Principles of Economics

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Contents: 

Introduction 

Scarcity and Choice 
Guell, Chapter 1 
* Lecture 1: (1/12/05) - Scarcity and Choice 
* Lecture 2: (1/14/05) - Production Possibilities Frontier 
* Lecture 3: (1/17/05) - A Tour of the Economy 

Supply and Demand 
Guell, Chapters 2, 3, and 31 

* Lecture 4: (1/19/05) - Supply and Demand, Part 1 
* Lecture 5: (1/21/05) - Supply and Demand, Part 2 
* Lecture 6: (1/24/05) - Supply and Demand, Part 3 
* Lecture 7: (1/26/05) - Supply and Demand, Part 4 
* Lecture 8: (1/28/05) - Price Controls 

Supply and Demand Analysis of Health Care 
Guell, Chapters 19 and 20 

* Lecture 9: (1/31/05) - Health Care 

Financial Markets 
Guell, Chapters 7 and 38 

* Lecture 10: (2/2/05) - Financial Markets 

Macroeconomics 

Macroeconomic Basics 
Guell, chapters 6 and 8 

* Lecture 11: (2/9/05) - Gross Domestic Product 
* Lecture 12: (2/11/05) - How Much Did Living Standards Improve Over the 20th Century? 
* Lecture 13: (2/14/05) - Unemployment and Inflation 
* Lecture 14: (2/16/05) - Aggregate Demand and Aggregate Supply 
* Lecture 15: (2/18/05) - Aggregate Demand and Aggregate Supply, Continued 

Fiscal Policy 
Guell, Chapters 9, 10, and 11 

* Lecture 16: (2/21/05) - Fiscal Policy 

Economic Growth 

* Lecture 17: (2/23/05) - Why Are Some Countries So Rich and Others So Poor? 

Money and the Economy 
Guell, Chapter 12 

* Lecture 18: (2/25/05) - Money 
* Lecture 19: (2/28/05) - Monetary Policy 

Social Security 
Guell, Chapter 25 

* Lecture 20: (3/14/05) - Social Security 


Microeconomics 

Theory of the Firm 
Guell, Chapters 4 and 5 

* Lecture 21: (3/16/05) - Costs 
* Lecture 22: (3/18/05) - Profit Maximization 
* Lecture 23: (3/21/05) - Profits and Market Structure 

Antitrust 
Guell, Chapter 35 

* Lecture 24: (3/23/05) - Antitrust Policy 

Energy Markets 
Guell, Chapter 36 

* Lecture 25: (3/25/05) - Energy Prices 

Crime 
Guell, Chapter 22 

* Lecture 26: (3/28/05) - Crime 

International Trade 
Guell, Chapters 14 and 16 

* Lecture 27: (4/1/05) - Comparative Advantage and the Gains from Trade 
* Lecture 28: (4/4/05) - Trade Policy 

Regional Economics 
Guell, Wal-Mart web chapter 

* Lecture 29: (4/6/05) - Wal-Mart 

Illegal Goods and Services 
Guell, Chapter 17 

* Lecture 30: (4/8/05) - Market for Drugs 

Economics of the Environment 
Guell, Chapter 18 

* Lecture 31: (4/11/05) - Externalities and Market Failure 

Poverty and Welfare 
Guell, Chapter 24 

* Lecture 32: (4/15/05) - Poverty in America 

Education 
Guell, Chapter 23 

* Lecture 33: (4/18/05) - Economics of Education 

Economics of Sports 
Guell, Chapter 37 

* Lecture 34: (4/20/05) - Sports 

Why Textbooks Cost So Much 
Guell, Textbook Prices web chapter 

* Lecture 35: (4/27/05) - Textbook Prices