Lecture 1: Course introduction, Money
Lecture 2: Economic Inequality.
CORE 1-1.4, 5.12-5.13
The Great Escape (2013) [Chapter 5], by Angus Deaton
Lecture 3: Economic and social mobility, the importance of institutions.
Lecture 4: Production possibilities frontiers & gains from trade, markets.
Lecture 5: Objective functions, using models in economics
CORE 2.2-2.3
Lecture 6: Constrained optimization, indifference curves, feasible frontiers
CORE 2.4-2.5, Chapter 3
Lecture 7: Game Theory: best response functions, dominance arguments, preferences, equilibrium.
CORE 4.1-4.5
Lecture 8: Game Theory: bargaining, Pareto criteria, fairness and efficiency.
CORE 4.9-4.10, 5.4-5.10
Why Nations Fail, Chapter 3, by Daron Acemoglu and James Robinson (Crown Publishers.)
Lecture 9 Demand.
CORE 7.8-7.9
Lecture 10: Theory of the Firm & profit maximization.
CORE 7-7.7
Lecture 11: Monopoly and Antitrust Policy.
CORE 7.10-7.13
Lecture 12: Oligopoly and monopolistic competition.
NO READING ASSIGNMENTS.
Lecture 13: Perfect competition.
CORE 8-8.6
Lecture 14: Thursday, October 22: externalities, public goods.
CORE 12-12.5, 4.6-4.7
Lecture 15: Asymmetric information: adverse selection & moral hazard.
CORE Sections 12.6-12.7
Lecture 16: Introduction to macroeconomics, measuring output.
CORE 13-13.4
Lecture 17: Fiscal policy: government spending, deficits, debt.
Red Ink (Crown Publishing Group) [Chapter 2], by David Wessell
Lecture 18: Fiscal policy: taxes.
CORE 8.7
Lecture 19: The Keynesian Cross
CORE 14-14.6
Lecture 20: The Economics of Health Care
Overtreated, 2007 (Bloomsbury Publishing) [Chapter 3], by Shannon Brownlee.
Lecture 21: Labor markets and unemployment.
CORE 6-6.4, 9-9.2
Lecture 22: Banks & monetary policy
Lecture 23: Inflation & the Phillips Curve.
CORE: 13.8-13.9, 15-15.2
Lecture 24: Uncertainty & expected utility.
CORE 11.3-11.5
Lecture 25: Asset pricing.
Lecture 26: Bubbles, crashes and crises.
CORE 11.6-11.8
(MOVIE) Too Big to Fail (2011, HBO Films).