Here's the list of the topics to be covered in class this semester in the order they'll be discussed. Topics that are links have optional exercises, additional information or both. The list may be revised or expanded during the semester (especially with the addition of more exercises), so it's a good idea to check back from time to time.
Where applicable, the relevant sections of Perloff are indicated (on the linked page if the topic is a link). The 4th and 5th editions of Perloff use almost identical section numbers but some section numbers are different starting in the 6th edition. If section numbers are different, the applicable editions are shown as 4e, 5e, etc.
Online tools and math references.
Core economic concepts and the basic structure and functioning of markets.
Demand in more detail: modeling expenditure on goods and services; labor supply; choice over time; choice under uncertainty.
Production and costs; marginal and average costs and revenue; objectives and constraints of organizations, including profits, revenue and output.
Performance of competitive markets; potential problems and market failures.