Here's the preliminary list of the topics to be covered this semester. It's organized into broad categories and we may skip around between sections during the semester: see the Materials from Class page for details on upcoming topics. 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 the optional Perloff text 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 in the 6th through 8th editions. If section numbers are different, the applicable editions are shown as 4e through 8e. The main difference between editions are the examples: newer editions use more recent examples.
Online tools and math references.
Core economic concepts and the basic structure and functioning of markets.
Production and costs; marginal and average costs and revenue; objectives and constraints of organizations, including profits, revenue and output.
Analysis of long term decisions and decisions under uncertainty.
Performance of competitive markets; potential problems and market failures.