Week 1

Thinking like an Economist

• Opportunity Cost
• Models
• Decision Making

• Introduction
• The PPF
• Specialization
• Increasing Opportunity Cost

Week 2

Gains from Trade

Week 3

Supply, Demand & Equilibrium

• Introduction
• Demand
• Demand Shifts
• Supply
• Individuals into Markets
• Equilibrium
• Integers vs. Continuous Quantities

• Introduction
• Determinants
• Calculating
• Some Implications
• Other Elasticities

Week 4

Elasticity

Week 5

Surplus & Efficiency

• Introduction
• Surplus Defined
• Surplus
• Fairness

• Introduction
• Price Floor
• Price Ceiling
• Taxes I
• Taxes II
• Subsidies

Week 6

Market Interventions

Week 7

Production Costs

• Introduction
• Economic vs. Accounting Costs
• Model Setup
• MPL & MC
• Short Run
• Long Run

• Introduction
• Short-Run Overview
• Short-Run Outcome I
• Short-Run Outcome II
• Short-Run Outcome III
• Short-Run Market
• Long-Run Market
• Applications & Implications

Week 8

Perfect Competition

Week 9

Monopoly

• Intro Market Failure
• Intro Monopoly
• Marginal Revenue
• Profit Maximization
• Efficiency
• Public Policy

• Introduction to Price Discrimination
• Between Consumer
• Within Consumer
• Introduction to Game Theory
• Nash Equilibrium
• Prisoners' Dilemma

Week 10

Price discrimination & Game Theory

Week 11

Oligopoly

• Cournot
• Bertrand
• Collusion

• Introduction
• What We Want vs. What We Get
• An Example
• Pigovian Taxes and Subsidies
• Private Solutions
• Pollution Policy Intro
• Pollution Policy: Tax vs. Direct Regulation
• Pollution Policy: Cap-and-Trade

Week 12

Externalities