Unit 1-An Introduction To Economics, Efficiency,
and the Market System
Chapter 1 - Limits, Alternatives, and Choices:
What is Economics, the 5Es, and Making Choices
- Reading Assignments:
- What is Economics? - pp. 3-7
- The 5Es of Economics
- Online
Lecture The online lecture is VERY
IMPORTANT!
- Efficient Allocation pp. 55-56
- Diminishing Marginal Utility pp. 46 and
126
- Making Choices
- Individual Choices - pp. 7-10
- Society's Choices - pp. 10-18
- Slopes and Marginal Analysis - p 23
- Graphing - pp. 21-25
- Benefit Cost Analysis
- p. 5, "Marginal Analysis: Benefits and
Costs"
- pp. 13-14, "Optimal Allocation" (especially fig
1.3),
- p. 14 "The Economics of War" (box)
- Ch. 8: p. 161 Last Word: Sunk costs are
irrlevant in decision making
- Ch. 16: pp. 319-321, "Society's Optimal Amount
of Externality Reduction"
- Ch. 22: p. 435 "Immigration: Two Views"
- Worked
Problems: W1.1 and W1.2 @ http://www.mcconnell17.com
- Web Quizzes [Chapter 1] at http://www.mcconnell17.com
- Study Guide
- Chapter 1:
- Multiple Choice: # 1-7, 10-12, 14-24
- Problems: # 4, 5
- Chapter 1 Appendix:
- Multiple Choice: # 1, 2, 6, 11, 12 15, 16,
17
- Problems: # 1a, 1b, 2a, 4
- Textbook End of Chapter Key Questions
Chapter 2 - The Market System and the 5 Es
- Reading Assignments:
- Web Quizzes [Chapter 2] at http://www.mcconnell17.com
- Quiz
1: all questions (note: the correct answer for #5
is A.)
- Quiz
2: #1-4, 6-10
- Quiz
3: #1, 2, 4, 7-11 (#3 error)
- Study Guide - Chapter 2
- Multiple Choice: # 1-3, 6, 7, 9, 11, 12, 13,
19-25
- Problems: # 1, 4
Chapter 3 - Demand, Supply, and Market Equilibrium --
and the 5Es
- Reading Assignments:
- Web Quizzes at http://www.mcconnell17.com
- Study Guide
- Ch.3
- Multiple Choice: # 1-28
- Problems: # 1-6, 8
- Ch. 6
- Multiple Choice: # 25-30
- Problems: # 7, 8, 9
- Textbook End of Chapter Key Questions
Chapter 4 and 16 - The Public Sector
(Government)
- Reading Assignments:
- Ch. 3 - Government Set Prices pp. 57-61
- Ch. 3 - Last Word pp. 60-61
- Ch. 4 - The Public Sector: Government's Role - pp.
71-75
- Ch.16 - Public Goods and Externalities - pp.
309-322
- Web Quizzes at http://www.mcconnell17.com
- Chapter 3
- Chapter 4
- Chapter 16
- Chapter 17
- Study Guide
- Chapter 3
- Multiple Choice: # 29, 30
- Problems: # 7
- Chapter 4
- Multiple Choice: # 9-17, 19-25; ALSO p. 36
(ch.3) # 29, 30
- Problems: # 2, 4; ALSO p. 33 (ch.3) # 7
- Chapter 16
- Multiple Choice: #1-5, 10-16, 18-22
- Problems: # 2-5
- Textbook End of Chapter Key Questions
Unit 2 - Elasticity, Consumer Decisions, and
Costs of Production
Chapter 6 - Extensions of Demand and Supply Analysis -
Elasticity
Chapter 7 - Consumer Behavior and Utility
Maximization
Chapter 8 - The Costs of Production
Unit 3-Product Markets: Decision Making and
Efficiency
Chapter 9 - Pure Competition
- Reading Assignments:
- Worked
Problems 9.1, 9.2 (21.2), 9.3 (21.3) at http://www.mcconnell17.com
- Web Quizzes at http://www.mcconnell17.com
- Study Guide - Chapter 9
- Multiple Choice: # 1-7, 9-15, 17, 18, 21-30
- Problems: # 1-4, 7
- Textbook End of Chapter Key Questions Chapter 9:
9-3,
9-4, 9-6, 9-7
Chapter 10 AND 18 - Pure Monopoly and
Regulation
- Reading Assignments:
- Ch. 10 ALL
- Ch. 18: pp. 348-357, 360 (Last Word)
- Worked Problems #
10.1 and 10.2 (22.2) at http://www.mcconnell17.com
- Web Quizzes at http://www.mcconnell17.com
- Study Guide
- Chapter 10
- Multiple Choice: # 1-15, 18-25
- Problems: # 1, 2, 3, 4
- Chapter 18
- Multiple Choice: # 1, 9, 10, 11, 14, 18,
19
- Problems: # 3
- Textbook End of Chapter Key Questions
Chapter 11 - Monopolistic Competition and
Oligopoly
- Reading Assignments:
- pp. 210-219
- game theory 219-221
- 221-230
- Worked
Problem 11.1 at http://www.mcconnell17.com
- Web Quizzes at http://www.mcconnell17.com
- Chapter 11
- Quiz
1: # 1, 2, 3 (game theory), 4-9, 10 (game
theory)
- Quiz
2: # 1-6, 8-10
- Quiz
3: # 1-4, 5 (game theory), 6-9, 10 (game
theory)
- Study Guide - Chapter 11
- Multiple Choice: # 1-19, 23-27, 30 (game
theory: #20-22)
- Problems: # 1, 2, 3 (game theory), 4
- Textbook End of Chapter Key Questions 11-2,
11-7, 11-9, 11-11, 11-8 (game theory)
??????????????????????????????????????????????????????????????????????????????????????????????????????
Unit 4-Resource Markets: Decision Making,
Efficiency, and Equity
Chapter 13 - The Demand for Resources
Chapter 14 - Wage Determination
Chapter 20 - Income Inequality and Poverty
Chapter 21 - Labor Market Institutions and Issues:
Unionism, Discrimination, Immigration
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16TH EDITION
Unit 4-Resource
Markets: Decision Making, Efficiency, and
Equity
Unit 4 Reading
Assignments
- Ch. 14 -- The Demand for Resources
All
- Ch. 15 -- Wage Determination: Labor
Market Models and Efficiency
pp. 277-289, 410-413
- Ch. 21 -- Income Inequality and
Poverty
pp. 289-293, 387-398
- Ch. 22 -- Labor Market Issues:
Unionism, Discrimination, and
Immigration
pp. 413-425
[TOP]
Unit 4 Study Guide
Problems
- Ch. 14 --The Demand for
Resources
Multiple Choice: pp.
Problems: pp.
- Ch.15 --Wage
Determination
Multiple Choice: pp.
Problems: pp.
- Ch. 21:
Multiple-Choice Questions - pp.
Problems - pp.
Multiple-Choice Questions - pp.
Multiple-Choice Questions - pp.
Ch 23:
Multiple-Choice Questions - pp.
Problems - pp.
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TEMPLATE
Chapter X
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