II. Economic Policy Using Supply and Demand

Sept. 9 T	3. Markets for Goods and Services SW: 3 [4] Problem Set 1 due. #Answers.
Sept. 11 Th	4. Analysis in the Supply and Demand Model SW: 4 [5]
Sept. 16 T	5. Consumer and Producer Surplus SW: 10 [10] read up to General Equilibrium #Problem Set 2 due. #Answers.
Sept. 18 Th	6. Price Controls and Taxes
Sept. 23 T	7. International Trade SW: 19 [18] Uri Dadush and Julia Nielson, "Governing Global Trade," Finance and Development, December 2007, Volume 44, Number 4. #Problem Set 3 due. #Answers.
Sept. 25 Th	8. Externalities and the Environment SW: 18 [21]
Sept. 30 T	FIRST MIDTERM Covers classes 1-6. #Exam  #Answers

III. Firms

Oct. 2 Th	9. The Nature and Value of a Firm SW: 9 [9]
Oct. 7 T	10. Production and Costs SW: 6 [7] #Problem Set 4 due. #Answers.
Oct. 9 Th	11. The Perfectly Competitive Firm SW: 7 [8] #Handout
Oct. 14 T	12. The Labor Market SW: 8 [9] Article: David Wessel, "As Rich-Poor Gap Widens in the U.S., Class Mobility Stalls, Wall Street Journal, May 13, 2005: Page A1. #Problem Set 5 due. #Answers.
Oct 16 Th	13. Monopoly SW: 12 [12]
Oct 21 T	14. The Capital Market and the Real Interest Rate SW: 39 [17] #Problem Set 6 due. #Answers.

IV. Introduction to Macroeconomics

Oct. 23 Th	15. Introduction to Macroeconomic Models SW: 21, 22 [22, 23] #Article Robert Gordon, "Two Centuries of Economic Growth: Europe Chasing the American Frontier," working paper, March 30, 2004.
	OCTOBER BREAK
Oct. 30 Th	16. A Simple Long-Run Macro Model SW: 24 [24]
Nov. 4 T Election Day	17. Savings, Investment, Government SW: 25, 26 [26] #Problem Set 7 due. #Answers.
Nov. 6 Th	18. Growth SW: 27 [27] Article: Robert E. Lucas, "The Industrial Revolution: Past and Future," The Region, Minneapolis Fed, 2003 Annual Report.
Nov. 11 T Veterans' Day	SECOND MIDTERM EXAM Covers classes 7-16. #Exam  #Answers

V. Fluctuations

Nov. 13 Th	19. Money and Central Banks SW: 28 [25]
Nov. 18 T	20. Money and Inflation SW: 23 [23] Article: Phil Davies, "Right on Target: A behind-the-scenes look at open market operations, the Fed's big stick of monetary policy, " The Region, December 2004: 39-48.\ #Problem Set 8 due. #Answers.
Nov. 20 Th	21. Unemployment and Business Cycles SW: 29 [28]
Nov. 25 T	22. Aggregate Demand and Inflation SW: 31 [30] #Problem Set 9 due. #Answers.
	THANKSGIVING
Dec. 2 T	23. Inflation and Unemployment SW: 37 [31]

Dec. 4 Th

24. Household Choices Revisited SW: 5 Appendix [6 Appendix] #Review Problem Set 10.

Dec. ?

Review Session

Dec. ?

FINAL EXAM