last updated: November 25

Readings: Chapters 15, 17, 16, 9

10, 11, 6, 12, 8, 5, 13, 14

1-2,3,4,7

10. Free Trade or Protection (in class Nov 25).

9. Market Structure article. (due Wednesday Nov. 25) Find an article illustrating monopoly, oligopoly, or monopolistic competition. Explain how the market structure differs from perfect competition. Use a graph (or game theory matrix) to model behavior in this market structure. Will firms in this market earn a profit? Do barriers to entry allow them to earn profits in the long run?

8. product differentiation (in class Wed Nov 18)

7. Poster (due Friday Nov 20) create a small poster (or a website) illustrating any topic from this class. You can use any materials you like. This is not a writing assignment-- think "advertisement" not "essay". There will be small prizes for the best posters. [Examples of past websites for this assignment: market structure, Ten principles of economics, opportunity cost, consumer surplus.]

6. Quiz on Short run costs (in class Fri Oct 30)

5. Market Failure article. Due Wed Oct 21. Find an article that illustrates extenalities, monopoly, or public goods. Explain the market failure. Explain how the government can improve economic efficiency in this case.

4. Supply and Demand article. Due Wednesday October 2. Find an article from a recent news source showing a change in price or quantity. Has there been a change in supply or demand? An increase or decrease? Use a supply and demand graph to analyse this market change. Explain what happens to price and quantity. Turn in a copy of the article. (Some tips: don't use an advertisement, avoid financial markets unless you are very familiar with them, don't use macroeconomc data [eg. inflation rates].)

3. Technological Change. (in-class)

2. Opportunity cost article.

1. Getting Dressed. In-class September 22. (if you added this class and missed this assignment, please see me.)