You should obtain a copy of the following (the abbreviation in parentheses after each item denotes the way it is referenced in the course schedule):
Mankiw, N. Gregory. Principles of Economics. The Dryden Press, 1998. Available at the Oxy bookstore.
You should also get a package of 3x5" cards and bring some to each class.
I. Introduction: economics and "the economic way of thinking"
"A Divorced Spouse's Professional
Degree: Is It Community Property?"
II. The Micro Economy
IIA. Market fundamentals: supply and demand
"Back to the Draft: It's More
Economical, and It's Right"
"The Price of Beer Rises at a
Heady Pace, But Americans Are Thirstier Than Ever"
"Mink Farming Is Growing More
Scarce as Costs Rise and Fur Demand Declines"
"Moonshiners in South Find
Sales Are Down as Their Costs Go Up"
IIB. A closer look at microeconomic markets
Taylor. Readings on consumer
surplus
Taylor. Readings on producer
surplus
Taylor. Readings on market
efficiency
Heyne. "Marginal Values and Economic
Decisions"
"Price Hike: Coming Soon to a
Theatre Near You?"
"Why Calls Should Cost a Quarter"
"Millions Enter Lottery for
40,000 Green Cards"
"Body Organ Sales Discussed
as Way to Increase Supply"
Pindyck and Rubinfeld. "The
Market for Human Kidneys"
"Despite Fare Rise, Taxi Fleets
Report New Losses Again"
III. The microeconomic role of government
IIIA. Market strengths and weaknesses
Friedman. "The Power of the
Market"
Blinder. "Economic Policy Can
Be Hard-Headed--and Soft-Hearted"
IIIB1. Government policy tools
"Diagrammatic Effect of a Price
Control"
"Santa Monica--Only the Elite Need
Apply"
"A New Lease on Life for Rent Control"
"Milk Prices to Rise; Southland
to Be Hit Hardest"
Pindyck and Rubinfeld. "A Tax
on Gasoline"
IIIC. Market failure
"What Cost a Life? EPA Asks Tacoma"
Blinder. "Cleaning Up the
Environment: Sometimes Cheaper Is Better"
"AQMD Board Creates First U.S.
‘Smog Market'"
"How to Break Up Traffic Jams"
"Living with the Car"
IIID. Market power
"23 Colleges in East Adjust Aid
to Avert Bidding for Students"
"Rebirth of the Ivy Cartel"
"A Supremely Unsettling Smorgasbord"
"Market Forces and Discord
Stymie Cartels"
"Horror! Fine Caviar Now Could
Became Cheap as Fish Eggs"
IIIE. Income distribution and redistribution
"Are
Returns to College Education Likely to Decline in the '90s?"
IV. The Macro Economy
IVA. Measuring macroeconomic performance: output, unemployment and
inflation
"Study Ranks Joblessness Top Factor in
Gang Toll"
"On the twelfth day of Christmas,
you'll pay $13,195.86"
IVB. Aggregate supply and aggregate demand
Gwartney and Stroup. "Aggregate
demand and aggregate supply"
Baumol and Blinder. "The aggregate
supply curve"
V. The macroeconomic role of government
"Bonds, Interest Rates, and Bond
Prices"
Dornbusch. "You Can't Cut Taxes
and Balance the Budget"
VI. The Global Economy
Levinson. "Economic policy:
the old tools won't work"
Pindyck and Rubinfeld. "Import
Quotas and Tariffs"
Krugman. "What Do Undergrads
Need To Know About Trade?"