| Jim Whitney | Economics 102 |
Economics 102: Analytical Foundations of Economics
Course schedule VI: Multiple equations
Items marked with an asterisk (*) may not currently be available online.
| Dates: | Apr.16-30 |
| Topic: | VI. Multiple equations |
| Readings: | Pindyck and Rubinfeld, selections
from Chapter 9
Gwartney and Stroup, pp.231-239 |
| Deadlines: | Apr.30: Problem set 6 due (Key*)
Apr.30: QWizPlus unit VI due Final exam (past finals online) |
| VIA. Microeconomics: supply and demand | |
| Readings: | Pindyck and Rubinfeld, Chapter 9 |
| Day 34: | VIA1. A free market equilibrium |
| Readings: | Pindyck and Rubinfeld, Chapter 9, pp.289-294, 296-301 |
| Handouts: | Supply and demand: a free market equilibrium |
| Day 35: | VIA2. Per unit taxes and subsidies |
| Readings: | Pindyck and Rubinfeld, Chapter 9, pp.318-325 |
| Handouts: | Per unit taxes
Per unit subsidies Tax and subsidy geometry |
| Day 36: | Workshop: per unit taxes and subsidies |
| Handouts: | Supply and demand: tax and subsidy sample questions |
| VIB. Macroeconomics: the Keynesian cross | |
| Readings: | Gwartney and Stroup, pp.231-239 |
| Day 37: | VIB1. The economy's spending sectors |
| Day 38: | VIB2. The economy's spending multiplier (m) |
| Handouts: | The Multiplier Effect of Spending Changes: Record Sheet |
| Day 39: | VIB3. Basic geometry of the Keynesian cross
VIB4. Solving for an aggregate expenditure (AE) equilibrium |
| Handouts: | Macroeconomic modeling:
The Keynesian Cross
Solving for an Aggregate Expenditure equilibrium |
| Day 40: | Review (past final online) |