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JMU Economics
College of Business

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Micro: 201
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Econometrics: 385
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Readings for Econ 201

Grayed-out readings and topics are tentative and subject to change. Blue readings are as assigned in class.
Jan. 11 Introduction to Economics, and to Microeconomics
Mankiw, ch. 1
Jan. 13 Scarcity and Choice
Mankiw, ch. 2 and appendix
SG: ch. 1 multiple choice (MC): 1, 2, 3
ch. 1 Advanced Critical Thinking problem
ch. 2 Practice Problem 2
ch. 2 MC: 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 18
Jan. 18 Markets and Demand
Mankiw, ch. 3; also pp. 65-73
SG: ch. 3 Practice Problem 1
ch. 3 MC: 1, 2, 3, 4, 5
ch. 4 MC: 2, 5, 7
Jan. 20 Supply and Equilibrium
Mankiw, pp. 73-81
SG: ch. 4 MC: 8, 9, 10, 11
Jan. 25 Supply, equilibrium and market examples
Mankiw, pp. 81-86
SG: ch 4 MC: 12, 13, 14, 15, 17, 19, 20
Jan. 27 Introduction to Elasticity
Mankiw, pp. 89-94
SG: ch. 5 MC: 1, 2, 3, 4, 5, 6
Feb. 1 Elasticity Measurement and Application
Mankiw, pp. 91-97
SG: ch. 5 MC: 9, 10, 11
SG: ch. 5 Practice Problems 1, 3
Feb. 3 Alternative Measures of Elasticity and Applications
Mankiw, pp. 97-109, 113-123
SG: ch. 5 MC: 7, 8, 13, 14, 15, 16, 17, 18, 19, 20; ch. 6 MC: 1, 2, 3, 4, 5, 6, 7
ch. 5 Practice Problem 5
ch. 5 Advanced Critical Thinking Problem
Feb. 8 Intervention into Markets
Mankiw, pp. 123-131
SG ch. 6 MC: 8, 9, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20;
SG ch. 6 Practice Problem 2 and Advanced Critical Thinking problem
Feb. 10 Reality Quiz first half of class, then: Consumer and Producer Surplus
Mankiw, pp. 137-154
SG ch. 7 MC: 1, 2, 3, 4, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20
Feb. 15 Assessment day: No classes 8 a.m.-4 p.m.
Feb. 17 Economic Efficiency and Costs of Production
Mankiw, pp. 267-271
Feb. 22 Theory of the Firm and Costs
Mankiw, pp. 271-279
SG ch. 13 MC: 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14
Feb. 24 Costs of Production
Mankiw, pp. 280-284
SG ch 13: Practice Problems 1, 2, 3
SG ch. 13 MC: 15, 16, 17, 18, 19, 20
March 1 Costs and Profit
Mankiw, pp. 289-293
SG ch. 14 Practice Problems 1, 2
SG ch. 14 MC: 1, 2, 3, 5, 6
March 3 Test 1 -- no new reading
March 15 Perfect Competition in the Short Run
Mankiw, pp. 293-295
SG ch. 14 MC: 7, 8, 9, 10, 11, 12, 13
March 17 Perfect Competition and Monopoly
Mankiw, pp. 295-307, 311-318
SG ch. 14 MC: 15, 16, 17, 18, 19, 20
SG ch. 15 MC: 1, 2, 4 
March 22 The Theory of Monopoly
Mankiw, pp. 318-339
SG ch. 15 Practice Problem 2
SG ch. 15 MC: 5, 6, 7, 8, 9, 10, 11, 12, 13, 17, 19, 20
March 24 Monopolistic Competition and Oligopoly
Mankiw, ch. 16
SG ch. 16 Practice Problems 2, 3
MC 1, 2, 3, 4, 5, 6, 7, 8, 9, 10,
12, 13, 14, 17, 19, 20
March 29 Oligopoly and Strategic Behavior
Mankiw, ch. 17
SG ch. 17 MC: 1, 2, 3, 6, 7, 8, 9, 10, 11, 12, 14, 15, 16, 17, 20
March 31 Dealing with Market Power
Mankiw, pp. 332-337 (again)
SG ch. 15 Practice Problem 3
SG ch. 15 MC: 14, 15, 16, 18
 
April 5 The Economic Theory of Externalities
Mankiw, ch. 10
SG ch. 10: Practice Problem 1
SG ch. 10 MC: 1, 2, 3, 4, 5, 8, 9, 10, 12, 13, 14, 15, 16, 17, 18, 19, 20
April 7 Test 2 -- no new reading
April 12 Externalities, then: Introduction to Income Distribution
Mankiw, pp. 391-394
SG ch. 18 MC: 1, 2, 3, 4
April 14 Labor Markets and Discrimination
Mankiw, pp. 394-410
SG ch. 18 Practice Problem 2
SG ch. 18 MC: 5, 6, 7, 8, 9, 11, 13, 14, 15, 16, 17, 18, 20
April 19 Discrimination, Income Inequality and Poverty
Mankiw, ch. 19
SG ch. 19 MC: 1, 2, 4, 5, 6, 7, 8, 10, 11, 12, 13, 14, 15, 16, 19, 20
SG ch. 20 MC: 2, 8, 10, 17, 18
April 21 Poverty and poverty relief, then:
Microeconomics of International Trade
Mankiw pp. 177-183, 188-195
SG ch. 20 MC: 2, 8, 10, 17, 18
SG ch. 9 Practice Problems 1, 2
SG ch. 9 MC: 1, 2, 10, 16, 20
April 26 Completing trade issues, then: Frontiers of Microeconomics (behavioral economics and utility)
Mankiw, pp. 494-500; also, box p. 465
SG ch 22 MC: 16, 18, 19, 20
April 28 Review and Synthesis