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Economics 14

Economics 14 Class Notes
Spring 2005

Introduction

Scarcity and Choice

Guell, Chapter 1

• Lecture 1: (1/12/05) - Scarcity and Choice
• Lecture 2: (1/14/05) - Production Possibilities Frontier
• Lecture 3: (1/17/05) - A Tour of the Economy

Supply and Demand

Guell, Chapters 2, 3, and 31

• Lecture 4: (1/19/05) - Supply and Demand, Part 1
• Lecture 5: (1/21/05) - Supply and Demand, Part 2
• Lecture 6: (1/24/05) - Supply and Demand, Part 3
• Lecture 7: (1/26/05) - Supply and Demand, Part 4
• Lecture 8: (1/28/05) - Price Controls

Supply and Demand Analysis of Health Care

Guell, Chapters 19 and 20

• Lecture 9: (1/31/05) - Health Care

Financial Markets

Guell, Chapters 7 and 38

• Lecture 10: (2/2/05) - Financial Markets

Macroeconomics

Macroeconomic Basics

Guell, chapters 6 and 8

• Lecture 11: (2/9/05) - Gross Domestic Product
• Lecture 12: (2/11/05) - How Much Did Living Standards Improve Over the 20th Century?
• Lecture 13: (2/14/05) - Unemployment and Inflation
• Lecture 14: (2/16/05) - Aggregate Demand and Aggregate Supply
• Lecture 15: (2/18/05) - Aggregate Demand and Aggregate Supply, Continued

Fiscal Policy

Guell, Chapters 9, 10, and 11

• Lecture 16: (2/21/05) - Fiscal Policy

Economic Growth

• Lecture 17: (2/23/05) - Why Are Some Countries So Rich and Others So Poor?

Money and the Economy

Guell, Chapter 12

• Lecture 18: (2/25/05) - Money
• Lecture 19: (2/28/05) - Monetary Policy

Social Security

Guell, Chapter 25

• Lecture 20: (3/14/05) - Social Security

Microeconomics

Theory of the Firm

Guell, Chapters 4 and 5

• Lecture 21: (3/16/05) - Costs
• Lecture 22: (3/18/05) - Profit Maximization
• Lecture 23: (3/21/05) - Profits and Market Structure

Antitrust

Guell, Chapter 35

• Lecture 24: (3/23/05) - Antitrust Policy

Energy Markets

Guell, Chapter 36

• Lecture 25: (3/25/05) - Energy Prices

Crime

Guell, Chapter 22

• Lecture 26: (3/28/05) - Crime

International Trade

Guell, Chapters 14 and 16

• Lecture 27: (4/1/05) - Comparative Advantage and the Gains from Trade
• Lecture 28: (4/4/05) - Trade Policy

Regional Economics

Guell, Wal-Mart web chapter

• Lecture 29: (4/6/05) - Wal-Mart

Illegal Goods and Services

Guell, Chapter 17

• Lecture 30: (4/8/05) - Market for Drugs

Economics of the Environment

Guell, Chapter 18

• Lecture 31: (4/11/05) - Externalities and Market Failure

Poverty and Welfare

Guell, Chapter 24

• Lecture 32: (4/15/05) - Poverty in America

Education

Guell, Chapter 23

• Lecture 33: (4/18/05) - Economics of Education

Economics of Sports

Guell, Chapter 37

• Lecture 34: (4/20/05) - Sports

Why Textbooks Cost So Much

Guell, Textbook Prices web chapter

• Lecture 35: (4/27/05) - Textbook Prices

David A. Latzko Business and Economics Division Pennsylvania State University, York Campus office: 13 Main Classroom Building phone: (717) 771-4115 fax: (717) 771-4062 e-mail: web: www.yk.psu.edu/~dxl31