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Economics 102

Economics 102 Lecture Notes
Spring 2013

Introduction

Scarcity and Choice

Rittenberg and Tregarthen, Chapters 1 and 2

• Lecture 1: (1/7/13) - Using Graphs in Economics
• Lecture 2: (1/9/13) - Scarcity and Choice
• Lecture 3: (1/11/13) - Production Possibilities Curve
• Lecture 4: (1/14/13) - Gains from Trade

Supply and Demand

Rittenberg and Tregarthen, Chapters 3 and 4

• Lecture 5: (1/16/13) - Markets and Prices
• Lecture 6: (1/18/13) - Supply and Demand, Part 1
• Lecture 7: (1/23/13) - Supply and Demand, Part 2
• Lecture 8: (1/25/13) - Supply and Demand, Part 3
• Lecture 9: (1/28/13) - Supply and Demand, Part 4

Demand

Elasticity

Rittenberg and Tregarthen, Chapter 5

• Lecture 10: (2/1/13) - Price Elasticity of Demand
• Lecture 11: (2/4/13) - Applications of Elasticity
• Lecture 12: (2/6/13) - Applications of Elasticity, Part 2

Consumer Behavior

Rittenberg and Tregarthen, Chapter 7

• Lecture 13: (2/8/13) - Marginal Utility
• Lecture 14: (2/11/13) - Consumer Equilibrium
• Lecture 15: (2/13/13) - Consumer Choice

Theory of the Firm

Production and Costs

Rittenberg and Tregarthen, Chapter 8

• Lecture 16: (2/15/13) - Firms in the Economy
• Lecture 17: (2/18/13) - Costs in the Short Run
• Lecture 18: (2/20/13) - Costs in the Long Run

Perfect Competition

Rittenberg and Tregarthen, Chapter 9

• Lecture 19: (2/25/13) - Profit Maximization, Part 1
• Lecture 20: (2/27/13) - Profit Maximization, Part 2
• Lecture 21: (3/1/13) - Perfect Competition in the Short Run
• Lecture 22: (3/11/13) - Perfect Competition in the Long Run

Monopoly

Rittenberg and Tregarthen, Chapter 10

• Lecture 23: (3/13/11) - Monopoly

Imperfect Competition

Rittenberg and Tregarthen, Chapter 11

• Lecture 24: (3/18/11) - Monopolistic Competition
• Lecture 25: (3/20/13) - Oligopoly

Resource Markets

Rittenberg and Tregarthen, Chapters 12, 13, and 14

• Lecture 26: (3/27/13) - Resource Market Basics
• Lecture 27: (3/29/13) - The Labor Market
• Lecture 28: (4/1/13) - Monopsony
• Lecture 29: (4/3/13) - The Market for Capital
• Lecture 30: (4/5/13) - Natural Resources

Microeconomic Policy

Market Failure

Rittenberg and Tregarthen, Chapters 6, 15, 16, and 18

• Lecture 31: (4/8/13) - Markets and Efficiency
• Lecture 32: (4/10/13) - Antitrust
• Lecture 33: (4/15/13) - Externalities
• Lecture 34: (4/17/13) - Policies for Externalities and Public Goods
• Lecture 35: (4/19/13) - Asymmetric Information

World Trade

Rittenberg and Tregarthen, Chapter 17

• Lecture 36: (4/22/13) - Comparative Advantage
• Lecture 37: (4/24/13) - Trade With Supply and Demand Curves

Poverty

Rittenberg and Tregarthen, Chapter 19

• Lecture 38: (4/26/13) - Poverty in America

David A. Latzko Business and Economics Division Pennsylvania State University, York Campus office: 221 Grumbacher Information Sciences & Technology Center voice: (717) 771-4115 fax: (717) 771-4062 e-mail: web: www.yk.psu.edu/~dxl31