Topic Name Description
Course Introduction Page Course Syllabus
Page Course Textbook
1.1: Definition of Economics URL Introduction to Economic Analysis: "Chapter 1: What Is Economics?"

Read this chapter. Think about how economists frame their analysis and the kinds of tools they use. Consider how opportunity cost and a cost-benefit analysis relate to each other.

URL Mike Munger's "Ticket Scalping and Opportunity Cost"

Listen to this lecture.

1.2: Supply and Demand URL Introduction to Economic Analysis: "Chapter 2: Supply and Demand"

Read this chapter. Think about how a change in demand or supply is different from a change in quantity demanded or supplied.

URL University of California, Berkeley: Glenn Woroch's "Economics 100A"

Listen to lectures 1 and 2.

1.3: Elasticity URL Introduction to Economic Analysis: "Chapter 3: Quantification"

Read this chapter. Consider how elasticity is applied by business economists and its usefulness as a practical economic tool.

URL Harrisburg Area Community College: Amanda Kohler's "Principles of Microeconomics"

Listen to Chapter 6, parts I through V (lectures 31–36).

1.4: Government and the Market URL Introduction to Economic Analysis: "Chapter 5: Government Interventions"

Read this chapter. Ponder who wins and loses when a tax law is adjusted. How might special interest groups influence tax laws?

URL University of California, Berkeley: Glenn Woroch's "Economics 100A"

Listen to Lecture 15.

Page Professor Arvan's "The Effect of a Tax"

Watch this video. The associated spreadsheet for this video is the 2nd one in the workbook you can download here. You should explore the various changes caused by taxation and its effect on elasticity.

2.1: Trade URL Introduction to Economic Analysis: "Chapter 6: Trade"

Read this chapter. Consider how a production possibilities curve relates to specialization and its role in calculating comparative and absolute advantage.

URL Mises Institute: Peter G. Klein's "Production: General Pricing of the Factors"

Listen to lecture 13.

Page Professor Arvan's "Production Possibilities"

Watch this lecture. Consider the role of the production possibilities curve as a defining frontier.

2.2: Externalities URL Introduction to Economic Analysis: "Chapter 7: Externalities"

Read this chapter. Compare the role of individuals and society in maximization problems. When can a case be made to intervene in a market?

URL University of California, Berkeley: Glenn Woroch's "Economics 100A"

Listen to Lecture 24.

2.3: Public Goods URL Introduction to Economic Analysis: "Chapter 8: Public Goods"

Read this chapter. Think about the nature of public goods and non-excludability. Consider the role of geographic proximity to public good problems.

URL University of California, Berkeley: Glenn Woroch's "Economics 100A"

Listen to Lecture 25.

3.1: Costs URL Introduction to Economic Analysis: "Chapter 9: Producer Theory: Costs"

Read this chapter. Think about how constraints on a firm circumscribe its options. Consider the role of shadow values as these constraints are relaxed.

URL University of California, Berkeley: Glenn Woroch's "Economics 100A"

Listen to Lecture 9.

Page Professor Arvan's "Profit Max Single Variable"

Watch these videos and follow along as profit maximization is considered from various perspectives.

3.2: Dynamics URL Introduction to Economic Analysis: "Chapter 10: Producer Theory: Dynamics"

Read this chapter. Think about how costs vary with economies of scale of scope. What role does technology play?

URL University of California, Berkeley: Glenn Woroch's "Economics 100A"

Listen to Lecture 8.

3.3: Investment URL Introduction to Economic Analysis: "Chapter 11: Investment"

Read this chapter. Ponder the recent financial market meltdown and the role of uncertainty in investment. What role does the government play in uncertainty and risk?

URL Yale University: John Geanakoplos' "Present Value Prices and the Real Interest Rate"

Listen to Lecture 5.

4.1: Consumer Theory URL Introduction to Economic Analysis: "Chapter 12: Consumer Theory"

Read this chapter. Consider the role of utility, the flow of happiness over time. Do individuals truly maximize their happiness relative to a budget? 

URL University of California, Berkeley: Glenn Woroch's "Economics 100A"

Listen to Lectures 3 and 5.

Page Professor Arvan's "Income and Substitution Effects" and "Expected Utility Hypothesis"

Watch these videos. The associated spreadsheet for this video is the 4th one in the workbook you can download here. You should explore the various changes caused by the income and substitution effects.

4.2: Applied Consumer Theory URL Introduction to Economic Analysis: "Chapter 13: Applied Consumer Theory"

Read this chapter. Reflect on how environments change and how individuals adapt to evolving circumstances. How do consumers adapt as they learn new information?

URL University of California, Berkeley: Glenn Woroch's "Economics 100A"

Listen to Lecture 4.

4.3: Equilibrium URL Introduction to Economic Analysis: "Chapter 14: General Equilibrium"

Read this chapter. Consider a zero-sum game. Is it always true that to make one person better off another must be made worse off?

URL University of California, Berkeley: Glenn Woroch's "Economics 100A"

Listen to Lecture 14.

5.1: Monopoly URL Introduction to Economic Analysis: "Chapter 15: Monopoly"

Read this chapter. Consider which monopolies exist in your local area. Recall that a monopoly has 100% of a market. What role, if any, does regulation play?

URL University of California, Berkeley: Glenn Woroch's "Economics 100A"

Listen to Lecture 17.

Page Professor Arvan's "Monopoly Pricing" and "Allocating Surplus: Monopoly"

Watch these videos. Consider the role of deadweight loss and how it affects society.

5.2: Game Theory URL Introduction to Economic Analysis: "Chapter 16: Games Strategic Behavior"

Read this chapter. Ponder the basic decision to cooperate or compete in a game. What broader implications does this have for business economists?

URL University of California, Berkeley: Glenn Woroch's "Economics 100A"

Listen to Lecture 23.

5.3: Imperfect Competition URL Introduction to Economic Analysis: "Chapter 17: Imperfect Competition"

Read this chapter. Oligopolies are closely related to game theory. Analyze how the two are related in terms of their underlying theories.

URL University of California, Berkeley: Glenn Woroch's "Economics 100A"

Listen to Lectures 20 and 21.

5.4: Uncertainty and Information URL Introduction to Economic Analysis: "Chapter 18: Information"

Read this chapter. Think about the role of signaling in your own life. How much time, money, and effort do you expend to convince others of something?

URL University of California, Berkeley's Department of Economics: Glenn Woroch's "Lecture 26”

Listen to Lecture 26.

5.5: Auctions URL Introduction to Economic Analysis: "Chapter 20: Auctions"

Read this chapter. Think about the role of information in the auction process. How clear and transparent are most auctions? What are some imperfections in auctions?

URL University of California, Berkeley: Glenn Woroch's "Economics 100A"

Listen to Lectures 12 and 13.

Course Feedback Survey URL Course Feedback Survey