73/88-110 Tentative Schedule

Fall, 2003

• Week 1 (August 25, 27, 29):
  • Introduction and Administrative Details. [EEP, preface and note to users]
  • Social Decision Making.
  • Web Experiment (NC Aug 29): Supply and Demand (EconU).

• Week 2 (September 1, 3, 5):
  • Labor Day (Sep 1), no class.
  • Understanding Observations.
  • Creating Theories.
  • Economic Mysteries due 5 September.

• Week 3 (September 8, 10, 12):
  • Discussion: Supply and Demand. [EEP, pp 7-24; EconU Workbook]
  • Real World: Readings on Supply and Demand.
  • EconU Supply and Demand Workbook due 12 September.
  • In-Class Experiment (Sep. 12): Shifting Supply and Demand. [EEP, pp 39-41]

• Week 4 (September 15, 17, 19):
  • Discussion: Shifting Supply. [EEP, pp 42-47 and A.1-A.3 pp 401-413]
  • Real World: Readings on Shifting Supply and Demand.
  • Lab Report [EEP, pp 48-52, here is the data ] and Home Work [EEP, pp 53-56]: Shifting Supply, due 19 Sep.
  • Web Experiment (NC Sep. 19): Sales Taxes (EconU).

• Week 5 (September 22, 24, 26):
  • Discussion: Sales Taxes. [EEP, pp 62-78; EconU Workbook]
  • Real World: Readings on Sales Taxes.
  • EconU Sales Taxes Workbook due 26 September.
  • Web Experiment (NC Sep. 26): Minimum Wages (EconU).

• Week 6 (September 29, October 1, 3):
  • Discussion: Minimum Wages. [EEP, pp 123-139; EconU Workbook]
  • Real World: Readings on Minimum Wage.
  • EconU Minimum Wages Workbook due 3 October.
  • In-Class Experiment (Oct. 3): Prohibition. [EEP, 91-94]

• Week 7 (October 6, 8, 10):
  • Discussion: Prohibition. [EEP, pp 95-107]
  • Real World: Readings on Prohibition.
  • Lab Report [EEP, pp 108-112, here is the data ] and Home Work [EEP, pp 113-118]: Prohibition, due 10 Oct.
  • Web Experiment (Oct. 10): Adverse Selection (EconU).
  • Review (Oct. 10).

• Week 8 (October 13, 15, 17):
  • Exam 1, 13 October. The exam will cover all lectures and fully completed experiments up to this point. Here is copy of a previous year's exam. This year's exam will have a similar style (including a set of questions like (4).
  • Review Exam 1.
  • Mid-Semester Holiday (Oct 17), no class.
  • Important Midterm Grade Information.

• Week 9 (Oct 20, 22, 24):
  • Discussion: Adverse Selection. [EEP, pp 327-339; EconU Workbook]
  • Real World: Readings on Adverse Selection.
  • EconU Adverse Selection Workbook due 24 October.
  • Web Experiment (NC Oct. 24): Externalities (EconU).

• Week 10 (Oct 27, 29, 31):
  • Discussion: Externalities. [EEP, pp 159-170; EconU Workbook]
  • Real World: Readings on Externalities.
  • EconU Externalities Workbook due 31 October.
  • Web Experiment (NC Oct. 31): Network Externalities (EconU).

• Week 11 (Nov 3, 5, 7):
  • Discussion: Network Externalities. [EEP, pp 255-271 (only non-technical parts); EconU Workbook]
  • Real World: Readings on Network Externalities.
  • EconU Network Externalities Workbook due 7 November.
  • Note: The next experiment will be on EconX NOT EconU.
  • Web Experiment (NC Nov. 7): Monopolies and Cartels (EconX).

• Week 12 (Nov 10, 12, 14):
  • Discussion: Monopolies and Cartels. [EEP, pp 192-211]
  • Real World: Readings on Monopolies and Cartels.
  • EconX Monopolies and Cartel Workbook due 14 November.
  • In-Class Experiment (Nov. 14): Comparative Advantage. [EEP, pp 295-298]

• Week 13 (Nov 17, 19, 21):
  • Discussion: Comparative Advantage. [EEP, pp 299-314]
  • Real World: Readings on Comparative Advantage.
  • Lab Report [EEP, pp 315-316, here is the data ] and Home Work [EEP, 317-320]: Comparative Advantage, due 21 Nov.
  • In-Class Experiment (Nov. 21): Auctions. [EEP, pp 351-355]

• Week 14 (Nov 24, 26, 28):
  • Discussion: Auctions. [EEP, pp 356-369]
  • Thanksgiving Recess (Nov 26 and 28), no class.

• Week 15 (Dec 1, 3, 5):
  • Real World: Readings on Auctions.
  • Lab Report [EEP, pp 370-372, here is the data ] and Home Work [EEP, pp 373-376]: Auctions, due 3 Dec.
  • Review.
  • Exam 2, 5 December . Here is a practice exam. Here are some suggested answers to the practice exam---it will do you no good just to look at them without first studying hard and then taking the practice test.