Topic	Name	Description
Course Introduction	Course Syllabus

1.1: Definition of Economics	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.
	Ticket Scalping and Opportunity Cost	Listen to this lecture.

1.2: Supply and Demand	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.
	More on Supply and Demand	Listen to lectures 1 and 2.

1.3: Elasticity	Quantification	Read this chapter. Consider how elasticity is applied by business economists and its usefulness as a practical economic tool.
	Elasticity	Listen to the following episodes of this podcast: Chapter 6 Part I: Price Elasticity of Demand Chapter 6 Part II: Elasticity of Supply Chapter 6 Part III: Cross Elasticity and Income Elasticity of Demand Chapter 6 Part IV: Consumer and Producer Surplus and Efficiency Losses Chapter 6 Part V: Elasticity and Pricing Power

1.4: Government and the Market	Government Interventions	Read this chapter. Who wins and loses when a tax law is adjusted? How might special interest groups influence tax laws?
	The Effect of a Tax	Watch this video. The associated spreadsheet for this video is the second one in this workbook. Explore the various changes caused by taxation and its effect on elasticity.

2.1: Trade	Trade	Read this chapter. How does the production possibilities curve relate to specialization? What is its role in calculating comparative and absolute advantage?
	Production: General Pricing of the Factors	Listen to this lecture.
	Production Possibilities	Watch this lecture. Consider the role of the production possibilities curve as a defining frontier.

2.2: Externalities	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?

2.3: Public Goods	Public Goods	Read this chapter. Think about the nature of public goods and non-excludability. What is the role of geographic proximity to public good problems?

3.1: Costs	Producer Theory: Costs	Read this chapter. How do constraints on a firm circumscribe its options? What is the role of shadow values as these constraints are relaxed?
	Profit Max Single Variable	Watch these videos and follow along as profit maximization is considered from various perspectives.

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

3.3: Investment	Investment	Read this chapter. Ponder the 2008 financial crisis and the role of uncertainty in investment. What role does the government play in uncertainty and risk?
	Present Value Prices and the Real Interest Rate	Listen to this lecture.

4.1: Consumer Theory	Consumer Theory	Read this chapter. What is the role of utility (the flow of happiness over time)? Do individuals truly maximize their happiness relative to a budget?
	Income and Substitution Effects and Expected Utility Hypothesis	Watch these videos. The associated spreadsheet for this video is the fourth one in this workbook. Explore the various changes caused by the income and substitution effects.

4.2: Applied Consumer Theory	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?
	University of California, Berkeley: Glenn Woroch's "Economics 100A"	Listen to Lecture 4.

4.3: Equilibrium	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?

5.1: Monopoly	Monopoly	Read this chapter. A monopoly has 100% of a market. What monopolies exist in your area? What role does regulation play in preventing monopolies?
	Monopoly Pricing and Allocating Surplus	Watch these videos. What is the role of deadweight loss? How does it affect society?

5.2: Game Theory	Game 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?

5.3: Imperfect Competition	Imperfect Competition	Read this chapter. Oligopolies are closely related to game theory. Can you explain how the two are related in terms of their underlying theories?

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

5.5: Auctions	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?

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