Principles of Economics
Summer 2007
Li Yu


Time: 11:00 - 12:00pm MTWRF
Location: Food Science Building 2432
Office Hours: 2:00-4:30pm, MWR

TAs and office hours

Murali Kuchibhotla

Zheng Xu

Office: 75 Heady hall

Office: 83 Heady Hall

Email: muralik@iastate.edu

Email: xuzheng@iastate.edu

Phone: 294-5452

Phone: 294-4864
OfficeHrs: 12:00-2:00pm, M, 1:00-2:00pm TW, 5:00-6:00pm T Office Hrs: 12:00-2:00 pm W, 2:00-5:00pm T


Syllabus
Announcement
    - The solution to the fouth homework has be available on line.
    - Solution to excercises on PV and FV and bond market are also available on line now.
    - The fourth exam will be held on July 6 at Food Sciences Building 2432, during our regular meeting time.
 


Schedule and Lecture Slides
1. Intruduciton to Economics and Preparations - Graphs and Other Tools
2. Scarcity, Opportunity Cost and Economic System
3. Theory of Supply and Demand
4. Elasticity
5. Govenement Intervention
6. Consumer Choice -  Mariginal Utility Approach
7. Consumer Choice -  Indifference Curve Approach
8. Consumer Choice -  Income Effect and Substitution Effect
9. Production Theory - Production and Cost
10. Production Theory - Producer's Choice
11. Market Structure - Perfect Competition
12. Market Structure - Competitive Market
13. Economic Efficiency
14. Market Structure - Monopoly
15. Market Structure - Monopoly, Price Discrimination and Regulation
16. Market Structure - Monopolistic Competition
17. Market Structure - Oligopoly and Game Thoery Approach
18. Financial Market - Present Value and Future Value
19. Financial Market -  Bond and Stock and Gambling

Homeworks

Scores

Exercise

Useful Links
Economists
Useful economics websites
Bureau of Labor Statistics


Li Yu's Homepage
Department of Economics
Iowa State University