ECON 001B Principles of Microeconomics - West Valley College
ECON 001B Principles of Microeconomics - West Valley College
ECON 001B Principles of Microeconomics - West Valley College
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Tentative List <strong>of</strong> Topics and Readings<br />
Note: This list will be updated periodically. Please check the course webpage on Aplia for the<br />
most up-to-date list <strong>of</strong> topics and readings.<br />
Week Topics Readings<br />
1<br />
Overview and introduction, 10 basic principles <strong>of</strong><br />
economics, review <strong>of</strong> graphing<br />
2 The market forces <strong>of</strong> supply and demand Ch. 4<br />
3-4<br />
5<br />
Elasticity and its applications; Supply, demand, and<br />
government policies<br />
Consumers, producers, and the efficiency <strong>of</strong> markets<br />
Ch. 1, 2, Ch. 2 appendix<br />
Ch. 5, 6<br />
Ch. 7<br />
6 Taxation; The tax system Ch. 8, 12<br />
7 Externalities; Public goods and common resources Ch. 10, 11<br />
8<br />
9<br />
MIDTERM EXAMS:<br />
(Wed.) for MW class<br />
(Thur.) for TTh classes<br />
BREAK<br />
10 Costs <strong>of</strong> production; Theory <strong>of</strong> the firm Ch. 13, 14, 15<br />
11 Monopoly Ch. 15<br />
12 Oligopoly; Monopolistic competition Ch. 16-17<br />
13-14<br />
15<br />
16<br />
Market for factors <strong>of</strong> production; Earnings and<br />
discrimination, income inequality and poverty<br />
Theory <strong>of</strong> consumer choice; Comparative advantage;<br />
International trade; Frontiers <strong>of</strong> microeconomics<br />
FINAL EXAMS<br />
To Register for Aplia<br />
Ch. 18, 19-20<br />
Ch. 21, 3, 9, 22