ECON 001B Principles of Microeconomics - West Valley College

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