Unit 1-An Introduction To Economics, Efficiency,
and the Market System
Chapter 1 - Limits, Alternatives, and Choices:
What is Economics, the 5Es, and Making Choices
- Reading Assignments:
- Chapter 1 Appendix on Graphing: ALL
- Chapter 1: ALL
- Online
Lecture The online lecture is VERY IMPORTANT!
- "Efficient Allocation" pp. 56-57
- "Diminishing Marginal Utility" pp. 47 and 135
- Making Choices: Benefit Cost Analysis
- p. 5, "Marginal Analysis: Benefits and
Costs"
- pp. 13-14, "Optimal Allocation" (especially fig
1.3),
- p. 14, "The Economics of War" (box)
- p. 172, Last Word: "Don't Cry over Sunk
Costs"
- pp. 345-347, "Society's Optimal Amount of
Externality Reduction"
- pp. 347-348, "Climate Change"
- p. 462, "Optimal Immigration"
- Study Guide
- Chapter 1:
- Multiple Choice: # 1-7, 10-12, 14-24
- Problems: # 4, 5
- Chapter 1 Appendix:
- Multiple Choice: # 1, 2, 6, 11, 12 15, 16,
17
- Problems: # 1a, 1b, 2a, 4
- Chapter 16:
- Multiple Choice: # 9 (note: the correct answer
is that the government should spend $7 million),
18, 19, 20, 21
- Problems: #2
- Worked Problems: 1.1 and 1.2 @ http://www.mcconnell18e.com
- Web Quizzes [Chapter 1] at http://www.mcconnell18e.com:
ALL questions
- End-of-Chapter Key Questions:
[the answers to the key questions can be found on our
Blackboard
site]
- Chapter 1: # 1-5, 1-7, 1-10, 1-11, 1-13, 1-14
- Chapter 16: 16-3
Chapter 2 - The Market System and the 5 Es
- Reading Assignments:
- Study Guide - Chapter 2
- Multiple Choice: # 1-3, 6, 7, 9, 11, 12, 13,
19-25
- Problems: # 1, 4
- Web Quizzes [Chapter 2] at http://www.mcconnell18e.com:
ALL
Chapter 3 - Demand, Supply, and Market Equilibrium --
and the 5Es
- Reading Assignments:
- Study Guide
- Ch.3
- Multiple Choice: # 1-28
- Problems: # 1-6, 8
- Ch. 3 Appendix
- Multiple Choice: #1-8, 11-15
- Problems: # 1, 2
- Ch. 6
- Multiple Choice: # 25-30
- Problems: # 7, 8, 9
- Worked Problems 6-3 at http://www.mcconnell18e.com
- Web Quizzes at http://www.mcconnell18e.com
- End-of-Chapter Key Questions: # 3-3, 3-6, 3-8, 3-9,
3-14, 6-15
[the answers to the key questions can be found on our
Blackboard
site]
Chapter 4 and 16 - The Public Sector
(Government)
- Reading Assignments:
- Ch. 3 - "Application: Government Set Prices", pp.
59-62
- Ch. 3 - "Last Word: A Legal Market for Human
Organs?", pp. 60-61
- Ch. 4 - "The Public Sector: Government's Role",
pp. 78-83
- Ch.16 - Public Goods and Externalities, pp.
335-348
- Study Guide
- Chapter 3
- Multiple Choice: # 29, 30
- Problems: # 7
- Chapter 4
- Multiple Choice: # 9-17
- Problems: # 2
- Chapter 16
- Multiple Choice: #1-5, 10-16, 18-21
- Problems: # 2-5
- Worked Problems 16-1 at http://www.mcconnell18e.com
- Web Quizzes at http://www.mcconnell18e.com
- Chapter 4: # 6, 7, 10
- Chapter 16: # 1-3, 5-8
- End-of-Chapter Key Questions: # 3-14, 4-9, 16-1,
16-2
[the answers to the key questions can be found on our
Blackboard
site]
Unit 2 - Elasticity, Consumer Decisions, and
Costs of Production
Chapter 6 - Extensions of Demand and Supply Analysis -
Elasticity
- Reading Assignments:
- Ch. 6 pp. 113-126
- Ch. 6 Last Word p. 130
- Ch. 17 "Tax Incidence and Efficiency Loss", pp.
365-370
- Study Guide
- Chapter 6
- Multiple Choice: # 1-17, 19-24
- Problems: # 1-6
- Chapter 17
- Multiple Choice: #14-24
- Proplems: # 1, 2
- Worked Problems 6.1 and 6.2 at http://www.mcconnell18e.com
- Web Quizzes at http://www.mcconnell18e.com
- Chapter 6: # 1-4, 6, 7, 9, 10
- Chapter 17: # 2, 8
- End-of-Chapter Key Questions: # 6-2, 6-3, 6-4, 6-5,
6-8, 6-9, 6-10, 17-9
[the answers to the key questions can be found on our
Blackboard
site]
Chapter 7 - Consumer Behavior and Utility
Maximization
Chapter 8 - The Costs of Production
- Reading Assignments: ALL
- Study Guide - Chapter 8
- Multiple Choice: # 1-12, 15-18, 20-30
- Problems: # 1-3, 5-8
- Worked Problems 8.1, 8.2, and 8.3 at http://www.mcconnell18e.com
- Web Quizzes at http://www.mcconnell18e.com:
ALL
- End-of-Chapter Key Questions: # 8-2, 8-4, 8-7,
8-10
[the answers to the key questions can be found on our
Blackboard
site]
Unit 3-Product Markets: Decision Making and
Efficiency
Chapter 9 - Pure Competition
- Reading Assignments: Chapter 9 ALL
- Study Guide - Chapter 9
- Multiple Choice: # 1-7, 9-15, 17, 19, 21-30
- Problems: # 1-4, 7
- Worked Problems 9.1, 9.2, 9.3 at http://www.mcconnell18e.com
- Web Quizzes at http://www.mcconnell18e.com:
# 1, 3-10
- End-of-Chapter Key Questions: # 9-3, 9-4, 9-6,
9-7
[the answers to the key questions can be found on our
Blackboard
site]
Chapter 10 AND 18 - Pure Monopoly and
Regulation
- Reading Assignments:
- Ch. 10 ALL
- Ch. 18: pp. 375-384, 386-87 (Last Word)
- Study Guide
- Chapter 10
- Multiple Choice: # 1-15, 18-25
- Problems: # 1, 2, 3, 4
- Chapter 18
- Multiple Choice: # 1, 9, 10, 11, 14, 16, 18,
19
- Problems: # 3
- Worked Problems # 10.1 and 10.2 at http://www.mcconnell18e.com
- Web Quizzes at http://www.mcconnell18e.com
- Chapter 10: ALL
- Chapter 18: # 4, 5, 8, 9
- End-of-Chapter Key Questions: # 10-4, 10-5, 18-5,
18-10
[the answers to the key questions can be found on our
Blackboard
site]
Chapter 11 - Monopolistic Competition and
Oligopoly
- Reading Assignments:ALL
- Study Guide - Chapter 11
- Multiple Choice: # 1-19, 23-27, 30
- Problems: # 1, 2, 4
- Worked Problem 11.1 at http://www.mcconnell18e.com
- Web Quizzes at http://www.mcconnell18e.com:
# 1, 2, 4, 5, 7, 8
- End-of-Chapter Key Questions: # 11-2, 11-7, 11-9,
11-11
[the answers to the key questions can be found on our
Blackboard
site]
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Unit 4-Resource Markets: Decision Making,
Efficiency, and Equity
Chapter 12 - The Demand for Resources
Chapter 13 - Wage Determination (appendix:
Unions)
Chapter 20 - Income Inequality, Poverty, and
Discrimination
Chapter 22 - Immigration
- Reading Assignments:
- Web Quiz at http://www.mcconnell18e.com
- Study Guide - Chapter 22
- Multiple Choice: #
- Problems: #
- End-of-Chapter Key Questions: #
[the answers to the key questions can be found on our
Blackboard
site]
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