Principles of
Microeconomics

Review Sheets

Below are links to review sheets for my Principles of Macroeconomics class.  They are in the order in which they will be covered.  The text to which they refer is Microeconomics by N. Gregory Mankiw (4th ed.). 
The reviews are in AdobeÒ  AcrobatÒ (pdf) format.  You need Acrobat ReaderÒ (5.0 or higher) to view these.

Chapter 1
What is (micro)economics?		   The Market Miracle
Markets don't just work.  They work pretty darned well in most cases.
Chapter 1 Handout
Bring on Wed Aug 23 &  Fri Aug, 25 		   Chapter 6
Govt Intervention:  Price controls & taxes
Chapter 2
How Economics Works		   Chapter 8 ... & 12
The Costs of Taxation
Taxation and Equity

Handout On the Progressivity of the U.S. Tax System
Chapter 3
International Trade Theory		   Chapter 10
Externalities
Comparative Advantage (In class) Problems
We will start this in class Fri. 15 Sept.		   More Chapter 10
Tradable Pollution Permits

Learning to Love Globalization
by Deirdre McCloskey
Eastern Economic Journal, Winter 99

Also read Mankiw, Chapter 9 pp 187-195
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Principles of International Trade:  Comparative Advantage & Productivity
(  instructor overheads )

   Chapter 13
Costs of Production
Chapter 4
Supply & Demand		   Chapter 14
Competitive Markets
Chapter 5
Elasticity		   The Firm's Optimal Decisions

Key to selected questions
Chapter 7
Consumer & Producer Surplus		   Chapter 15
Monopoly
The Central Planner vs Markets
Considering the # of possible permutations, it's amazing markets work at all		   Chapter 16
Oligopoly

Handout for Class