Topic 1: Introduction to Economics

• Principles of Economics pertaining to Microeconomics
• Opportunity Costs, Trade-offs and Incentives
• Gains from Trade

Readings: Mankiw Chapters 1, 2, and 3

Topic 2: Supply, Demand and Markets

• Demand, Supply and Market Equilibrium
• Demand and Supply Elasticity
• Supply, Demand and Government Policies
• Market Efficiency, Taxation

Readings: Mankiw Chapters 4 through 8

Topic 3: Consumer and Production Theory

• Consumer Choice
• Firms and Production Choice
• Market Structures: Competitive Equilibrium to Monopoly
• Oligopoly and Game Theory

Readings: Mankiw Chapters 21 and 13 through 17

Topic 4: Market Efficiency and Market Failure  (Time Permitting)

• Externalities
• Public Goods

Readings: Mankiw Chapters 9 through 11