ECO 150: Readings

This page includes readings for the course. These will often include chapters from the textbook. Keep in mind that we will not follow  the textbook too closely. As a result, some things from class may not appear in the book and vice-versa. In addition, there will typically be supplemental workshops or assigned readings for each topic.

Introduction: Scarcity and Tradeoffs: Supplemental Materials. Chapters 1 and 2 of the textbook provide a related treatment of this material.

Minimum wage discussion: op/ed by Alan Krueger     analysis by the Congressional Budget Office

Supply and Demand, Chapter 3 of the textbook discusses supply and demand

Inflation discussion: 1) the Fed’s actions, 2) how inflation affects different workers, and 3) how inflation affects debtors.  We will then finish supply and demand and begin the next topic: elasticities and costs.

Elasticities and Costs: Chapter 5 covers elasticities and Chapter 7 covers costs.

Discussion of economic evidence surrounding racial disparities in policing: writeup of Fryer visit to Bates. Fryer paper, NYT writeup of Fryer paper, comment on Fryer paper, and paper on disparities in traffic stops.

Market Failures. Parts of chapters 8,9, and 11 cover this material. We also used this supplemental worksheet.

Market Structure: Chapters 8 and 9 are the priority. They cover perfect competition and monopoly. Small parts of Chapters 10-11 are relevant as well. We also used this worksheet.

International Trade: Chapter 33 of the textbook

The Fed: Chapter 28 of the textbook. This background on the Fed, this discussion of the FOMC, this discussion of the Fed’s rationale, thsi analysis of the Fed’s decision to raise rates, and one more.

Macroeconomic Concepts: Chapters 19-20 of the textbook.

Labor Market: Chapter 21 of the textbook

Inflation and GDP: Chapters 19 and 21 of the textbook.

As/AD: Chapter 24 of the textbook

Growth: Chapter 20 of textbook.