Week 2: PPF, Supply and Demand

Week 2 Sunday 2.1.2015

Module 3 The Production Possibilities Frontier Model

Required Resources: Read Krugman and Wells Module 3

Review Module 3 Slides

Recommended Resources:

Multimedia: http://www.econocast.net/prinmacro/ppf-intro.html

Multimedia: http://www.econocast.net/prinmacro/ppf-shifts.html

Multimedia: http://www.econocast.net/prinmacro/opcosts.html

The Legend of John Henry’s Hammer gives a sense of the classic labor capital tradeoff we face with new technology.

Multimedia: http://dirkmateer.com/media/Music/the-legend-of-john-henry-s-hammer

Module 5 Supply and Demand: Introduction and Demand

Required Resources: Read Krugman and Wells Module 5

Review Module 5 Slides

Recommended Resources:

Multimedia: http://www.econocast.net/prinmacro/sd.html

Multimedia: http://www.econocast.net/prinmacro/sd-intro.html

Active Learning: Candy Bar Auction

Module 6 Supply and Demand: Supply and Equilibrium

Required Resources: Read Krugman and Wells Module 6

Review Module 6 Slides

Recommended Resources:

Multimedia: http://www.econocast.net/prinmacro/supply-shifts.html

Multimedia: Video/Podcast on Supply. http://www.stlouisfed.org/education_resources/economic-lowdown-podcast-series/supply/ (Length 3min57sec)

Further Resources: “Basic Economics” Def Jam Poetry

Multimedia: http://www.youtube.com/watch?v=Y-8NuZZPD9E (Length 3min12sec)

Assessment: Complete Quiz#2 By Sunday 2.1.2015 in D2L