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Economics 14

Economics 14 Lecture Notes
Spring 2000

Basic Principles

Scarcity and Choice

• Lecture 1: (1/10/00) - What is Economics About?
• Lecture 2: (1/12/00) - Scarcity and Choice
• Lecture 3: (1/14/00) - Production Possibilities Curve
• Lecture 4: (1/17/00) - Gains from Trade
• Lecture 5: (1/19/00) - A Tour of the Economy

Supply and Demand

• Lecture 6: (1/21/00) - Markets and Prices
• Lecture 7: (1/24/00) - Double Oral Auction
• Lecture 8: (1/28/00) - Market Equilibrium
• Lecture 9: (2/2/00) - Shifts of the Demand Curve
• Lecture 10: (2/4/00) - Shifts of the Supply Curve
• Lecture 11: (2/7/00) - Price Ceilings and Floors

Economic Efficiency

• Lecture 12: (2/9/00) - Market Efficiency
• Lecture 13: (2/11/00) - Elasticity of Demand
• Lecture 14: (2/14/00) - Who Pays the Sales Tax?

Why Are Some So Rich and Some So Poor?

Measuring National Income

• Lecture 15: (2/16/00) - National Income Accounting, Part 1
• Lecture 16: (2/21/00) - National Income Accounting, Part 2

What Do We Know About Economic Growth?

• Lecture 17: (2/25/00) - Characteristics of Rich and Poor Nations
• Lecture 18: (2/28/00) - Productivity and Growth

Why Is There Unemployment?

• Lecture 19: (3/1/00) - Unemployment

Firms, Markets, and Profits

Profit Maximization

• Lecture 20: (3/3/00) - Profit Maximization

Economics of the Environment

Market Failure

• Lecture 21: (3/13/00) - Externalities and Public Goods

The Optimal Level of Environmental Quality

• Lecture 22: (3/15/00) - Pollution Damages and Abatement

Environmental Policy in the United States

• Lecture 23: (3/17/00) - Environmental Policy, Part 1
• Lecture 24: (3/20/00) - Environmental Policy, Part 2

Economic Policy

Social Security

• Lecture 25: (4/3/00) - Social Security

International Trade

• Lecture 26: (4/5/00) - Winners and Losers from International Trade
• Lecture 27: (4/7/00) - Trade Policy

Monetary Policy

• Lecture 28: (4/12/00) - What is Money?
• Lecture 29: (4/14/00) - More About Money
• Lecture 30: (4/17/00) - Money Creation Process
• Lecture 31: (4/19/00) - The Federal Reserve

How Do Fiscal and Monetary Policy Affect the Economy?

• Lecture 32: (4/21/00) - Aggregate Demand and Aggregate Supply
• Lecture 33: (4/24/00) - Monetary Policy
• Lecture 34: (4/26/00) - Fiscal Policy

Review

• Lecture 35: (4/28/00) - Review

David A. Latzko Business and Economics Division Pennsylvania State University, York Campus office: 13 Main Classroom Building phone: (717) 771-4115 fax: (717) 771-4062 DXL31@psu.edu www.yk.psu.edu/~dxl31