3.1 — The Supply and Demand Model — Class Content



Today we bring supply and demand together to talk about equilibrium, and begin to discuss how markets work in the real world.




Problem Set 4 Due Sun Mar 28/Apr 4

Problem set 4 (on 2.4-2.6) is due by 11:59 PM Sunday March 28 (Section 1 M/W) and Sunday April 4 (Section 2 Tu/Th) by PDF upload to Blackboard Assignments.

Exam 2

We are ready for Exam 2. However, this semester has an awkward schedule, for two reasons: first is Section 2 is a full week behind Section 1 due to Spring Break days, and second is that next week is “Wellness week” and I cannot give an exam during that week. Thus:

We will proceed with 3.1 and 3.2 for the next two classes (Wed Mar 24 and Mon Mar 29) and have a review session on Wed Mar 31 for Exam 2. Topics 3.1 and 3.2 will not be on Exam 2, but will be on the Final Exam.

We will catch up and finish 2.6 on Tues Mar 30, and have a review session on Thur April 1.

Both sections will have Exam 2 the week of April 5.