3.1 — The Supply and Demand Model — Class Content
- Section 1: Wednesday, March 24, 2021
- Section 2: Thursday, April 8, 2021Section 2, because of no class on Thursday Feb 18 and Tuesday Mar 9, is 2 classes behind Section 1.
Today we bring supply and demand together to talk about equilibrium, and begin to discuss how markets work in the real world.
- Ch. 3 in Goolsbee, Levitt, and Syverson, 2019
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.
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:
- For Section 1 (M/W)
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.
- For Section 2 (Tu/Th)
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.