Temple University
Department of Economics

Economics 92 Honors
Principles of Economics

I am hoping that this course will open many new worlds for you, hence the theme music on this page.

 

Date Topic Text: Dutta Homework linked here is due on the date shown in the row Other Reading
Wednesday
January 22		 Introduction      
Monday
January 27		 Production Possibilities Frontiers: All about Opportunity Cost : 1, 2

Some Remarks

     Production Possibilities
Wednesday January 29 Supply and Demand: Equilibrium, Taxes, Surpluses and Shortages : 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11   Hwk 1: PPF & Comparative Advantage Supply and Demand

Elasticity

 
Monday
February 3		 More Supply and Demand

Further Remarks

      
Wednesday
February 5		 An Introduction to Probability Chapter 26 Hwk 2: Supply and Demand  
Monday 
February 10		 More probability and expectation      
Wednesday
February 12		 Two First Looks: Applications and Theory

and

Some Classic Strategic Form Games

 Chapters 1&2 Hwk 3: Probability and Expectation An Intro to games
Monday
February 17		 Strategic Form Games and Dominant Strategies Chapter 3 Hwk 4: First Games Solutions to Games
Wednesday
February 19		 Dominance Solvability Chapter 4    
Monday
February 24		 Nash Equilibrium Chapter 5   Multiple Nash equilibria
Wednesday
February 26		 Nash Equilibrium: The Cola Wars      
Monday
March 3		 An Application: The Commons Problem Chapter 7 Hwk 5: IEDS and Nash Equilibrium  
Wednesday March 5 Midterm Exam

Version 1 Key

Version 2 Key

(Check the lower left margin for your version)
Monday March 10 Spring Break: No Classes
Wednesday
March 12
Monday
March 17		 Mixed Strategies Chapter 8    
Wednesday
March 19		 Mixed Strategies      
Monday
March 24		 Two Applications: Monopoly and Bankruptcy Chapter 9 Hwk 6: Mixed Strategies

Key

  
Wednesday
March 26		 Extensive Form Games

Games with Perfect Information

Backward Induction

Zermelo's Theorem

IEDS and Backward Induction

Poison Pills

Commitment
  1. The Marriage Proposal
  2. Kidnapped
  3. Netsoft v. Microscape
  
Research and Development
  

 Chapter 11    
Monday
March 31		 Repeated Games: Treasury Bill Auctions Chapter 14 Hwk 7: Extensive Form with Perfect Information  
Wednesday
April 2		 Subgame Perfect Equilibrium

Buck's Bolts

Involuntary Unemployment

 Chapter 13    
Monday
April 7		 Subgame Perfect Equilibrium: George and Gina   Hwk 8: Extensive Form with Imperfect Information

Key

  
Wednesday
April 9		 Incomplete Information: Part I Static Games Chapter 20    
Monday
April 14		 Incomplete Information: Part I Static Games      
Wednesday
April 16		 Notes on Auctions

An essay on auctions

 

 Chapters 22 &23 Hwk 9: Static Game with Incomplete Information Agorics, Inc on Auctions

Going, Going, Gone by Loretta Mester

Vickrey Auctions in Practice by David Lucking Reiley
Monday
April 21		 More Auctions      
Wednesday
April 23		 More Auctions      
Monday
April 28		 Incomplete Information Part II: Dynamic Games Chapter 24 Hwk 10: Auctions  
Wednesday
April 30		 Incomplete Information Part II: Dynamic Games      
Monday
May 5		 Lemons   Hwk 11: Dynamic Game with Incomplete Information  
Friday
May 9		 Final Exam: 2 PM - 4 PM

Sample Exam