What This Document Is
This is the third section of the syllabus for Economics 151, “Prices and Markets,” at the University of Delaware, taught by Dr. Charles Link in Fall 2013. It outlines the course schedule, readings, and expectations for a specific block of topics within the broader introductory microeconomics curriculum. This portion of the syllabus focuses on material leading up to and including the second examination.
Why This Document Matters
This syllabus section is essential for students enrolled in Economics 151 to understand the progression of the course and prepare effectively for assessments. It’s particularly useful for students wanting to plan their study schedule, identify key readings, and understand the relationship between lectures, assigned materials, and upcoming exams. Accessing this detailed syllabus segment will help you stay on track and maximize your learning in this crucial introductory economics course.
Topics Covered
* Market Structures and Capitalism
* Efficiency in Markets – including concepts of consumer and producer surplus
* Market Failures – focusing on public goods and externalities
* Price Elasticity of Supply and Demand
* Applications of Supply and Demand, Elasticities, and Policy – including tax incidence
* Course logistics related to assignments and examinations
What This Document Provides
* A detailed week-by-week schedule of topics covered in class.
* Specific reading assignments from the course textbook (McConnell-Brue) and supplemental “Course Readings” by Lieberman.
* References to supplementary materials, including video tutorials available on Sakai.
* Information regarding problem sets and their due dates.
* Guidance on utilizing CD-ROM modules associated with the textbook.
* Connections between real-world articles (e.g., from the Wall Street Journal) and core microeconomic principles.
