Syllabus, 4th Unit, Economics 423, Fall 2009, Professor Hackett

 

This 4th unit "lab" session meets on Wednesdays at 10 am in GH 215. Note that this syllabus supplements the overall course syllabus used in the course, which contains contact information and class policies.

 

We will engage in two different types of activity in our weekly lab meetings during the semester:

 

1. Lecture/Discussion: This portion of the lab will serve as an extension of the material covered in the course. In general we will use this time to develop simple math models of the material covered in the 3 unit lecture portion of the course.

 

2. Development of Excel simulation models. I will provide some assistance with these in class, and you will do the rest as homework. You will print out your work and turn it in. They will then be corrected, graded, and returned. Note that Economics majors need to save a permanent archive disk copy of all of their Excel simulations for their Econ 490 capstone portfolios before they graduate

 

Your grade for this 4th unit will be based on a simple average of your Excel simulations.

 

Schedule:

 

·         Week 1 (26 Aug): Introductions, review of syllabus, discussion of assignments. Review of some basic Excel.

·         Week 2 (2 Sep): FURLOUGH DAY

·         Week 3 (9 Sep) Lecture/Discussion: Algebraic equilibrium analysis of competitive markets and welfare. Click here for lecture outlines. Homework: Start first Excel assignment (competitive markets).

·         Week 4 (16 Sep): Help session for the first Excel assignment. Click here to see a sample Excel exercise with some useful tips.

·         Week 5 (23 Sep): First Excel assignment DUE. Review the solutions, correct the Excel work. Lecture/Discussion: Algebraic equilibrium analysis of competitive markets and welfare with negative externalities.

·         Week 6 (30 Sep): Lecture/discussion: Finish up the algebraic equilibrium analysis of competitive markets and welfare with negative externalities. Click here for the PowerPoint lecture outlines. Homework: Start second Excel assignment from handout given in class (negative externalities).

·         Week 7 (7 Oct): Second Excel assignment DUE. Review the solutions, correct the Excel work. Review for exam.

·         Week 8 (14 Oct): Lecture/discussion: Model of the dynamically efficient allocation of a non-renewable resource and Hotelling's rule. Click here for a link to Powerpoint slides on this material, and here for an Excel simulation. No Hotelling homework assignment.

·         Week 9 (21 Oct): Lecture/discussion: Bioeconomics of a marine capture fishery. Click here for the PowerPoint lecture outlines. Homework: Start third Excel assignment (bioeconomics of a fishery).

·         Week 10 (28 Oct): Finish lecture/discussion of bioeconomics of a marine capture fishery. Help session for the third Excel assignment if time permits.

·         Week 11 (4 Nov): Third Excel assignment DUE. Review the solutions, correct the Excel work. Lecture/Discussion: Forestry economics.

·         Week 12 (11 Nov): VETERANS DAY NO CLASS

·         Week 13 (18 Nov): Lecture/Discussion: Finish up forestry economics. No forestry homework assignment. Review for exam.

·         THANKSGIVING WEEK 25 Nov

·         Week 14 (2 Dec): Lecture/discussion: CEQA EIR land use space absorption and physical blight. Click here for the PPT slides. Homework: Start fourth Excel assignment (space absorption analysis and physical blight click here for space absorption Excel homework assignment).

·         Week 15 (9 Dec): Fourth Excel assignment DUE. Review the solutions, correct the Excel work.