Teaching Schedule

Semester
Book Chapter
Week/Lectu Topics to be covered
No.
re
Week 1
1. Introduction to Economics: Dominick Chapter 1
• How to define Salvatore and
economics? Eugene A. Diulio
• Normative economics 1995 Schaum’s
and positive Outlines
economics Principles Of
• Factors of production Economics (2 nd
• Economic systems ed.) Mc Graw-
Hill.
David Begg,
Stanley Fischer Chapter 1
and Rudiger
Dornbusch
Economics (6 th
ed.) Mc Graw-
Hill.

2. Introduction to Dominick Chapter 2

Economics(Contd.): Salvatore and
• Microeconomics and Eugene A. Diulio
macroeconomics 1995 Schaum’s
• Rational choice and Outlines
cost-benefit analysis Principles Of
• Opportunity cost Economics (2 nd
• The production ed.) Mc Graw-
possibility frontier Hill.
David Begg,
Stanley Fischer Chapter 1
and Rudiger
Dornbusch
Economics (6 th
ed.) Mc Graw-
Hill.

3. Demand supply & equilibrium: Dominick Chapter 3

• Shortage, surplus and Salvatore and
price mechanism Eugene A. Diulio
• Goods market and 1995 Schaum’s
factors market Outlines
 • Demand and law of Principles Of
demand Economics (2 nd
• Factors shifting ed.) Mc Graw-
demand curve Hill.

Week 2
4. Demand supply & Dominick Chapter 3
equilibrium(Contd.): Salvatore and
• Supply and law of Eugene A. Diulio
supply 1995 Schaum’s
• Factors shifting supply Outlines
curve Principles Of
Economics (2 nd
ed.) Mc Graw-
Hill.

5. Demand supply & Dominick Chapter 3

equilibrium(Contd.): Salvatore and
• Equilibrium Eugene A. Diulio
• Algebraic 1995 Schaum’s
representation of Outlines
equilibrium Principles Of
• Shifting of equilibrium Economics (2 nd
• Government and price ed.) Mc Graw-
determination Hill.

6. Elasticities: Dominick Chapter 14

• Types of elasticity Salvatore and
• Price elasticity of Eugene A. Diulio
demand 1995 Schaum’s
• Price elasticity of Outlines
supply Principles Of
• Income elasticity of Economics (2 nd
demand ed.) Mc Graw-
• Cross-price elasticity of Hill.
demand David Begg,
• Point elasticity Stanley Fischer Chapter 5
• Arc elasticity and Rudiger
Dornbusch
Economics (6 th
ed.) Mc Graw-
Hill.

Week 3
7. Elasticities (Contd.): Dominick Chapter 14
 Salvatore and
• Elastic and inelastic Eugene A. Diulio
demand 1995 Schaum’s
• Total revenue and Outlines
elasticity Principles Of
Economics (2 nd
• Determinants of price
ed.) Mc Graw-
elasticity of demand Hill.
• Effects of advertising
David Begg,
on demand curve Chapter 5
Stanley Fischer
and Rudiger
Dornbusch
Economics (6 th
ed.) Mc Graw-
Hill.
8. Elasticities (Contd.): David Begg, Chapter 5
• Determinants of Stanley Fischer
income elasticity of and Rudiger
demand Dornbusch
• Short run and long run Economics (6 th
• Incidence of taxation ed.) Mc Graw-
Hill.
9. Back Ground to Demand/ Dominick Chapter 15
Consumption: Salvatore and
• Total and marginal Eugene A. Diulio
utility 1995 Schaum’s
• Marginal utility analysis Outlines
Principles Of
Economics (2 nd
ed.) Mc Graw-
Hill.

Week 4
10. Back Ground to Demand/ Lecture handouts Lesson 4.2
Consumption (Contd.):
• The problem of
uncertainty
11. Back Ground to Demand/ David Begg, Chapter 6
Consumption (Contd.): Stanley Fischer
• The indifference curve and Rudiger
approach Dornbusch
• The budget line and Economics (6 th
indifference curves ed.) Mc Graw-
Hill.
12. Back Ground to Demand/ David Begg, Chapter 6
Consumption (Contd.): Stanley Fischer
• Normal goods and and Rudiger
giffen goods Dornbusch
• The income Economics (6 th
consumption curve ed.) Mc Graw-
(ICC) and price Hill.
consumption curve (
PCC)
• The substitution effect
• Limitations of
indifference approach

Week 5
13. Back Ground to Supply/Cost: Dominick Chapter 16
• Productive theory Salvatore and
• Production function Eugene A. Diulio
• The law of diminishing 1995 Schaum’s
marginal returns Outlines
Principles Of
Economics (2 nd
ed.) Mc Graw-
Hill.
David Begg,
Stanley Fischer Chapter 7,8
and Rudiger
Dornbusch
Economics (6 th
ed.) Mc Graw-
Hill.

14. Back Ground to Supply/Cost Dominick Chapter 16

(Contd.) Salvatore and
: Eugene A. Diulio
• The scale of production 1995 Schaum’s
• External economies Outlines
and diseconomies of Principles Of
scale Economics (2 nd
• The optimum ed.) Mc Graw-
combination of factors Hill.
David Begg,
Stanley Fischer Chapter 7,8
and Rudiger
Dornbusch
Economics (6 th
ed.) Mc Graw-
 Hill.

15. Back Ground to Supply/Cost Dominick Chapter 16

(Contd.): Salvatore and
• The concept of Eugene A. Diulio
isoquants 1995 Schaum’s
• Marginal rate of Outlines
technical substitution Principles Of
• Budget line Economics (2 nd
ed.) Mc Graw-
Hill.
David Begg,
Stanley Fischer Chapter 7,8
and Rudiger
Dornbusch
Economics (6 th
ed.) Mc Graw-
Hill.

Week 6
16. Back Ground to Supply/Cost Dominick Chapter 16
(Contd.): Salvatore and
• Costs Eugene A. Diulio
1995 Schaum’s
Outlines
Principles Of
Economics (2 nd
ed.) Mc Graw-
Hill.
David Begg,
Stanley Fischer Chapter 7,8
and Rudiger
Dornbusch
Economics (6 th
ed.) Mc Graw-
Hill.

17. Back Ground to Supply/Cost Dominick Chapter 16

(Contd.): Salvatore and
• Revenues Eugene A. Diulio
1995 Schaum’s
Outlines
Principles Of
Economics (2 nd
ed.) Mc Graw-
 Hill.
David Begg,
Stanley Fischer Chapter 7,8
and Rudiger
Dornbusch
Economics (6 th
ed.) Mc Graw-
Hill.

18. Back Ground to Supply/Cost Dominick Chapter 16

(Contd.): Salvatore and
• Profit maximization Eugene A. Diulio
1995 Schaum’s
Outlines
Principles Of
Economics (2 nd
ed.) Mc Graw-
Hill.
David Begg,
Stanley Fischer Chapter 7,8
and Rudiger
Dornbusch
Economics (6 th
ed.) Mc Graw-
Hill.

Week 7
19. Market Structures: Dominick Chapter 17
• Perfect competition Salvatore and
Eugene A. Diulio
1995 Schaum’s
Outlines
Principles Of
Economics (2 nd
ed.) Mc Graw-
Hill.
David Begg,
Stanley Fischer Chapter 9
and Rudiger
Dornbusch
Economics (6 th
ed.) Mc Graw-
Hill.

20. Market Structures (Contd.): Dominick Chapter 18

 • Monopoly Salvatore and
Eugene A. Diulio
1995 Schaum’s
Outlines
Principles Of
Economics (2 nd
ed.) Mc Graw-
Hill.
David Begg,
Stanley Fischer Chapter 9
and Rudiger
Dornbusch
Economics (6 th
ed.) Mc Graw-
Hill.

21. Market Structures (Contd.): Dominick Chapter 19

• Price discrimination Salvatore and
• Monopolistic Eugene A. Diulio
competition 1995 Schaum’s
Outlines
Principles Of
Economics (2 nd
ed.) Mc Graw-
Hill.
David Begg,
Stanley Fischer Chapter 10
and Rudiger
Dornbusch
Economics (6 th
ed.) Mc Graw-
Hill.

Week 8
22. Market Structures (Contd.): Dominick Chapter 19
• Oligopoly Salvatore and
Eugene A. Diulio
1995 Schaum’s
Outlines
Principles Of
Economics (2 nd
ed.) Mc Graw-
Hill.
David Begg,
Stanley Fischer
and Rudiger Chapter 10
 Dornbusch
Economics (6 th
ed.) Mc Graw-
Hill.

MID TERM EXAM

Week 9
MID TERM EXAM
23. Selected Issues in David Begg, Chapter 16
Microeconomics: Stanley Fischer
• Welfare economics and Rudiger
• The market for factors Dornbusch
of production Economics (6 th
ed.) Mc Graw-
Hill.

24. Selected Issues in David Begg, Chapter 16

Microeconomics (Contd.): Stanley Fischer
• The economics of and Rudiger
information products Dornbusch
Economics (6 th
ed.) Mc Graw-
Hill.

Week 10
25. Introduction to Dominick Chapter 4
Macroeconomics: Salvatore and
• The concept of Eugene A. Diulio
aggregate demand 1995 Schaum’s
aggregate supply Outlines
• The concept of invisible Principles Of
hands and Classical Economics (2 nd
economists ed.) Mc Graw-
Hill.

26. Introduction to Dominick Chapter 4

Macroeconomics (Contd.): Salvatore and
• The Great Depression Eugene A. Diulio
and Say’s law 1995 Schaum’s
• The Classical and Outlines
Keynesian views about Principles Of
great depression Economics (2 nd
ed.) Mc Graw-
Hill.
27. Introduction to Dominick Chapter 4,7
Macroeconomics (Contd.): Salvatore and
• Keynes demand Eugene A. Diulio
management policies 1995 Schaum’s
• Different school of Outlines
economics Principles Of
Economics (2 nd
ed.) Mc Graw-
Hill.

Week 11
28. Micro Economic data, Dominick Chapter 5
National Income: Salvatore and
• Use of microeconomic Eugene A. Diulio
data 1995 Schaum’s
• National income Outlines
accounting Principles Of
Economics (2 nd
ed.) Mc Graw-
Hill.
David Begg,
Stanley Fischer Chapter 20,
and Rudiger 21
Dornbusch
Economics (6 th
ed.) Mc Graw-
Hill.

29. Micro Economic data, Dominick Chapter 5

National Income (Contd.): Salvatore and
• National income Eugene A. Diulio
accounting 1995 Schaum’s
Outlines
Principles Of
Economics (2 nd
ed.) Mc Graw-
Hill.
David Begg,
Stanley Fischer Chapter 20,
and Rudiger 21
Dornbusch
Economics (6 th
ed.) Mc Graw-
Hill.
30. Macro Economic Equilibrium Dominick Chapter 6
and Variables: Salvatore and
• Macroeconomic Eugene A. Diulio
equilibrium 1995 Schaum’s
• Macroeconomic Outlines
variables Principles Of
Economics (2 nd
ed.) Mc Graw-
Hill.

Week 12
31. Macro Economic Equilibrium Dominick Chapter 6,7
and Variables (Contd.): Salvatore and
• Macroeconomic Eugene A. Diulio
variables 1995 Schaum’s
• Determination of Outlines
national income Principles Of
Economics (2 nd
ed.) Mc Graw-
Hill.

32. Macro Economic Equilibrium Dominick Chapter 7

and Variables (Contd.): Salvatore and
• The Keynesian Eugene A. Diulio
multiplier and 1995 Schaum’s
accelerator Outlines
Principles Of
Economics (2 nd
ed.) Mc Graw-
Hill.

33. Four big Macro Economic Dominick Chapter 5,12

Issues and their Relationship: Salvatore and
• Unemployment Eugene A. Diulio
1995 Schaum’s
Outlines
Principles Of
Economics (2 nd
ed.) Mc Graw-
Hill.
David Begg,
Stanley Fischer Chapter 27
and Rudiger
Dornbusch
Economics (6 th
 ed.) Mc Graw-
Hill.

Week 13
34. Four big Macro Economic Dominick Chapter 5,12
Issues and their Relationship Salvatore and
(Contd.): Eugene A. Diulio
• Unemployment(Contd. 1995 Schaum’s
) Outlines
• Inflation Principles Of
Economics (2 nd
ed.) Mc Graw-
Hill.
David Begg,
Stanley Fischer Chapter
and Rudiger 27,28
Dornbusch
Economics (6 th
ed.) Mc Graw-
Hill.

35. Four big Macro Economic Dominick Chapter 5,12

Issues and their Relationship Salvatore and
(Contd.): Eugene A. Diulio
• Inflation(Contd.) 1995 Schaum’s
Outlines
Principles Of
Economics (2 nd
ed.) Mc Graw-
Hill.
David Begg,
Stanley Fischer Chapter 28
and Rudiger
Dornbusch
Economics (6 th
ed.) Mc Graw-
Hill.

36. Four big Macro Economic David Begg, Chapter 29

Issues and their Relationship Stanley Fischer
(Contd.): and Rudiger
• Balance of payments Dornbusch
Economics (6 th
ed.) Mc Graw-
Hill.
Week 14
37. Four big Macro Economic Dominick Chapter 13
Issues and their Relationship Salvatore and
(Contd.): Eugene A. Diulio
• Balance of 1995 Schaum’s
payments(Contd.) Outlines
• Growth Principles Of
Economics (2 nd
ed.) Mc Graw-
Hill.
David Begg, Chapter 29,
Stanley Fischer 30
and Rudiger
Dornbusch
Economics (6 th
ed.) Mc Graw-
Hill.

38. Four big Macro Economic Dominick Chapter 13

Issues and their Relationship Salvatore and
(Contd.): Eugene A. Diulio
• Growth(Contd.) 1995 Schaum’s
Outlines
Principles Of
Economics (2 nd
ed.) Mc Graw-
Hill.
David Begg, Chapter 30
Stanley Fischer
and Rudiger
Dornbusch
Economics (6 th
ed.) Mc Graw-
Hill.

39. Four big Macro Economic Dominick Chapter 13

Issues and their Relationship Salvatore and
(Contd.): Eugene A. Diulio
• Relationship between 1995 Schaum’s
the “Big Four” Outlines
Principles Of
Economics (2 nd
ed.) Mc Graw-
Hill.
David Begg, Chapter 30
 Stanley Fischer
and Rudiger
Dornbusch
Economics (6 th
ed.) Mc Graw-
Hill.

Week 15
40. Fiscal Policy and Taxation: Dominick Chapter 8
• Fiscal policy Salvatore and
• Taxation Eugene A. Diulio
• Laffer curve 1995 Schaum’s
Outlines
Principles Of
Economics (2 nd
ed.) Mc Graw-
Hill.
David Begg, Chapter 22
Stanley Fischer
and Rudiger
Dornbusch
Economics (6 th
ed.) Mc Graw-
Hill.

41. Money, Central Banking and Dominick Chapter 9,

Monetary Policies: Salvatore and 10
• The concept of money Eugene A. Diulio
and Money supply 1995 Schaum’s
Outlines
Principles Of
Economics (2 nd
ed.) Mc Graw-
Hill.
David Begg,
Stanley Fischer Chapter
and Rudiger 23,24
Dornbusch
Economics (6 th
ed.) Mc Graw-
Hill.

42. Money, Central Banking and Dominick Chapter 9,

Monetary Policies (Contd.): Salvatore and 10
• Balance sheet of a Eugene A. Diulio
 bank 1995 Schaum’s
• The market for foreign Outlines
exchange Principles Of
Economics (2 nd
ed.) Mc Graw-
Hill.
David Begg,
Stanley Fischer Chapter
and Rudiger 23,24
Dornbusch
Economics (6 th
ed.) Mc Graw-
Hill.

Week 16
43. The IS-LM Framework: David Begg, Chapter 25
• Money market Stanley Fischer
equilibrium: The LM and Rudiger
curve Dornbusch
• Goods market Economics (6 th
equilibrium: The IS curve ed.) Mc Graw-
• The IS-LM framework Hill.
and fiscal-monetary Dominick
interactions Salvatore and Chapter 11
Eugene A. Diulio
1995 Schaum’s
Outlines
Principles Of
Economics (2 nd
ed.) Mc Graw-
Hill.
44. International Trade and Dominick Chapter 20
Finance: Salvatore and
• International trade Eugene A. Diulio
• Finance 1995 Schaum’s
Outlines
Principles Of
Economics (2 nd
ed.) Mc Graw-
Hill.
David Begg,
Stanley Fischer Chapter
and Rudiger 33,34
Dornbusch
Economics (6 th
ed.) Mc Graw-
 Hill.

45. Problems of Lower Income David Begg, Chapter 36

Countries: Stanley Fischer
• Development through and Rudiger
trade Dornbusch
• Development through Economics (6 th
resource transfer ed.) Mc Graw-
• Development through Hill.
stabilization and reform

FINAL TERM EXAM

** Assignment and quizzes schedule and weekly lecture schedule can be changed.
** Pop quizzes or Graded MDB can be announced at short notice by the
instructor.