ECON 101, Introduction to Economics
College of Charleston
Spring 2018 | Doug Walker

** Everything on this page is subject to change. Exam dates will be announced in class and listed here when scheduled. Last updated: 4/17/18.**

(Walker book sections)

Crash Course

Mankiw, 8th ed.


Video Programs & 
Other Materials

Miscellaneous Readings

A. Overview of Economics
(book pages)

Ch. 1,2;
Appendix to Ch. 2

Intro; 1-3
(skip section on GE, pp. 29-31)

Ch. 1-3

Rotfeld: Libraries, Learning, and Dirty Sandals
Williams: Economic Lunacy
Stossel: Why Are Politicians So Ignorant...?

Appendix A. Economics and the "Big Picture"
(book pages)
Heyne: Why Does Johnny So Rarely Learn Any Econ?
Higgs:  Hate Corporations and Love Governments - an Idealogical Monstrosity
Stapleton:  You're Afraid of Power, Not Trump

B. Specialization and Trade
(book pages)

Ch. 3

Ch. 5

Ch. 7, 8
Practice Problems #1 (key)

Landsburg: An Outsourcing Fable
Landsburg: The New Racists

Horwitz: Why Trump and Sanders See Losers...

C. Marginal Cost and Supply

Ch. 4,
pp. 65-67; 73-76

  Company Profit Survey
D. Marginal Benefit and Demand

Ch. 4, pp. 67-72
E. Markets and Price Determination

Ch. 4, pp. 76-85
Practice Probloems #2 (key)

F. Markets and Economic Efficiency

Ch. 7

Ch. 4,8

Ch. 14, 15, 22

Williams: Capitalism and the Common Man
Williams: Caring vs. Uncaring

G. Government Price Controls

Ch. 6, pp. 111-120

Ch. 16-19
Stossel on Rent Controls

Stossel on Agr Subsidies

SC 2011 wholesale gas price cap
Williams: Basic Economics
Stossel: In Praise of Price Gouging

Exam 1: Tuesday, February 27
Covers all material from lectures A-G
H. Elasticity

Ch. 5, pp. 95-96
Ch. 10

Williams: Drugs, Economics & Liberty
MSNBC: Global War on Drugs Has Failed
FYI: Medical marijuana state map

I. International Trade Policy

Ch. 9

Ch. 21

Ch. 10-12
Intl Trade Commission tariff search

Chapman: Trump Tariffs are Not About...
Bastiat: A Petition
Krugman: In Praise of Cheap Labor
Williams: Trade Deficit Nonsense

J. Market Failures

Ch. 10,11

Ch. 9, 14


The Economist: State and Market
Stossel: The Busybodies are at it Again

K . Overview of the U.S. Economy
#5 | #12 Ch. 4, 5
L. Macroeconomic measurement & economic growth #6  Ch. 15, 16, 17
M. Financial, credit, & money markets; interest & exchange rates #9 | #11  Ch. 18, 21, 22
Ch. 6, 12, 15-17
 Ch. 25

N. Monetary & fiscal policy
(read "Other inflation issues," although I won't test you on it)
#8 | #10 | #13| #14 (Ch. 23, 24)
O. The U.S. tax system & alternatives (updated notes)
EXAM 2: Thursday, April 19
(Tentatively) covers all lectures (H-N)

FINAL EXAM:  Tuesday, May 1, 9:30-11:00am, Tate 131
[Please come to the classroom between 9:00 and 9:30 to complete the teaching evaluation for the course.]

Final Exam is comprehensive, covering everything from the lecture material.
It excludes Hazlitt, Landsburg, videos, and "miscellaneous readings".