Markets with Many Buyers and Sellers

Module IV

Materials are posted as we go. See the Schedule for dates and assessments.

Lecture 14: Classroom market experiment

Materials posted closer to the date.

Lecture 15: Cotton, war, and world markets: Supply and demand

Reading: 8.1–8.2

Materials posted closer to the date.

Lecture 16: Taking prices as given: Firms and consumers in competitive markets

Reading: 8.3–8.4

Materials posted closer to the date.

Lecture 17: Who gets what: Allocation, distribution, and the gains from trade

Reading: 8.5

Materials posted closer to the date.

Lecture 18: The quinoa boom: Shifts in supply and demand

Reading: 8.6

Materials posted closer to the date.

Lecture 19: Oil booms and busts: Market dynamics in the short run and long run

Reading: 8.7–8.10

Materials posted closer to the date.

Lecture 20: Salt taxes and rent control: Governments in the market

Reading: 8.12–8.13

Materials posted closer to the date.