Econ 2 - Introduction to Economics

Fall 2024 - Taught by Emmanuel Saez


Econ 2 provides an overview of the field of economics. It covers both microeconomics, the study of consumer choice, firm behavior, and market interaction, and macroeconomics, the study of economic growth, unemployment, and inflation. Econ 2 has longer lectures than Econ 1. Econ 2 covers topics in greater depth with more connection with current economic research. The required material includes both the standard textbook material as well as more technical academic papers from the current economic literature. It is particularly suited for intended economics majors.


		
	Each lecture is posted in pdf format with linked references. The source pptx files so that you can use and adapt this material for your own lectures (no permission needed). Slides will be updated before each lecture. The slides posted here were developed using slides shared by Christy and David Romer and other colleagues. 



	Lecture attendance and quizzes/polls managed through  i-clicker cloud 	


		
	 B-course website (recordings and messages)
				
	


	
	Syllabus 

		


	Lecture Slides:

	
	
Introduction (updated 2024)   
		 (pptx) 

		
 Scarcity and Choice (updated 2024) 
		 (pptx) 
		


Supply and Demand (updated 2024)  
		 (pptx) 


 Welfare Analysis (updated 2024) 
		 (pptx) 

		
 Extensions of Supply and Demand (updated 2024) 
		 (pptx) 

		
 Consumers and Utility Maximization (updated 2024) 
		 (pptx) 

		
 Firms and Profit Maximization 
		 (pptx) 

		
  Monopoly and Market Power  
		 (pptx) 

		
 Externalities and Climate Change   
		 (pptx) 

		
 Labor and Wages   
		 (pptx) 

		
 Inequality   
		 (tex) 

		
 Capital, Interest, and Wealth   
		 (pptx) 

		
  International Trade  
		 (pptx) 

		
  Macroeconomic Measurement  
		 (pptx) 

		
 Long-run Economic Growth 
		 (pptx) 

		
  Saving and Investment in the Long Run  
		 (pptx) 

		
  Short-run Macro Fluctuations  
		 (pptx) 

		
  Fiscal Policy  
		 (pptx) 

		
  Monetary Policy  
		 (pptx) 

		
 Inflation   
		 (pptx) 

		
 International Macroeconomics   
		 (pptx) 


	

Problem Sets:

	
	
Problem Set 1  (due date: September 23, 11:59pm, posts 2 weeks before)   solutions (available after due date)
	
	
Problem Set 2  (due date: October 14, 11:59pm, posts 2 weeks before)   solutions (available after due date)

	
Problem Set 3  (due date: November 4, 11:59pm, posts 2 weeks before)   solutions (available after due date)

	
Problem Set 4  (due date: November 25, 11:59pm, posts 2 weeks before)   solutions (available after due date)


	

Midterms and Final:

		
				
	
PRACTICE Midterm 1 from Fall 2023  
	  solution 
															
																																									
	
Midterm 1  (in class 5:10pm-6:30pm: October 9)  solution (available after midterm) 

	
PRACTICE Midterm 2 from Fall 2023  
	  solution 
															
																																									
	
Midterm 2  (in class 5:10pm-6:30pm: November 13)  solution (available after midterm) 
				

	
PRACTICE Final Exam from Fall 2023    solution
					 
		
	
Final Exam   (Friday 3-5pm: December 20)  solution