Foundations + time · Week 01
Course roadmap and microeconomics toolkit
Begin with the syllabus and semester outline, then refresh the market tools we will use throughout natural resource economics.
Aug 24–28First course meeting · Aug 24
Focus
- Course purpose and semester structure
- Supply, demand, and equilibrium
- Consumer, producer, and total surplus
Prepare
- Read the syllabus
- Review prior microeconomics notes
- No reading from TL Chapter 1
Practice
- Locate course materials and deadlines
- Draw and solve a market
- Measure consumer and producer surplus
Guiding question
How will the course connect individual market choices to resource stocks, social value, and public policy?
Learning targets
- Locate the syllabus, weekly roadmap, course materials, and Brightspace.
- Summarize the four parts of the semester and the major assessments.
- Find a competitive equilibrium and explain the adjustment process.
- Use consumer and producer surplus to evaluate a market allocation.
Class plan
| Move | What we will do |
|---|---|
| Orient | Use Lecture 1 to review the syllabus, expectations, and semester path |
| Diagnose | Complete an ungraded supply-and-demand graph check |
| Review | Use Lecture 2 to refresh equilibrium and welfare analysis |
| Connect | Identify the market tools that later resource models will extend |