Week 2

Microeconomics Review; Externalities

Author

Byeong-Hak Choe

Published

September 2, 2025

Modified

September 3, 2025

In Week 2, we will wrap up welfare analysis in competitive markets using the supply–demand framework, then move on to environmental externalities and contrast that with the standard competitive-market analysis from the microeconomics review.

🏫 Lecture Slides

Lecture 3 - Microeconomics Review

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Lecture 4 - Externalities

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πŸŽ₯ Looking for lecture recordings? You can only find those on Brightspace.

✍️ Classwork

🚧 Classwork 1 reviews the welfare analysis of equilibrium in a competitive market. 🚧
- In particular, Question 1(e) introduces an alternative framework for analyzing welfare in a market economy.

πŸ’¬ Discussion

Welcome to our Week 2 Discussion Board! πŸ‘‹

This space is designed for you to engage with your classmates about the material covered in Week 2.

Whether you are looking to delve deeper into the content, share insights, or have questions about the content, this is the perfect place for you.

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