As an instructor and/or teaching assistant, I have prepared handouts for various classes. These materials are linked below, along with links to the course website describing the original material. If you have any questions or comments regarding the material, please feel free to email me. For further information on the topics covered in each course, click on the course number.

Introductory Microeconomics

  1. Advantage and Trade: How individuals with absolute advantage can still gain from engaging in trade due to comparative advantage.

  2. Opportunity Cost and Gains from Trade: More examples of how different opportunity costs and comparative advantage lead to gains from trade.

  3. Elasticity: An introduction to the math behind calculating basic elasticities.

  4. Introduction to Monopolies: How to find the profit maximizing quantity and price under a monopoly.

  5. Public Goods and Externalities: An introduction to public goods and their complications.

Intermediate Microeconomics

  1. Preferences and Utility: Examples of how to move from preference relations to utility functions.

  2. Basics of Demand: The basics of demand functions : what they mean, what they do, and why we care.

  3. Examples of Deriving Demand Functions: How to derive demand functions from various preference relations (perfect substitutes, perfect compliments, Cobb-Douglas, and Quasi-Linear).

  4. EV and CV Descriptions and Examples: How to calculate equivalent variation (EV) and compensating variation (CV).

Intermediate Macroeconomics

  1. Trade in an Open Economy: An introduction to trade models (based on Chapter 5 of Macroeconomics, N. Gregory Mankiw, 6th ed.)

  2. The Basics of the Solow Growth Model: An introduction to the Solow growth model and calculating the Golden Rule steady state level of capital (based on Chapters 7 & 8 of Macroeconomics, N. Gregory Mankiw, 6th ed.)

  3. From the IS-LM Model to the AD Curve: Using the IS-LM curve model to understand movements in aggregate demand (based on Chapter 10 & 11 of Macroeconomics, N. Gregory Mankiw, 6th ed.)

  4. The Mundell-Fleming Model (IS*-LM*): Extension of the open economy to include the IS-LM model (based on Chapter 12 of Macroeconomics, N. Gregory Mankiw, 6th ed.)

  5. Introduction to the Upward-Sloping Aggregate Supply Curve: Discussion of using an aggregate supply curve based on price expectations (based on Chapter 13 of Macroeconomics, N. Gregory Mankiw, 6th ed.)

Analysis of Economic Data

  1. The Basics of Hypothesis Testing: An introduction to using statistical theory for hypothesis testing (one- and two-tailed tests, p-values).

Industrial Organization

  1. Double Marginalization: Working through the logic and some examples of double marginalization.

  2. Second Degree Pricing: Theory and examples for second degree pricing models.

Public Economics

  1. Lindahl Equilibrium and Pareto Optimality: A discussion of the Lindahl public goods equilibrium and proof that it is Pareto Optimal.

Monetary Economics

  1. Interest Rates and Bond Prices: A discussion of how interest rates influence bond prices using coupon bonds as an example.

  2. Derivation of Present Value: A walk-through of the math used to calculate the present value of income streams.

  3. Pure and Modified Expectations Hypothesis: The mathematical derivation of the pure and modified expectations hypothesis.

  4. The Basics of Futures and Options: Some background and explanation on how pricing works for futures and options, as well as some examples of hedging and how it works.

Labor Economics

  1. AFDC and its Impacts on Labor Choice: Examples of how the Aid to Families with Dependent Children program may influence labor supply.

  2. Monopolist and Monopsonist Labor Employment Choices: An overview of the labor supply model and how optimal employment choices vary for monopolist and monopsonist firms.

  3. Household Labor Allocation Choices: A theoretical look at how a 2 person household might choose how to allocate labor between market and home productivity. 

Nicholas J. Sanders


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