Textbooks: The textbook for the course is

 

        Intermediate Microeconomics, by Hal R. Varian, 7th Edition, Norton, 2006.

Course Outline

 

Mon  Sept 17                   Introduction                                          Chapter 1   

Wed  Sept 19                   Budget Constraint                                Chapter 2

Fri      Sept 21                   Preferences                                        Chapter 3

 

Mon  Sept 24                   Utility                                                      Chapter 4

Wed  Sept 26                   Choice                                                    Chapter 5

Fri      Sept 28                   Demand                                                  Chapter 6

 

Mon  Oct 1            Income and Substitution Effects                  Chapter 8

Wed  Oct 3            Buying and Selling                                         Chapter 9

Fri      Oct 5            Intertemporal Choice                                      Chapter 10

 

Mon  Oct 8            No Class: Columbus Day

Wed  Oct 10          First In-Class Hour Exam

Fri      Oct 12          Asset Markets and Uncertainty                   Chapter 11

 

Mon  Oct 15                     Uncertainty                                           Chapter 12            

Wed  Oct 17                     Risky Assets                                         Chapter 13

Fri      Oct 19                     Consumer’s Surplus                            Chapter 14

 

Mon  Oct 22                     Market Demand                                    Chapter 15

Wed  Oct 24                     Equilibrium                                            Chapter 16

Fri      Oct 26                     Technology                                           Chapter 18

 

Mon  Oct 29                     Profit Maximization                              Chapter 19

Wed  Oct 31                     Cost Minimization                                Chapter 20

Fri      Nov 2                      Cost Curves                                          Chapter 21

 

Mon  Nov 5                     Firm Supply                                           Chapter 22

Wed  Nov 7                     Industry Supply                                   Chapter 23

Fri      Nov 9                     Monopoly                                             Chapter 24

 

Mon  Nov 12                   No Class: Veterans Day

Wed  Nov 14                   Monopoly Behavior                            Chapter 25

Fri      Nov 16                   Factor Markets                                     Chapter 26

 

Mon  Nov 19                   Oligopoly                                              Chapter 27

Wed  Nov 21                   Game Theory                                        Chapter 28

Fri      Nov 23                   No Class: Thanksgiving

 

Mon  Nov 26                   Game Applications                               Chapter 29

Wed  Nov 28                   Exchange                                                Chapter 31

Fri      Nov 30                    Second In-Class Hour Exam

 

Mon  Dec 3                      Production                                             Chapter 32

Wed  Dec 5                     Welfare                                                    Chapter 33

Fri      Dec 7                     Externalities                                            Chapter 34

 

Mon  Dec 10                    Public Goods                                         Chapter 36

Wed  Dec 12                    Asymmetric Information                     Chapter 37

Fri      Dec 14                    Behavioral Economics                         Chapter 30

 

Mon  Dec 17                    Auctions, Information Technology             Chapters 17, 35