Schedule

This page contains all of the following resources for each class meeting:

Readings include textbook chapters and occasional journal articles
Assignments are due by the beginning of class unless otherwise stated
Class materials contain more details, math appendices, and other helpful resourcesThese “online appendices” keep the slides nice and de-cluttered!
Slides are “Xaringan” presentations in html that can be opened in any browserYou can find a downloadable PDF in each respective class page
Practice problems we work on together in class to prepare for homeworks and exams

Relevant materials (if applicable, icons will become links) will be posted before class meets.

Last Update: 13:38:49 Thu Dec 10 2020.

1. Rational Choice Theory	Reading	Class	Slides	Practice	Assignment
Preliminary Survey
1.1 The Tools of Microeconomics
1.2 Scarcity, Choice, and Cost
1.3 Budget Constraint
1.4 Preferences and Utility
1.5 Solving the Consumer’s Problem
Problem Set 1 due Sunday Sept 6
1.6 Deriving a Demand Function
1.7 Income and Substitution Effects
1.8 Price Elasticity
Problem Set 2 due Sunday Sept 13
Exam 1 Tuesday Sept 15 - Sunday Sept 20 on Blackboard
2. Production Theory	Reading	Class	Slides	Practice	Assignment
2.1 Theory of the Firm
2.2 Short Run and Long Run
2.3 Cost Minimization
Problem Set 3 due Sunday Sept 27
2.4 Costs of Production
2.5 Short Run Profit Maximization
2.6 Long Run Industry Equilibrium
Problem Set 4 due Sunday Oct 11
Exam 2 week of Oct 12
3. Market Equilibrium	Reading	Class	Slides	Practice	Assignment
3.1 The Supply and Demand Model
3.2 Market Competition and Surpluses
3.3 Social Functions of Market Prices
3.4 Market Failures
3.5 Government Failures & Introduction to Political Economy
Problem Set 5 due Sunday Nov 8
4. Imperfect Competition	Reading	Class	Slides	Practice	Assignment
4.1 Modeling Firms with Market Power
4.2 Consequences and Sources of Market Power
4.3 Pricing Strategies
4.4 Factor Markets
4.5 Monopolistic Competition and Oligopoly
4.6 Contestable Markets and Wrap Up
Problem Set 6 (ungraded/practice)
Op-Ed Due by Friday November 20
Final Exam Thurs Nov 19 — Mon Nov 23