This page contains all of the following resources for each class meeting:
- Content materials contains suggested readings, more details about assignments, math appendices, and other helpful resources. I suggest you view these before each class.
- Slides are “Xaringan” presentations that can be opened in any browser (You can find a downloadable PDF in each content page)
- Practice problems we work on together in class to prepare for homeworks and exams
- Assignments are listed with due dates
Please note that the lesson numbers, topics, and titles (e.g. 1.1) are my design, and do not match up with the textbook!
Relevant materials, if applicable will be posted before class meets and become colored links.
I. Rational Choice Theory: Consumers
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Assignment
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Preliminary Survey
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1.1 — The Tools of Microeconomics
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1.2 — Budget Constraint
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1.3 — Preferences
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1.4 — Utility Maximization
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Problem Set 1 due Fri Sep 16
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1.5 — Demand
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1.6 — Income and Substitution Effects
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1.7 — Price Elasticity of Demand
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Problem Set 2 due Fri Sep 23
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Exam 1 on Mon/Tue Sep 26/27
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II. Rational Choice Theory: Producers
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2.1 — Production, Specialization, and Firms
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2.2 — Production Technology
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2.3 — Cost Minimization
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Problem Set 3 due Fri Oct 14
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2.4 — Costs of Production
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2.5 — Short Run Profit Maximization
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2.6 — Long Run Industry Equilibrium
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Problem Set 4 due Fri Oct 21
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Exam 2 on Wed/Thu Oct 26/27
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III. Market Equilibrium
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3.1 — The Supply and Demand Model
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3.2 — Market Competition and Surpluses
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3.3 — The Static Benefits of Markets: Welfare Economics & Market Failure
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3.4 — The Dynamic Benefits of Markets: Entrepreneurship, Profits, & Prices
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3.5 — Introduction to Political Economy
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Problem Set 5 due Mon Nov 28
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IV. Imperfect Competition
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Assignment
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4.1 — Modeling Firms with Market Power
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4.2 — Consequences and Sources of Market Power
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4.3 — Pricing Strategies
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4.4 — Monopolistic Competition and Oligopoly
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4.5 — Contestable Markets and Wrap Up
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Problem Set 6 (Ungraded)
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Op-Ed due Mon Dec 5
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Final Exam on Wed/Thu Dec 7/8
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