EC 302 - Intermediate Microeconomics

 Syllabus     (PDF)     Grading Scale

Textbook Companion Website (with Study Guide)

Additional Articles

Office Hours:  Monday, Wednesday 1:00 pm - 1:50 pm. Also available by appointment.

 

DATES

TOPICS

READINGS AND ASSIGNMENTS (Acrobat Reader)

WEEK 1

September
6

Thinking Like an Economist

The Mathematics of Optimization

Text Reading: Chapters 1 and 2

 

Algebra and Calculus Review - An excellent review of the mathematics necessary for this course. 

 

Principles Review

Chapter 1 Lecture - Thinking Like an Economist     (WORD)

 

Problem Set 1 Assigned - Discussion Due Date: September 27, 2017     (WORD 

WEEK 2

September

11, 13

Review of Demand and Supply Cont’d

 

Consumer Behavior

Text Reading: Chapters 2 and 3

Chapter 2 Lecture Notes: Review of Demand, Supply and the Market     (WORD

Chapter 3 Lecture - Rational Choice     (WORD)

WEEK 3

September

18, 20

Consumer Behavior Cont’d

Text Reading: Chapter 3

Chapter 3 Lecture - Rational Choice     (WORD)

Problem Set 2 Assigned - Discussion Due Date: October 9, 2017     (WORD)

WEEK 4

September

25, 27

Individual and Market Demand

Problem Set 1 Discussion on September 27, 2017  (Solutions)

Text Reading: Chapters 4 and 5

Chapter 4 Lecture - Individual and Market Demand     (WORD)

Comparing the Hicks and Slutsky Method (No Need to Download)

WEEK 5

October
2, 4

QUIZ 1

 

Individual and Market Demand

 

Applications of Rational Choice

Quiz 1 - October 2, 2017

Text Reading: Chapters 4 and 5 and Appendix to Chapters 4 and 5 (part A)

Chapter 4 Lecture - Individual and Market Demand     (WORD)

Chapter 5 Lecture Part A - Applications of Rational Choice     (PPT)

WEEK 6

October

9, 11

EXAM 1

Problem Set 2 Discussion on October 9, 2017      (Solutions)

Exam 1 – October 11, 2017

WEEK 7

October
16, 18

Applications of Rational Choice and Analysis of Markets

 

The Economics of Information and Choice under Uncertainty

Text Reading: Chapters 5 (part B) and 6

Chapter 5 Lecture Part B - Applications of Rational Choice and Analysis of Markets     (WORD)

Chapter 6 Lecture - The Economics of Information and Choice under Uncertainty     (WORD)

Choice under Uncertainly Example Problems     (WORD)

Problem Set 3 Assigned - Discussion Due Date: November 6, 2017     (WORD)

WEEK 8

October

23, 25

Production

Text Reading: Chapter 8

 

Chapter 8 Lecture - Theory of Production     (WORD)

WEEK 9

October 30

 

November 1

Costs of Production

Text Reading: Chapters 9

Chapter 9 Lecture - Costs of Production     (WORD)

 WEEK 10

November

6, 8

EXAM 2

Problem Set 3 Discussion on November 6, 2017     (Solutions)  

Exam 2 – November 8, 2017

Last day to withdraw with a W is November 10

WEEK 11

November

13, 15

Perfect Competition

 

Quiz 2 is a Naturalist Essay- Click on link to the right

Text Reading: Chapters 10 

Chapter 10 Lecture - Perfect Competition     (PPT)

Chapter 11 Lecture - Monopoly    (PPT)

 

Problem Set 4 Assigned - Discussion Due Date: December 11, 2017     (WORD)

 

Naturalist Essay: Due December 4, 2017     Perfect Competition Problems     (WORD)

WEEK 12

November

20

Monopoly Cont’d

Text Reading: Chapter 11

 

Chapter 11 Lecture - Monopoly    (PPT)

 

Some Monopoly Problems     (WORD)       

WEEK 13


November

27, 29

Imperfect Competition: A Game-Theoretic Approach

 

Oligopoly and Monopolistic Competition

Text Reading: Chapter 12 and 13

 
Chapter 12 Lecture - Game Theory     (PPT)

 

Chapter 13 Lecture - Imperfect Competition: A Game-Theoretic Approach     (WORD)

Practice and Study Questions for Chapters 10 -14     (WORD)     More Practice Problems 10-14     (WORD)

WEEK 14

December

4, 6

Factor Markets

 

Externalities, Property Rights, and the Coase Theorem

Naturalist Essay Due on December 4, 2017

 

Text Reading: Chapters 14 and 16

Chapter 14 Lecture - Labor Markets     (PPT)

Week 15

 

December

11

Review and Catching-up

Problem Set 4 - Discussion on December 11, 2017     (Solutions)

Final Exam Period

December

14 to 22

REVIEW SESSION

 Thursday, December 14, 6:30 pm.

Sellinger Room 005

Final Exam Schedule