ECON 101 - Intermediate Microeconomics

 Syllabus  (PDF)     Grading Scale

Office Hours: Available in Zoom conferencing. Please email me if you would like to meet in Zoom. 

Refer to the Zoom address in Canvas under Office Hours.

Sunday and Tuesday, 1:45 pm - 2:45 pm. Also available by appointment.

 

DATES

TOPICS

READINGS AND ASSIGNMENTS (Acrobat Reader)

WEEK 1

January

3, 5

Analyzing Economic Problems


The Mathematics of Optimization

 

Demand and Supply Analysis

Text Reading: Chapters 1 and 2

 

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

 

Chapter 1 Lecture – Analyzing Economics Problems   (WORD)

 

CHAPTER 2 LECTURE – DEMAND AND SUPPLY ANALYSIS   (WORD)

 

Problem Set 1 Assigned - Due Date: January 17, 2021   (WORD 

WEEK 2

January

10, 12

Demand and Supply Analysis Cont’d

 

Elasticity

Text Reading: Chapters 2 and 3

CHAPTER 2 LECTURE – DEMAND AND SUPPLY ANALYSIS   (WORD)

WEEK 3

January

17, 19

Consumer Preferences and the Concept of Utility

Text Reading: Chapter 3

CHAPTER 3 LECTURE - CONSUMER PREFERENCES AND THE CONCEPT OF UTILITY   (WORD)

Problem Set 2 Assigned - Due Date: January 31, 2017     (WORD)     

WEEK 4

January

26, 28­

Consumer Choice

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

January 31

February 2

Theory of Demand

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

WEEK 6

February
7

EXAM 1

Exam 1 – February 7, 2021

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