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.

 

DATES

TOPICS

READINGS AND ASSIGNMENTS (Acrobat Reader)

Week 1

 

January

10, 12

Analyzing Economic Problems


Mathematical Review

 

Demand and Supply Analysis

Text Reading: Chapters 1, 2 and Mathematical Appendix  

 

Chapter 1 Lecture – Analyzing Economics Problems   (WORD)

 

CHAPTER 2 LECTURE – DEMAND AND SUPPLY ANALYSIS   (WORD)

 

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

 

THE MATHEMATICS OF OPTIMIZATION   (PPT)

 

Problem Set 1 Assigned - Due Date: January 24, 2021   

Week 2

 

January

17, 19

Price Elasticity of Demand and Other Elasticities

 

Consumer Preferences and the Concept of Utility

Text Reading: Chapters 2 and 3

 

CHAPTER 2 LECTURE – DEMAND AND SUPPLY ANALYSIS   (WORD)

 

The J-Curve   (WORD)     J-Curve Further Explained

 

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

 

Problem Set 2 Assigned - Due Date: January 31, 2021

Week 3

 

January

24, 25

Consumer Preferences and the Concept of Utility Cont’d

 

Consumer Choice

Text Reading: Chapters 3 and 4

 

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

 

Chapter 4 Lecture – Consumer choice   (WORD) 

Week 4

 

 January 31

February 2

Consumer Choice Cont’d

Theory of Demand

Text Reading: Chapters 4 and 5

 

Chapter 4 Lecture – Consumer choice   (WORD) 

 

CHAPTER 5 LECTURE – THEORY OF DEMAND   (WORD)

 

Problem Set 3 Assigned - Due Date: February 11, 2021

Week 5

 

February

7

Theory of Demand Cont’d  

 

Catching-up Time and

Review for Exam

(Friday, Feb. 12 at 3:30 pm)

(Saturday, Feb. 13 at 11:30 am)

Text Reading: Chapter 5

 

CHAPTER 5 LECTURE – THEORY OF DEMAND   (WORD)

 

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

Income and Substitution Effects: Applications (No Need to Download)

 

Additional Practice Problems   (PDF)

Week 6

 

February

14, 16

Exam 1 Distribution

 

Intertemporal Choice

 

General Equilibrium

Exam 1 – February 14, 2021 (MC) (Problems)

 

Intertemporal Choice (No Need to Download)

 

Chapter 16 Lecture - General Equilibrium Theory   (PPT)

 

Week 7

 

February

21, 23

Risk and Information

 

Inputs and Production Functions

Text Reading: Chapters 15 and 6

 

CHAPTER 15 LECTURE – rISK AND INFORMATION   (WorD)

 

Problem Set 4 Assigned - Due Date: March 14, 2021

Week 8, Sunday February 28, 2021 – Thursday, March 4, 2021

Spring Break, No Classes

WEEK 9

 

March

7, 9

Input and Production Functions Cont’d

 

Costs and Cost Minimization

Text Reading: Chapters 6 and 7

 

CHAPTER 6 LECTURE – INPUTS AND PRODUCTION FUNCTIONS   (WORD)

 

CHAPTER 7 LECTURE – COSTS AND COST MINIMIZATION   (WORD)

 

Problem Set 5 Assigned - Due Date: March 21, 2021

WEEK 10

 

 March

14, 16

Cost Curves

 

Perfect Competition

 

 

Text Reading: Chapters 8 and 9

 

CHAPTER 8 LECTURE – COSTS CURVES   (WORD)

 

Chapter 9 Lecture - PERFECTLY COMPETITIVE Markets   (PPT)

 

Problem Set 6 Assigned - Due Date: March 25, 2021

WEEK 11

 

March

21, 23

Perfect Competition Cont’d

 

Competitive Markets: Applications

Text Reading: Chapters 9, 10 and 11

 

Chapter 9 Lecture - PERFECTLY COMPETITIVE Markets   (PPT)

 

CHAPTER 10 LECTURE – COMPETITIVE MARKETS: APPLICATIONS   (WORD)

WEEK 12

 

March

28, 30

Review for Exam

 

Exam 2

(Covers Chapter 15, 16,

6, 7, 8, 9)

 

 

Exam 2 – March 30, 2021

 

Text Reading: Chapter 11

 

Problem Set 7 Assigned - Due Date: April 25, 2021

WEEK 13

 

April 6

Monopoly and Monopsony

Text Reading: Chapters 11 and 12

 

Chapter 11 Lecture – Monopoly and Monopsony   (PPT)

WEEK 14

 

April

11, 13

 Capturing Surplus Cont’d

 

Market Structure and Competition

Text Reading: Chapters 12 and 13

 

Chapter 12 Lecture – Capturing Surplus   (PPT)

 

CHAPTER 13 LECTURE – MARKET STRUCTURE AND COMPETITION   (WORD)

WEEK 15

 

April

18, 20

Game Theory and

Strategic Behavior

Text Reading: Chapters 14 and 15

 

Chapter 14 Lecture - Game Theory and Strategic Behavior   (PPT)

 

WEEK 16

 

 April

25, 26

Review and Catching-up

Exam Period 

Final Exam

Final Exam is Thursday, April 29, 2021    12:30pm -2:30pm