ECON 101 - Intermediate Microeconomics

 Syllabus  (PDF)     Grading Scale   

 

DATES

TOPICS

READINGS AND ASSIGNMENTS (Acrobat Reader)

Week 1

 

August

22, 24

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: August 31, 2021   

Week 2

 

August

29, 31

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: September 7, 2021

Week 3

 

September

5, 7

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

 

September

12, 14

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: September 21, 2021

Week 5

 

September

19, 21

Theory of Demand Cont’d

Text Reading: Chapter 5

 

CHAPTER 5 LECTURE – THEORY OF DEMAND   (WORD)

 

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

Week 6

 

September

26, 28

Intertemporal Choice

 

General Equilibrium

 

Review for Exam

 

STUDY GUIDE (Word)

 

 

Text Reading: Chapter 16

 

Intertemporal Choice (No Need to Download)

 

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

 

Chapter 16 Lecture - General Equilibrium Theory   (PPT)

 

Review for Exam

ONLINE OFFICE HOURS WILL BE HELD FRIDAY, October 1 from 4:00 pm to 5:00 pm. Please login to class zoom link.

Week 7

 

October

3, 5

Risk and Information

Exam 1 – October 3, 2021

 

Text Reading: Chapter 16

 

CHAPTER 15 LECTURE – rISK AND INFORMATION     (WorD)

 

Problem Set 4 Assigned - Due Date: October 26, 2021

Week 8, Sunday Oct 10, 2021 – Thursday, Oct 14, 2021

Fall break, no classes

Week 9

 

October

17, 19

Risk and Information Cont’d

 

Inputs and Production Functions

Text Reading: Chapters 6 and 7

 

CHAPTER 15 LECTURE – rISK AND INFORMATION     (WorD)

 

CHAPTER 6 LECTURE – INPUTS AND PRODUCTION FUNCTIONS   (WORD)

Week 10

 

October

24, 26

Inputs 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: November 7, 2021

Week 11

 

October 31

November 2

 

Cost Curves

 

Perfect Competition

 

 

Text Reading: Chapters 8 and 9

 

CHAPTER 8 LECTURE – COSTS CURVES   (WORD)

 

Chapter 9 Lecture - PERFECTLY COMPETITIVE Markets   (PPT)

Week 12

 

November

7, 9

Competitive Markets: Applications

 

Review for Exam

Text Reading: Chapter 10

 

CHAPTER 10 LECTURE – COMPETITIVE MARKETS: APPLICATIONS   (WORD)

 

Catching-up and Review

Week 13

November

14, 16

Exam 2

 

Monopoly and Monopsony

Exam 2 – November 14, 2021

 

Text Reading: Chapter 12

 

Chapter 11 Lecture – Monopoly and Monopsony   (PPT)

 

Problem Set 6 Assigned - Due Date: November 28, 2021

Week 14

November

21, 23

 

Capturing Surplus

 

Market Structure and Competition

Text Reading: Chapter 12 and 13

 

Chapter 12 Lecture – Capturing Surplus   (PPT)

 

CHAPTER 13 LECTURE – MARKET STRUCTURE AND COMPETITION   (WORD)

Week 15

 

November

28, 30

Game Theory and

Strategic Behavior

Text Reading: Chapter 14

 

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

 

Exam Period 

Final Exam Schedule

Final Exam Date and Time: Sunday, December 5 from 4:00 pm to 6:00 pm.