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

 

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: January 24, 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: January 31, 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: February 11, 2021

Week 5

 

September

19, 21

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

 

September

26, 28

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

 

October

3, 5

Risk and Information

 

Inputs and Production Functions

Text Reading: Chapters 15 and 6

 

CHAPTER 15 LECTURE – rISK AND INFORMATION   (WorD)

 

CHAPTER 6 LECTURE – INPUTS AND PRODUCTION FUNCTIONS   (WORD)

 

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

Week 8, Sunday Oct 10, 2020 – Thursday, Oct 14, 2021

Fall break, no classes

Week 9

 

October

17, 19

Costs and Cost Minimization

Text Reading: Chapters 7 and 8

 

CHAPTER 7 LECTURE – COSTS AND COST MINIMIZATION   (WORD)

 

CHAPTER 8 LECTURE – COSTS CURVES   (WORD)

 

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

Week 10

 

October

24, 26

Perfect Competition

 

Competitive Markets: Applications

Text Reading: Chapters 9 and 10

 

Chapter 9 Lecture - PERFECTLY COMPETITIVE Markets   (PPT)

 

CHAPTER 10 LECTURE – COMPETITIVE MARKETS: APPLICATIONS   (WORD)

 

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

Week 11

 

October 31 November 2

Catching-up Time and

Review for Exam

 

 

Week 12

 

November

7, 9

Exam 2

 

Monopoly and Monopsony

Exam 2 – March 30, 2021

 

Text Reading: Chapter 11

 

Chapter 11 Lecture – Monopoly and Monopsony   (PPT)

 

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

Week 13

November

14, 16

Monopoly and Monopsony

 

Capturing Surplus

Text Reading: Chapter 12

 

Chapter 12 Lecture – Capturing Surplus   (PPT)

Week 14

November

21, 23

 Market Structure and Competition

Text Reading: Chapter 13

 

CHAPTER 13 LECTURE – MARKET STRUCTURE AND COMPETITION   (WORD)

Week 15

 

November

28, 30

Game Theory and

Strategic Behavior

Text Reading: Chapters 14 and 15

 

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

 

Exam Period 

Final Exam