ECON 101 - Intermediate Microeconomics

 Syllabus   (PDF)   Grading Scale   

 

DATES

TOPICS

READINGS AND ASSIGNMENTS (Acrobat Reader)

Week 1

July

24, 26

Analyzing Economic Problems


Mathematical Review

 

Demand and Supply Analysis

Text Reading: Chapters 1, 2 and Mathematical Appendix  

 

Chapter 1 Lecture – Analyzing Economic 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 7, 2022   

Week 2

July 31

August 2

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: August 21, 2022

Week 3

August

7, 9

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

August

14, 16

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: August 28, 2022

Week 5

August

21, 23

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

August

28, 30

Intertemporal Choice

 

General Equilibrium

 

Review for Exam

 

STUDY GUIDE 1 (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

Week 7

September 

4, 6

Exam 1

 

Risk and Information

Exam 1 – September 4, 2022

 

Text Reading: Chapter 16

 

CHAPTER 15 LECTURE – rISK AND INFORMATION     (WorD)

 

Problem Set 4 Assigned - Due Date: September 18, 2022

Week 8

September 11

(Fall break

no class)

September 13

 

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 9

September

18, 20

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: October 2, 2022

Week 10

September

25, 27

Cost Curves

 

Perfect Competition

 

STUDY GUIDE 2 (Word)

Text Reading: Chapters 8 and 9

 

CHAPTER 8 LECTURE – COSTS CURVES   (WORD)

 

Chapter 9 Lecture - PERFECTLY COMPETITIVE Markets   (PPT)

 

Week 11

October

2, 4

Perfect Competition Con’t

 

 Competitive Markets: Applications

Text Reading: Chapters 9 and 10

 

Chapter 9 Lecture - PERFECTLY COMPETITIVE Markets   (PPT)

 

CHAPTER 10 LECTURE – COMPETITIVE MARKETS: APPLICATIONS   (WORD)

Week 12

October

9, 11

Exam 2

 

 

Monopoly

Exam 2 – October 9, 2022

 

Text Reading: Chapters 1

 

Chapter 11 Lecture – Monopoly   (PPT)

 

Problem Set 6 Assigned – Due Date: October 27, 2022  NOT to be Handed in – Will go over in Recitation

Week 13

October

16, 18

 

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 14

October

23, 25

STUDY GUIDE (Word)

 

Game Theory and

Strategic Behavior

Text Reading: Chapter 14

 

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

 

Week 15

October 30

 

 

Exam Period 

Final Exam Schedule

Final Exam Date and Time: