| Lecture Topic |
Ferguson Microeconomic Analysis |
Thaler Misbehaving |
Problem Sets, Other Readings & Materials |
| Introduction |
Intro (pp. 1-7) | Problem Set 1 | |
| Part II: Theory of production and cost | Part II (pp. 105-106) | Problem Set 2 (skip #7) | |
| Production with one variable input (short-run production) |
Ch. 6, but skip Sec. 6.3.e. Do problem on p. 129. | ||
| Production with two variable inputs (long-run production) |
Ch. 7, Secs. 7.2.c, 7.3.a,b, and 7.4.a,b,c | ||
| Theory of cost | Ch. 8, Secs. 8.2, 8.3.a,b,c,d, and 8.4.a,b,c | ||
| Part III: Theory of the firm and market organization | Part III (pp. 189-191) | Problem Set 3 (skip #7) | |
| Pricing in perfectly competitive markets | Ch. 9, Secs. 9.1 - 9.4 | ||
| Pricing in pure monopoly markets | Ch. 10, Secs. 10.1, 10.4.c | ||
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Exam 1
Date: Thurs., Feb. 5
Covers: Everything since beginning of class |
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| Oligopoly and monopolistic competition | n/a | Game theory & applications from lecture | |
| Part I: Theory of consumer behavior and demand | Part I (pp. 9-10) | ||
| Theory of utility and preference | Ch. 1 (pp. 11-24) | Problem Set 4 | solutions | |
| Modern consumer theory | Ch. 2 (pp. 26-42) | Problem Set 5 | solutions | |
| Income & substitution effects | Ch. 3, Secs. 3.1, 3.2, 3.3 | Income & substition effects, explained Problem Set 6 | solutions |
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| In-kind transfers, school vouchers, gas tax/rebate | Required: Stossel: School choice | SC op-eds on school choice Gas tax/rebate graph |
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| Landcaster consumer theory |
Preface +
Chs. 1-4, 7-9 Quiz 1
Thurs., Mar. 26 |
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| Miscellaneous readings | Class size paper (not required) | Required: Comment on preference and indifference Social media jam Silent killer of relationships Dying: the most economical way to go |
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| Exam 2 Date: Tues., Apr. 7 Covers: Everything since Exam 1 |
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| Part V: Theory of general equilibrium and economic welfare | Part V (pp. 349-351) | ||
| Theory of exchange | Ch. 4, Secs. 4.1, 4.2 | ||
| Welfare economics & general equilibrium | Ch. 15, Secs. 15.2, 15.3 Ch. 16 |
Chs. 12, 13, 17, 18, 28-30 Quiz 2 date: TBA, April 16 or 21 |
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| Externalities & Pigouvian taxes Public goods & Lindahl prices |
TBA | Lindahl prices example (optional) Clarke tax; and a little about the Clarke tax |
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| Final Exam Date: Wednesday, April 29, 10:30-noon. Coverage: TBA (untested material since Exam 2 + comprehensive component) |
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