EC 302 - Intermediate Microeconomics

 

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Syllabus     (PDF)     (RTF-Word) Link to Textbook Website
Naturalist Essay Additional Articles
Digital Economist Microeconomics Website Wolfram Demonstrations Website
Office Hours:  Monday, Wednesday and Friday, 2:00 pm - 3:00 pm, and by appointment
Also uually available MWF from 9:00 am to 9:50 am
DATES TOPICS

READINGS AND ASSIGNMENTS 

WEEK 1

January
18, 20
Thinking Like an Economist

The Mathematics of Optimization
Text Reading: Chapter 1

Chapter 1 Lecture - Thinking Like an Economist     (RTF-Word)

The Mathematics of Optimization     (PPT)

Problem Set 1 Assigned - Discussion Due Date: February 3, 2012     (RTF-Word 
WEEK 2

January
23, 25, 27
Review of
Demand and Supply

Consumer Behavior

Text Reading: Chapters 2 and 3 and Appendix to Chapter 2.

Chapter 2 Lecture Notes: Review of Demand, Supply and the Market     (RTF-Word

Chapter 3 Lecture - Rational Choice     (RTF-Word)

Cobweb Model     (PDF)

WEEK 3

January
30
February 1, 3
Consumer Behavior

Problem Set 1 Discussion (February 3, 2012) 

Text Reading: Chapter 3 and Appendix to Chapter 3

Chapter 3 Lecture - Rational Choice     (RTF-Word)

Problem Set 1 Discussion on February 3, 2012  (SOLUTIONS)

Problem Set 2 Assigned - Discussion Due Date: February 22, 2012     (RTF-Word)

WEEK 4

February
6, 8, 10

Individual and Market Demand

Text Reading: Chapters 4 and 5 and Appendix to Chapters 4 and 5

Chapter 4 Lecture - Individual and Market Demand     (RTF-Word)

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

Chapter 5 Lecture Part A - Applications of Rational Choice     (PPT) 

Start Thinking about Naturalist Essay - Due Date March 2, 2010 

WEEK 5

February
13, 15, 17

Individual and Market Demand

Text Reading: Chapters 4 and 5 and Appendix to Chapters 4 and 5

 

Quiz 1 -February 13, 2012

WEEK 6

February
20, 22, 24
Applications of Rational Choice and Demand
Theories

Problem Set 2 Discussion (February 22, 2012)


 Exam 1 - February 24, 2012

Text Reading: Chapter 5 and Appendix 5

Problem Set 2 Discussion on February 22, 2012      (SOLUTIONS)

Chapter 5 Lecture Part A - Applications of Rational Choice     (PPT) 

Exam 1 - February 24, 2012

WEEK 7

February 27, 29
March 2
Applications of Rational Choice and Analysis of Markets

   General Equilibrium
Text Reading: Chapter 5 and Appendix 5

Chapter 5 Lecture Part B - Applications of Rational Choice and Analysis of Markets     (RTF-Word)

Text Reading: Chapters 18W

Chapter 18W Lecture - General Equilibrium     (PPT)

March 2, 2012 - Extra Credit Day: Naturalist Essay Due Date and Discussion

Problem Set 3 Assigned - Discussion Due Date: March 30, 2012     (RTF -Word)

WEEK 8  March 5 to 11     SPRING BREAK
WEEK 9

March
12, 14, 16
The Economics of Information and Choice under Uncertainty

Text Reading: Chapter 6 and Appendix 6

Chapter 6 Lecture - The Economics of Information and Choice under Uncertainty     (RTF-Word)

WEEK 10

March
19, 21, 23
Production

Text Reading: Chapter 9 and Appendix to Chapter 9 

Chapter 9 Lecture - Theory of Production      (RTF-Word)

WEEK 11

March
26, 28, 30


March 30 - last day
to withdraw with a W
Costs

Perfect Competition

Problem Set 3 Discussion (March 30, 2012)

Text Reading: Chapters10 and 11 and Appendix to Chapter 10

Chapter 10 Lecture - Costs of Production      (RTF-Word)

Chapter 11 Lecture - Perfect Competition     (PPT)

Problem Set 3 Discussion on March 30, 2012

WEEK 12

April 2, 4
Exam 2 - April 2, 2012

Monopoly
Exam 2 - April 2, 2012

Text Reading: Chapter 12

Chapter 12 Lecture - Monopoly    (PPT) 

Problem Set 4 Assigned - Discussion Due Date: April 27, 2012     (RTF-Word)
Easter Recess April 5 to 9
WEEK 13

April
11, 13
Monopoly Con't

Imperfect Competition: A Game-Theoretic Approach
Text Reading: Chapter 13 and Appendix to Chapter 13

Chapter 13 Lecture - Imperfect Competition: A Game-Theoretic Approach

WEEK 14

April
16, 18, 20

Factor Markets Text Reading: Chapter 14

Chapter 14 Lecture - Labor Markets

Quiz 2 - April 18, 2012
WEEK 15

April
23, 25, 27
Factor Markets Continued

Externalities

Problem Set 4 Discussion (April 27, 2012)
Text Reading: Chapter 16

Chapter 16 Lecture - Externalities


Problem Set 4 -
Discussion Due Date: April 27, 2012

Naturalist Essay 2 Due April 27, 2012
WEEK 16

April 30

Last day of class. Review
 
May
2 - 10
Final Exam Week