Intermediate Microeconomics - Spring 2012

Professor David Bjerk

Syllabus

Tutoring: Mondays from 6:00PM - 10:00PM in BC 24

Ben Huth

Will Dodds

Announcements:

No Class on Thursday, Feb 2.

First Midterm now scheduled for Thursday, February 23rd.

No class on Tuesday March 20th.

Second Midterm now scheduled for Tuesday April 10th.

*****FINAL: Sunday May 6th, 2-5PM, Bauer Forum******

Additional Readings:

Giffen Behavior and Subsistence Consumption (from American Economic Review)

Have Car Need Briefs? In Russia, Barter is Back (from New York Times)

You Can't Plan a Market (Chapter 3 from The White Man's Burdern by William Easterly)

Is there (Middle Class) Life after Maytag? (from New York Times)

Free: The Future of a Radical Price (Prologue and Chapter 5)

Free: The Future of a Radical Price (Chapter 8)

The Rise and Fall of GDP (from New York Times Magazine)

As China Roars, Pollution Reaches Deadly Extremes (from the New York Times)

In Nature's Casino (from The New Yorker)

Unintended Consequences (from the Freakonomics column in the New York Times Magazine)

The Policy Vice (Chapter 14 from The Armchair Economist by Steve Landsburg)

Powerpoint Slides:

Math Review

Budget Sets (Varian Ch 2)

Preferences (Varian Ch 3)

Utility (Varian Ch 4)

Choice (Varian Ch 5)

Demand (in addition to Varian Chapter 6, please read Introduction, Section I, and the Conclusion section to "Giffen Behavior and Subsistence Consumption" form Readings above)

Buying and Selling (in addition to Varian Ch 9: 160-167, please look at "Have Car, need Briefs? " form Readings above)

Exchange and the Welfare Theorems (in addition to Varian Ch 31, make sure to read "You Can't Plan a Market" from Readings above, particularly pp. 72-101)

Labor Supply (Varian Ch 9: 173-178)

Intertemporal Choice (Varian Ch 10)

Market Demand (Varian Ch 15)

Overview of Equilibrium (Varian Ch 1)

Technology/Production (Varian Ch 18)

Factor Demand/Production (in addition to Varian Ch 20, please read "Is There (Middle Class) Life After Maytag?" from Readings above.)

Cost Curves (Varian Ch 21)

Firm Supply (Varian Ch 22)

Market Supply (in addition to Varian Ch 23, please read Chapter 5 and Prologue from Free: The Future of a Radical Price from Readings above.)

Equilibrium (in addition to Varian Ch 16, please read "The Rise and Fall of the GDP" from Readings above.)

Monopoly (Varian Ch 24)

Game Theory and Oligopoly (Varian Ch 27 and 28)

Externalities (in addition to Varian Ch 34, please read "As China Roars, Pollution Reaches Deadly Extremes " from Readings above.)

Thinking Like and Economist

Problem Sets:

Problem Set 1 (due Tuesday, Jan 24th) answer key

Problem Set 2 (due Tuesday, Jan 31th) answer key

Problem Set 3 (due Tuesday, Feb 7th) answer key

Problem Set 4 (due Tuesday, Feb 14th) answer key

Problem Set 5 (due Tuesday, Feb 21st) answer key

Problem Set 6 (due Tuesday, March 6th) answer key

Problem Set 7 (due Thursday, March 22nd) answer key

Problem Set 8 (due Tuesday, March 27th) answer key

Problem Set 9 (due Tuesday, April 3rd) answer key

Problem Set 10 (practice only) answer key

Problem Set 11 (due Tuesday, April 17th) answer key

Problem Set 12 (due Tuesday, April 23rd) answer key

Problem Set 13 (due Tuesday, May 1st) answer key

Additional Materials

Math Review

Midterm 1 Review

Midterm 1 practice questions answers

Midterm2 Review

Midterm 2 practice questions answers