Principles of Microeconomics, 1101 - Fall 2012
This site is intended for students in section 66 of Principles of Microeconomics. Course materials will be posted here in addition to the course site for all micro sections on Moodle.
NOTE: Updated lecture materials will appear on my most current version of the course (Spring 2013).
NOTE: Updated lecture materials will appear on my most current version of the course (Spring 2013).
Administrative Materials
Syllabus
Office Hours: Wednesdays, Noon - 2:00 PM
TA Office Hours
Office Hours: Wednesdays, Noon - 2:00 PM
TA Office Hours
- Section 67 (John Parker):
- Section 68 (Richard Condor): Tuesdays, 2:30 - 4:30 PM
Class Materials
General Study Materials
Week 1 - Introductions (Class and Auctions)
Week 2 - Supply and Demand
Week 3 - Elasticity, Market Surpluses
Week 4 - Market Efficiency, Taxes, and Subsidies
Week 5 - Price and Supply Controls
Midterm 1 on Lectures 1-10, October 8 7:00-8:00 PM in Anderson 350
Week 6 - Externalities
Week 7 - Production Possibilities and International Trade
Week 8 - Public Goods and Consumer Theory
Week 9 - Consumer Theory Continued and Firm Theory
Week 10 - Industry Supply, Domestic Supply and Trade, Applications of Consumer Theory
Midterm 2 on Lectures 11-20, November 12 7:00-8:00 PM in Anderson 350
Week 11 - Monopolies and Intellectual Property Rights
Week 12 - Enjoy Thanksgiving Break!
Week 13 - IPR Continued, Game Theory and Oligopolies
Week 14 - Labor Markets
Week 15 - Moral Hazard and Adverse Selection
Final Exam on all Lectures and Readings, Monday December 17th 6:30-8:30PM in Anderson 350
- Math Refresher (created by Simone Civale)
- Principles of economics, translated
Week 1 - Introductions (Class and Auctions)
- Lecture 1 - Introduction Presentation
- Lecture 2 - Auctions
Week 2 - Supply and Demand
- Lecture 3 - Supply, Demand, and Competitive Equilibrium
- Lecture 4 - Supply and Demand Shifters (cont.)
Week 3 - Elasticity, Market Surpluses
- Lecture 5 - Elasticity
- Lecture 6 - Elasticity continued, Producer and Consumer Surplus
Week 4 - Market Efficiency, Taxes, and Subsidies
- Lecture 7 - Market Efficiency, Taxes Part 1
- Lecture 8 (Updated for mistakes) - Taxes Part 2, Application to Social Security
Week 5 - Price and Supply Controls
- Lecture 9 - Price Controls
- Lecture 10 - Supply Controls
Midterm 1 on Lectures 1-10, October 8 7:00-8:00 PM in Anderson 350
Week 6 - Externalities
- Lecture 11 - Positive and Negative Externalities
- Lecture 12 - Externality Correction and Application
Week 7 - Production Possibilities and International Trade
- Lecture 13 - Basics of Trade
- Lecture 14 - Production Possibilities and Comparative Advantage
Week 8 - Public Goods and Consumer Theory
- Lecture 15 - Trade with China, Public Goods
- Lecture 16 - Consumer Theory
Week 9 - Consumer Theory Continued and Firm Theory
- Lecture 17 - Consumer Theory Continued
- Extra Practice with Income and Substitution Effects (from general lecture)
- Intuition on the MRS = OC Condition
- Lecture 18 - Introduction to Firm Theory (Note we are only up to slide 45 in class)
- Old notes on firm exit, MC, and ATC
Week 10 - Industry Supply, Domestic Supply and Trade, Applications of Consumer Theory
- Lecture 19 - Industry Supply and Supply with Trade
- Lecture 20 - Applications of Consumer Theory
Midterm 2 on Lectures 11-20, November 12 7:00-8:00 PM in Anderson 350
Week 11 - Monopolies and Intellectual Property Rights
- Lecture 21 - Monopolies
- Lecture 22 - Intellectual Property Rights
Week 12 - Enjoy Thanksgiving Break!
Week 13 - IPR Continued, Game Theory and Oligopolies
- Lecture 23 - IPR Continued, Game Theory Introduction
- Lecture 24 - Oligopolies
Week 14 - Labor Markets
- Lecture 25 - Labor Markets, Wage Trends, Income Inequality
- Lecture 26 - International Income Inequality, Unions, Labor Market Discrimination
Week 15 - Moral Hazard and Adverse Selection
- Lecture 27 - Moral Hazard and Adverse Selection
- Extra OH on Thursday from Noon - 2:00 PM
- Topics Covered
Final Exam on all Lectures and Readings, Monday December 17th 6:30-8:30PM in Anderson 350