Principles of Microeconomics, 1101 - Spring, 2013

This site is intended for students in section 33 of Principles of Microeconomics. My course materials will be posted here, and alternative resources will be available for all micro sections are on the Moodle page for this class. The content covered in all classes is the same but may be presented in a different way. Feel free to use whatever speaks to you most.

Administrative Materials

Syllabus
Office Hours: 1-3 PM Wednesdays (Extra Final OH: May 9th 10:00 AM-Noon)
TA Office Hours: 
     Section 34 (Bill Walsh): 4-5 PM Mondays, 1-2 PM Fridays
     Section 50 (Sergio Salgado): TBA

Class Materials

General Study Materials

• Math Refresher (created by Simone Civale)
• Principles of economics, translated

Week 1 - Auctions

• Lecture 1- Introduction and Models (Grading Scale Corrected 1/23)
• Lecture 2 - Auctions

Week 2 - Supply and Demand

• Lecture 3 - Supply, Demand, and Partial Equilibrium
• Lecture 4 - Demand and Supply Shifters

Week 3 - Elasticity and Introduction to Efficiency

• Lecture 5 - Elasticity
• Lecture 6 - Elasticity Applications and Efficiency
• Supplement - Elasticity Exercises (Just something to play with in Excel)

Week 4 - Efficiency and Taxation

• Lecture 7 - Pareto Efficiency
• Lecture 8 - Taxes and Subsidies

Week 5 - Price Controls and Supply Controls

• Lecture 9 - Price Controls
• Lecture 10 - Supply Controls

Midterm 1 on Week 1-5, Monday February 25th 7:30 - 8:30 in Anderson 270


Week 6 - Externalities

• Lecture 11 - Introduction to Externalities
• Lecture 12 - Externalities and the Environment

Platform Debates in Recitation on March 6th (attendance mandatory)

• Extra notes on carbon policy from main lecture (by Kelvin Wong)
• Web links on climate change and carbon policy (via Moodle)

Week 7 - International Trade

• Lecture 13 - Basics of Trade and Production Possibilities
• Lecture 14 - Motivation for Trade 
• Optional Notes - Trade Organizations

Week 8 - China and US Trade, Public Goods, Consumer Theory

• Lecture 15 - US and China Trade, Public Goods
• Lecture 16 - Consumer Theory

Enjoy Spring Break


Week 10 - Consumer Theory and Firm Theory

• Lecture 17 - Consumer Theory continued
• Supplement - MRS and OC condition for optimal consumption
• Lecture 18 - Consumer Theory and Supply Theory

Week 11 - Firm Theory, Industry Supply

• Lecture 19 - Firm and Industry Supply
• Lecture 20 - Industry Supply and Trade with China

Midterm 2 on Weeks 6-11, Monday April 8th 7:30 - 8:30 in Anderson 270


Week 12 - Applications of Consumer Theory, Monopolies

• Lecture 21 - Applications of Consumer Theory, Intro to Monopolies
• Lecture 22 - Price Discrimination, Introduction to Intellectual Property

Week 13 - Intellectual Property Protection, Monopolistic Competition

• Recent news on the music and pharmaceutical industry (and more on Novartis)
• Lecture 23 - Intellectual Property  
• Lecture 24 - Monopolistic Competition

Week 14 - Game Theory and Oligopolies

• Lecture 25 - Introduction to Game Theory
• Lecture 26 - Oligopolies and Other Applications of Game Theory

Week 15 - Factors of Production and Labor

• Lecture 27 - Labor Markets, Trends in Inequality
• Lecture 28 - Inequality

Week 16 - Asymmetric Information

• Lecture 29 - Labor Market Discrimination, Intro to Asymmetric Information
• Lecture 30 - Asymmetric Information, Eurozone and American Financial Crises

Cumulative Final, Tuesday May 14th 6:30 - 8:30 in Anderson 330

• Prep page on Moodle