In this course we will be looking at microeconomic theory at a more detailed level, and from a business perspective. Topics that will be covered include consumer choice, theory of the firm, market structure, competitive general equilibrium, capital markets, uncertainty, asymmetric information and contracts. Optimization subject to constraints is used as the unifying concept. A complete syllabus can be downloaded here.
Topic 02: Preferences and Utility
Topic 03: Optimal Choices
Topic 04: Demand
Topic 05: Demand and Prices
Topic 06: Applications of Consumer Theory
Topic 07: Firms and Production
Topic 08: Costs
Topic 09: Long Run Costs
Topic 10: Perfect Competition
Topic 11: Monopoly
Topic 12: Oligopoly
Topic 13: Uncertainty (Part I)
Topic 14: Uncertainty (Part II)
Topic 15: Uncertainty (Part III)
Topic 16: Asymmetric Information
Assignment 08: Uncertainty
Miscellaneous and Announcements
January 16: From now until the end of semester, we will be meeting in Business 211.
February 12: Because we do not have class on Tuesday next week, you can hand in your 3rd assignment on Thursday.
February 18: Your midterm is scheduled for Tuesday next week. Some practice questions drawn from past midterms can be downloaded here. Expect six questions of which you may choose any four to answer. The exam is not open book.
John P. Gilbert >