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.
Lecture NotesTopic 01: Course Overview, Math Review 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 AssignmentsAssignment 01: Math Practice Solution Outline Assignment 02: Choices Solution Outline Assignment 03: More Demanding Solution Outline Assignment 04: Still More Demanding Solution Outline Assignment 05: Work and Leisure Solution Outline Assignment 06: Production and Cost Solution Outline Assignment 07: Market Structure Solution Outline Assignment 08: Uncertainty
Miscellaneous and AnnouncementsJanuary 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 >