Note: There will be no class on Wednesday, December 5.
Week 1: Consumer theory (Chapters 3 and 4)
Large Format ......... Small Format
Weeks 2 and 3: Producer theory in the short run (Sections 7.1-7.2, 8.1-8.6)
Large Format ......... Small Format
Class 4 notes: Producer theory in the long run (Sections 7.3-7.4, 8.7-8.8)
Large Format........ Small format
Class 5-6 notes: Welfare analysis of competitive markets (Chapter 9)
Large format ...... Small format
Class 7-8 notes: Monopolies, monopsonies and market power (Chapter 10)
Large format ...... Small format
Class 9-10 notes: Price discrimination, two-part tariffs, and bundling (Chapter 11):
Large format ..... Small format
The "companion book" for the course will be:
Jean Tirole, L'économie du bien commun, chapters 13, 16, and 17 (English or French editions)
Here are some recommended problems from the textbook by Pindyck and Rubinfeld. (These refer to the Seventh Edition (English), but the problems in the other editions seem to be identical.)
Chapter 3.
Problem 5 (p.107).
Problems 10 and 15 (p.108).
Problem 16 (p. 109).
Chapter 4.
Problems 7, 11, and 13 (p.147-148).
Chapter 7.
Problems 2, 3, and 4 (p. 261).
Problems 8, 9, and 11 (p. 262).
Chapter 8.
Problems 4, 5, 6, 7, 8 (p.307).
Problems 10, 11, 12 and 13 on pages 307-308.
From Chapter 9:
1, 2, 5 and 6 on page 343.
7 and 8 on page 344.
13 on page 345.
Chapter 10 (Monopoly).
3, 5, 6, 7 (output decision)
11, 15, 16, 17 (public intervention)
Chapter 11 (Price Discrimination)
4, 5, 6 (third-degree price discrimination)
9, 10 (two-part tariff)