Ce tutoriel s’appuie sur les cours de J. Jacqmin. L’enseignement se fait exclusivement en anglais sur le principe de la classe inversée. Les séances durent 3 heures avec une première partie qui couvre les grandes notions de la séance du jour. En seconde partie, nous nous concentrons sur les points importants et plus difficiles et en troisième partie, nous faisons des exercices par petits groupes qui visent à appliquer directement ce que nous avons vu pendant la séance.
This tutorial is based on J. Jacqmin's courses. The teaching is done exclusively in English on the principle of the reversed class. The sessions last 3 hours with a first part that covers the main notions of the day's session. In the second part, we focus on the important and more difficult points and in the third part, we do exercises in small groups which aim to apply directly what we have seen during the session.
The scope of economics
Three principles of economics: optimization, equilibrium, and empiricism
Economic methods and questions
Conclusion
Markets
How do buyers behave
How do sellers behave
Supply and Demand in equilibrium
Conclusions
The buyer's problem
Putting it all together
From the buyer's to the demand curve
Consumer surplus Demand elasticities
Sellers in a perfectly competitive market
The seller's problem
From the seller's problem to the supply curve
Producer surplus
From the short run to hte long run
From the firm to the market: Long-run competititve equilibrium
Conclusion
Perfect competition and efficiency
Price guide the invisible hand
Equity and efficiency
Taxation and government spending
Regulation
Consumer sovereignty and paternalism
Conclusion
Introducing a new market structure
Sources of market power
The monopolist's problem
Choosing the optimal quantity and price
The broken invisible hand: The cost of monopoly
Restoring efficiency
Government policy toward monopoly
Conclusion
Simultaneous move game
Nash equilibrium
Application of Nash equilibria
How do people actually play such games?
Extensive-form game
Conclusion
Externalities
Private solutions to externalities
Government solutions to externalities
Public goods
Common pool resource goods
Related literature:
Acemoglu, D., Laibson, D., & List, J. (2021). Microeconomics, Global Edition eBook. Pearson Higher Ed.