ECE1010.01

ECE1010.01 - WELCOME WELCOME TO TO ECONOMICS ECONOMICS E-...

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Unformatted text preview: WELCOME WELCOME TO TO ECONOMICS ECONOMICS E- E- 1010 1010 : : MICROECONOMIC THEORY MICROECONOMIC THEORY Fall 2007 W, 7:35-9:35 Sever 202 Robert Neugeboren 51 Brattle St, Rm 522 TA: Rajiv Shankar W 3-4 and by appt. rshankar@fas.harvard.edu neugebor@fas.harvard.edu Sections: Tu 6:30-7:30 or 7:30-8:30 Website: www.courses.fas.harvard.edu/ext/10782/ Description Economics E-1010 presents the basic analytical tools of microeconomics. We will start by looking at the decision-making of individual consumers and ask how these decisions can be optimized, or improved. Next, we will look at how firms make and coordinate their decisions under varying market structures, including perfect competition and monopoly. Description Then we will look at strategic behavior in imperfectly competitive markets, making use of concepts from game theory such as Nash equilibrium. Finally, we will take up topics including (from among?) bargaining theory, information economics, externalities, public goods, and welfare analysis. Description ECE-1010 is taught at the intermediate level and is appropriate for students who have already completed a first-year principles course in microeconomics. Mathematical preparation at the level of basic algebra is a prerequisite, and familiarity with first-year calculus will be of help. Students will learn the key tools and principles economists apply to understand a wide range of phenomena, using graphical representations, some math, and plain logic to present the important ideas and solve basic microeconomic problems. Readings There are several good textbooks on intermediate microeconomics. Either of the following are recommended: Besanko & Braeutigam, Microeconomics , 2 nd (Wiley). Pindyck & Rubinfeld, Microeconomics,6 th (Prentice Hall). A good alternative is Varian, Intermediate Microeconomics . Students are expected to read the assigned chapters before the corresponding class session. From time to time, additional background references and supplementary readings may be assigned. Topics UNIT I CONSUMER CHOICE UNIT II FIRMS & MARKETS Nov 7 MIDTERM UNIT III MONOPOLY & OLIGOPOLY UNIT IV INFORMATION & WELFARE Jan 16 FINAL EXAM Topics UNIT I CONSUMER CHOICE P-R chapters 9/19 Introduction: What is Microeconomics? (1-2) 9/26 Theory of the Consumer (3) 10/3 Individual and Market Demand (4) Topics UNIT II FIRMS & MARKETS 10/10 Theory of the Firm (6) 10/17 Profit Maximization (7) 10/24 Perfect Competition (8-9) 10/31 Review 11/7 MIDTERM Topics UNIT III MONOPOLY & OLIGOPOLY 11/14 Monopoly (10-11) [11/21 THANKSGIVING] 11/22 Oligopoly (12) 12/5 Games and Strategic Competition (13) kkk Topics UNIT IV INFORMATION & WELFARE 12/12 Decision under Uncertainty (5) 12/19 Bargaining and Negotiation (17) 1/2 Externalities and Public Goods. (18) 1/9 Review 1/16 FINAL EXAM UNIT I:Theory of the Consumer Introduction: What is Microeconomics?...
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ECE1010.01 - WELCOME WELCOME TO TO ECONOMICS ECONOMICS E-...

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