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Unformatted text preview: WELCOME WELCOME TO TO ECONOMICS ECONOMICS E E 1010 1010 : : MICROECONOMIC THEORY MICROECONOMIC THEORY Fall 2008 W, 7:359:35 Sever 213 Robert Neugeboren 51 Brattle St, Rm 522 TA: Rajiv Shankar W 34 and by app’t. [email protected] [email protected] Sections: Tu 6:307:30 or 7:308:30 Website: www.isites.harvard.edu/k39951 Today’s Agenda • Go Over Syllabus • Requirements • Policies • Topics • What is Microeconomics? • An Example • Next Time Description Economics E1010 presents the basic analytical tools of microeconomics. We will start by looking at the decisionmaking 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 ECE1010 is taught at the intermediate level and is appropriate for students who have already completed a firstyear “principles” course in microeconomics. Mathematical preparation at the level of basic algebra is a prerequisite, and familiarity with firstyear 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. Requirements 10% Sections. Attendance mandatory. 20% Problem Sets. 4, every 23 weeks. 30% Midterm Exam. November 5 . 40% Final Exam. January 21 . Graduate Credit: Additional material will be assigned on problem sets and exams. Readings There are several good textbooks on intermediate microeconomics. Either of the following are recommended: Besanko & Braeutigam, Microeconomics , 3 rd (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. Course Policies Academic Honesty Harvard takes matters of academic honesty very seriously. While you may discuss assignments with your classmates and others, make sure any written material you submit is your own work . Use of old course materials, including problem sets and exams from online sources, is prohibited . Course Policies Academic Honesty You should consult the Official Register of the Harvard Extension School and the website http://www.extension.harvard.edu to familiarize yourself with the possible serious consequences of academic dishonesty....
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 Fall '09
 NEUGEBOREN
 Economics, Microeconomics, The Wealth of Nations, optimal choice, Freddie

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