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eco200_syllabus_fall2009 - Department of Economics...

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Department of Economics Prof. Carlos J. Serrano University of Toronto Office: Room 308, 150 St. George st. 2009/2010 Email: [email protected] Office hours: Wed 4:30pm-6:00pm ECO 200Y1Y - MICROECONOMIC THEORY Course web site (Fall Term) : http://www.economics.utoronto.ca/serrano/teaching/eco200_fall09/eco200.html TEXTBOOK : Microeconomics by David Besanko and Ronald R. Braeutigam (2 nd or 3 rd edition). Wiley. LECTURES AND CLASSES : Section L0101 Lectures: Wed, 2:10 pm-4pm, Room LM 159 Tutorial: A (last name A-LIN): Fri, 12:10pm-1pm, Room LM 158 B (last name LIU-Z): Fri, 12:10pm-1pm, Room SS 1069 INSTRUCTORS : Fall Term: Prof. Carlos J. Serrano; Spring Term: Prof. Aloysius Siow. Teaching assistant: TBA DESCRIPTION OF THE COURSE: Theory of markets and prices. Determination of prices through the interaction of the basic economic units, the household as consumer and as supplier of inputs and the business firm as producer and as employer of inputs. The pricing system as the mechanism by which social decisions and allocation of goods are made in a market economy. COURSE OUTLINE: This is an approximate outline of the chapters to be covered during the fall term. Some chapters may not be covered in their entirety. Furthermore, some material covered in the lectures might not be included in the book. Date Chapter Topic Consumer theory Week 1 3 Consumer preferences and utility Week 2 4 Consumer choice Week 3 4 and 5 Cont. consumer choice; and optimal choice and demand Week 4 5 Optimal choice and demand Choice of labor and leisure; and intertemporal consumer choice Week 5 5 Choice of labor and leisure Week 6.1 5 Choice of labor and leisure; and intertemporal consumer choice Uncertainty and demand for insurance Week 6.2 15 Uncertainty Week 7 - Demand for insurance Producer theory Week 8 6 Inputs and production functions Week 9 7
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