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202 syllabus (Winter 2012)

202 syllabus (Winter 2012) - NORTHWESTERN UNIVERSITY...

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NORTHWESTERN UNIVERSITY DEPARTMENT OF ECONOMICS WINTER 2012 ECONOMICS 202: INTRODUCTION TO MICROECONOMICS Instructor: Professor Martin Zelder Office: Andersen 348 Office hours: M 2-3 pm; T 1:30-3 pm; W 5-6 pm; and by appointment Office phone: 847-491-4416 e-mail: [email protected] Lecture schedule: MW 3:30 – 4:50 pm; Leverone Auditorium Discussion schedule: Tuesday 4-4:50 pm, Thursday 4-4:50 pm, plus time TBA TAs: Aubhugn Labiano ( [email protected] ); Agustin Saade Ospina (a- [email protected] ), Derek Song ( [email protected] ) Microeconomics is the study of human behavior. The idea behind microeconomic theory is that individuals and organizations make choices by comparing costs and benefits. In this course, we examine this cost-benefit choice mechanism for 3 entities: consumers, firms, and government. The majority of the course is devoted to trying to understand why consumers and firms make the choices we observe. We will also evaluate whether these choices are good or bad from a social point-of-view, and how government intervention might improve the outcomes of these choices.
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