C H A P T E R
1
An Overview of the Study Guide and
Chapter 1
Study guides that accompany textbooks are usually written as an afterthought by
someone who has little connection to the textbook that is supposed to be supported by the study guide. I think it
Thinking with Economics
This course will teach you how to think with economics.
This means we are going to learn how to discipline our thinking
using economic models.
Economic models are useful abstractions to focus our analyses
and to generate new insigh
Intermediate Microeconomics: Math
Overview
January 10, 2016
Recommended Reading
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We are going to try and give you a quick taster of multi variate
calculus.
The best reference we know of is Pemberton and Rau
"Mathematics for economists: an intro
Intermediate Microeconomics: 73-230
January 2016
About Me
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BSc Universitat de Barcelona, MSc University College London
PhD, Boston University
My research:
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Microeconomic Theory
Game Theory
Mechanism Design
Market Design
Thinking with Econo
Price Changes
We have seen how consumers nd optimal bundles
We now ask how the consumer reacts to changes in the
environment
In particular, we want to understand how a consumer reacts to
price changes
First we are going to look at pictures of consumer rea
EXERCISE LIST FOR MIDTERM 1
Chapter 2 Textbook
Exercises 1, 3, 4 and 5
Chapter 3 Textbook
Exercises 1, 2 and 4
Chapter 4 Textbook
Exercises 3, 4 and 5
Additional Exercise
In a world with two goods x and y, Andrew has the utility function UA (x; y) =
xy ;
EXERCISE LIST FOR MIDTERM 2
Chapter 5 Textbook
Exercises 1 and 6
Chapter 8 Textbook
Exercises 1 and 3
Chapter 9 Textbook
Exercises 1 and 4
Chapter 10 Textbook
Exercises 4 and 5
Additional Exercise
A rm produces an output y with two inputs K and L whose un
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73-230 Carnegie Mellon University
Antonio Miralles, Spring 2016
Syllabus: Intermediate Microeconomics
Time:
Lecture 1: Mondays and Wednesdays, 9:00-10:20AM
Lecture 2: Mondays and Wednesdays, 10:30-11:50AM
Location: Posner Mellon Auditorium
Professor: Dr.
Econ 73-250A-F
Spring 2001
Prof. Daniele Coen-Pirani
Suggested Answers for the Final Exam
Exercise #1. In the short-run the number of rms is constant at 84. The supply function of
each rm is found by setting p = M C (y ), and taking into account the possi
Econ 73-250A-F Spring 2001 Prof. Daniele Coen-Pirani Class #25 - Review Exercise (a) The supply firm of each firm is given by the portion of the MC curve that lies above the AC curve. The MC curve is MC(y) = 8y,and a firm that produces chooses a quantity
Econ 73-250A-F Spring 2001 Prof. Daniele Coen-Pirani TOPICS COVERED IN FINAL EXAMINATION Please notice: The final exam is comprehensive. Sometimes the textbook has more than what I have said in class on a given topic, sometimes it is the other way around.