Courses:

Principles of Microeconomics >> Content Detail



Study Materials



Readings

Amazon logo When you click the Amazon logo to the left of any citation and purchase the book (or other media) from Amazon.com, MIT OpenCourseWare will receive up to 10% of this purchase and any other purchases you make during that visit. This will not increase the cost of your purchase. Links provided are to the US Amazon site, but you can also support OCW through Amazon sites in other regions. Learn more.


Textbook


Amazon logo Pindyck, Robert S., and Daniel L. Rubinfeld. Microeconomics. 6th ed. Upper Saddle River, NJ: Pearson Prentice Hall, 2004. ISBN: 9788120329218.

The book is also available in digital format from CourseSmart.



Readings by Session


The readings under the two formats are given below. Students are expected to have read the relevant chapters ahead of time.



Format 1: Lecture-recitation


L = Lecture and R = Recitation


SES #TOPICSREADINGS
L1What is economics?Chapter 1
R1Supply-demand analysisChapter 2
L2Comparative statics
L3Dynamic analysis
R2Utility, revealed preferenceChapter 3
L4Optimization, duality
L5Demand curvesChapter 4
R3Engle curves
L6Risk and uncertaintyChapter 5
R4Risky behavior, examples
L7ProductionChapter 6
L8Input use
R5Review of chapters 1-5Chapters 1 to 5
L9Cost curvesChapter 7
R6Scale and cost
L10Profit maximizationChapter 8
L11Entry and exit
R7Competitive marketsChapter 9
L12Examples
L13Competitive markets (cont.)
R8Economic "surplus"Chapter 16
L14Efficiency of markets
L15Market structure
R9Review of chapters 6-9, 16Chapters 6-9, 16
L16Monopoly powerChapter 10
L17Monopsony – regulation
L18Pricing powerChapter 11
L19Pricing power (cont.)
R10Monopoly-pricing power
L20OligopolyChapters 12-13
L21Monopolistic competition
L22Competitive strategy
L23Factor marketsChapter 14
R11Factor-labor markets
L24Labor-land markets
L25Capital marketsChapter 15
R12Review of chapters 10-15, 17-18Chapters 10-15, 17-18
L26Insurance-risk marketsChapter 17
L27GovernmentChapter 18



Format 2: Discussion Sections


D = Discussion and Q = Question and Answer session


SES #TOPICSREADINGS
D1Overview: themes, types of markets, economic measurement, economic analysisChapter 1
D2The basics of supply and demandChapter 2
D3Elasticities of demandChapter 2
D4Price elasticity of supply; consumer preferencesChapters 2-3
D5Deriving MRS from utility function, budget constraints, and interior solution of optimizationChapter 3
D6Optimization, revealed preference, and deriving individual demandChapters 3-4
D7Substitution and income effects, individual and market demand, consumer surplusChapter 4
D8Irish potato famine, network externalities, and uncertaintyChapters 4-5
D9Preference toward risk, risk premium, indifference curves, and reducing riskChapter 5
D10Insurance and production functionsChapters 5-6
D11Production functionsChapter 6
D12Production functions and cost of productionChapters 6-7
Q1Review of chapters 1-5
D13Cost functionsChapter 7
D14The cost of production and profit maximizationChapters 7-8
D15Short run and long run supplyChapter 8
D16Long run supply and the analysis of competitive marketsChapters 8-9
D17Supply restrictions, tax, and subsidyChapter 9
D18Tax, subsidy, and general equilibriumChapters 9 and 16
D19Efficiency in exchange, equity and efficiency, and efficiency in productionChapter 16
D20Production possibilities frontier and output market efficiencyChapter 16
D21Why markets failChapter 16
Q2Review of chapters 6-9, 16
D22MonopolyChapter 10
D23Monopoly and monopsonyChapter 10
D24Monopoly and monopsony (cont.)Chapters 10-11
D25Pricing with market powerChapter 11
D26Pricing and monopolistic competitionChapters 11-12
D27Game theory and oligopolyChapters 12-13
D28OligopolyChapters 12-13
D29Strategic gamesChapters 12-13
D30Dominant firm model and factor marketChapters 12-14
D31Factor marketChapter 14
D32Investment, savings, time, and capital marketsChapter 15
D33Asymmetric informationChapter 17
D34Externalities, market failure and governmentChapters 17-18
D35Public goods and review of chapters 10-15, 17-18

 








© 2010-2021 OpenCollege.com, All Rights Reserved.
Open College is a service mark of AmeriCareers LLC.