Courses:

Intermediate Applied Microeconomics >> Content Detail



Calendar / Schedule



Calendar

LEC #TOPICSKEY DATES
1Overview of Class and Themes

Application 1: Minimum Wage and Employment – Theory and Evidence
2Continuation of Minimum Wage and Employment – Theory and EvidenceProblem set 1 out
3Introduction to Consumer Theory
4Utility Maximization and Constrained Optimization

Utility Maximization

Expenditure Minimization
5Revealed Preference

Taxation and Distortions

Consumer Sovereignty

Applications of Consumer Theory: Lump-sum v. In-kind Transfers, Taxes and Rebates, and The Distortionary Effects of Taxation, Price Changes and Consumer Surplus
Problem set 2 out

Problem set 1 due one day after Session 5
6Application of Consumer Theory: The Value of Food Stamps
7Engel’s Law

Normal, Inferior and Giffen Goods

Marshallian vs Hicksian Demand

Slutsky Equation

Wetzstein, Chapter 4
Problem set 2 due one day after Session 7
8Wrap Up of Consumer Theory
9Exam 1
10Applied Competitive Analysis

Wetzstein, Chapter 10
11Continuation of Applied Competitive AnalysisProblem set 3 out
12General Equilibrium in a Pure Exchange Economy

Edgeworth Box

Production Possibility Frontier

Fundamental Welfare Theorems
13General Equilibrium (cont.)

Comparative Advantage vs. Competitiveness

Gains from Trade
14General Equilibrium Wrap-upProblem set 3 due one day after Session 14
15Choice Under Uncertainty: The Expected Utility Framework
16Choice Under Uncertainty: Application to Teen MotherhoodProblem set 4 out
17Risk and Safety Regulation

Product Liability and Regulation

Risk Perception

Insurance Markets: Why they Exist, How they Work
18Exam 2Problem set 4 due two days after Session 18
19Risk and Safety Regulation
20Economics of Information IProblem set 5 out
21Economics of Information II
22Economics of Information IIIProblem set 5 due

Problem set 6 out
23Economics of Information IV
24Externalities: The Problem and Three SolutionsProblem set 6 due one day after Session 24
25Externalities and Entry Restrictions
26Positive Externalities

 








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