Courses:

Intermediate Microeconomic Theory >> Content Detail



Syllabus



Syllabus

"Where I am not understood, it shall be concluded that something very useful and profound is couched underneath." J. Swift.



Prerequisites


  • 14.01 Principles of Microeconomics
  • 18.02 Multivariable Calculus


Textbook


Varian, Hal R. Intermediate Microeconomics: A Modern Approach. 7th ed. New York, NY: W.W. Norton, 2005. ISBN: 9780393927023. The 6th edition may also be used.



Grading and Requirements


The final grade in the course will be based on the following weights:


ACTIVITIESWEIGHTS
Midterm Exam1/3
Final Exam1/2
Homeworks1/6
Projectw/k



Homeworks


Homeworks are due two days after the second lecture session, to be collected at recitations. Alternatively, you may put them (before the recitation) in the TA's mail folder. Joint work is not permitted. You may discuss ideas, help each other with material in general, but, ultimately, your homework has to be a unique written (or typed) piece. Late homework gets no credit.

All issues with rescheduling exams have to be resolved beforehand.



Recommended Citation


For any use or distribution of these materials, please cite as follows:

Sergei Izmalkov, course materials for 14.04 Intermediate Microeconomic Theory, Fall 2006. MIT OpenCourseWare (http://ocw.mit.edu/), Massachusetts Institute of Technology. Downloaded on [DD Month YYYY].



Calendar



SES #TOPICS
1Introduction and Preview
Consumer Theory
2Choice, Preferences, Utility
3Demand, Revealed Preferences, Comparative Statics
4Consumer Surplus, Aggregation
5Variations to the Basic Choice Model (Time, Uncertainty)
Producer Theory
6Technology, Profit Maximization, Cost Minimization
7Supply, Aggregation
Markets
8Monopoly
9Oligopoly and Game Theory
10Walrasian Equilibrium
Market Failures
11Externalities
12Public Goods
13Small Number of Agents, Nash Bargaining
Asymmetric Information
14Adverse Selection, Moral Hazard, Principal-Agent Model
15Auction Design
16Voting and Other Applications

 








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