Dates |
Lectures |
Readings |
Homework/Exams |
Sample questions/Answers |
| January 4 |
Lecture 1:Introduction. How to use Canvas and MyEconLab. Math quiz |
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Math quiz |
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| January 9 |
Lecture 2: Solving optimization problems. Application to profit maximization under perfect competition. |
Perloff 7.2 |
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| January 11 |
Lecture 2: Opportunity cost. Profits. Short-run firm behavior under perfect competition. |
Perloff 6.1 8.1-8.2 |
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| January 18 |
Lecture 3: Competition in the long-run |
Perloff 6.2(pp.161-165), 8.3 |
Homework 1 due |
Sample set 1 posted |
| January 23 |
Lecture 4: Production functions: definition and examples. Returns to scale. |
Perloff 5.1, 5.4 |
Quiz 1. Homework 2 posted |
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| Jan. 25 |
Lecture 5: Marginal products. Computation of short- and long-run cost functions |
Perloff 5.2, 5.3, 6.2-3 |
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| Jan. 30 |
Lecture 6: Supply, demand and equilibrium. Competitive market experiment |
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Homework 2 due |
Sample set 2 posted |
| Feb. 1 |
Review session |
Ch. 2.3, 2.5, 5.1-5.4, 6.1-6.3, 7.2, 8.1-8.4 |
Quiz 2 |
Sample midterm posted |
| Feb. 6 |
MIDTERM EXAM |
Ch. 2.3, 2.5, 5.1-5.4, 6.1-6.3, 7.2, 8.1-8.4 |
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| Feb. 8 |
Lecture 7: Social welfare.Consumer and producer surplus |
Ch.2.3, 2.5, 8.4 |
Homework 3 posted |
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| Feb. 13 |
Lecture 8: Deadweight loss of taxation |
Perloff 2.5 |
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| Feb. 15 |
Lecture 9: Demand elasticity. Empirical methods for demand analysis |
Perloff 3.1-3.4 |
Homework 3 due |
Sample set 3 posted |
| Feb. 22 |
Lecture 10: Monopoly. Price discrimination |
Perloff 9.1-9.5, 10.3, 10.5 |
Quiz 3. Homework 4 posted |
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| Feb. 27 |
Lecture 11: Oligopoly |
Perloff 11.1-11.2 |
Class experiment |
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| March 1 |
Lecture 12: Oligopoly. Cournot equilibrium |
Perloff 11.1-11.2 |
Homework 4 due |
Sample set 4 posted |
| March 6 |
Lecture 13: Introduction to game theory. Nash equilibrium |
Perloff 11.1-11.2 |
Homework 5 posted |
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| Mar. 8 |
Final review session |
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