Economics 201, Section 2: Microeconomic Analysis

Professor Christiaan Hogendorn
Fall 2001

Prof. Hogendorn's Homepage Course Policies

Syllabus

N.B. All Varian readings INCLUDE the appendices to the chapters.

I. Consumer Preferences for Goods and Services

Sept. 4 1. Introduction
Varian, Chapter 1 and Appendices A1-A12.
Optional: Varian, Chapter 30, pp. 543-545.
Assigned: Problem Set 1, #1.
Review: Varian, Chapter 1, #1-5.
Sept. 6 2. The Budget Constraint
Varian, Chapter 2. Assigned: Problem Set 1, #2,3.
Review: Varian, Chapter 2, #1-7.
Sept. 11 3. Consumer Preferences and Indifference Curves
Varian, Chapter 3. Problem Set 1 due, beginning of class.
Assigned: Problem Set 2, #1,2.
Review: Varian, Chapter 3, #7-11.
Sept. 13 4. Utility
Varian, Appendices A13-A12 and Chapter 4. Assigned: Problem Set 2, #3,4.
Review: Varian, Chapter 4, #1-7.
Sept. 18
Rosh Hashanah
5. The Consumer's Optimal Choice
Varian, Appendices A14-A15 and Chapter 5. Problem Set 2 due, beginning of class.
Assigned: Problem Set 3, #1,2,3.
Review: Varian, Chapter 5, #1-6.
Sept. 20 6. Using Consumer Preference Theory: Aggregation and Indexing
Varian, Chapter 31, sections 31.1-31.3, and
Chapter 7, sections 7.1-7.4, 7.9.
Assigned: Problem Set 3, #4.
Review: none.
Optional: Varian, Chapter 7, #1-3.

II. Consumer Demand for Goods and Services

Sept. 25 7. Demand
Varian, Chapter 6. Assigned: none.
Review: Review Problem Set 3A, #1.
Varian, Chapter 6, #1-6.
Sept. 27
Yom Kippur
8. The Income and Substitution Effects
Varian, Chapter 8. Assigned: none.
Review: Review Problem Set 3A, #2-4.
Varian, Chapter 8, #1-5.
Oct. 2
Sukkot
9. Buying and Selling
Varian, Chapter 9. Problem Set 3 due, beginning of class.
Assigned: Problem Set 4, #1-4.
Review: Varian, Chapter 9, #1-6.
Oct. 4 10. Consumer Surplus
Varian, Chapter 14. Assigned: none.
Review: Varian, Chapter 14, #1-3.
Oct. 9 11. Market Demand
Varian, Chapter 15. Problem Set 4 due, beginning of class.
Assigned: Problem Set 5, #1.
Review: Varian, Chapter 15, #1-2.
Oct. 11 FIRST HOUR EXAM
Exam.   Answers.
Oct. 16
Fall Break
 

III. The Firm and Perfect Competition

Oct. 18 12. Technology
Varian, Chapter 18. Assigned: none.
Review: none.
Oct. 23 13. Technology and Cost Minimization
Varian, Chapters 18 and 20. Problem Set 5 due, beginning of class.
Assigned: Problem Set 6, #1,2.
Review: Varian, Chapter 18, #1-6, Chapter 20, #1-4.
Oct. 25 14. Cost Curves
Varian, Chapter 21. Assigned: Problem Set 6, #3.
Review: Varian, Chapter 21, #1-3.
Oct. 30 15. Firm Supply
Varian, Chapter 22 and Chapter 23, pg. 392 only. Problem Set 6 due, beginning of class.
Assigned: Problem Set 7, #1,2.
Review: Varian, Chapter 22, #1-11, Chapter 23, #1.
Nov. 1 16. Market Equilibrium
Varian, Chapter 16. Assigned: Problem Set 7, #3,4.
Review: Varian, Chapter 16, #1-5.
Nov. 6
Election Day
17. Perfect Competition and the Long Run
Varian, Chapter 23. Problem Set 7 due, beginning of class.
Assigned: Problem Set 8, #1.
Review: Varian, Chapter 23, #2-7.

IV. Market Interactions and Market Failures

Nov. 8 18. Exchange
Varian, Chapter 29. Assigned: Problem Set 8, #2,3.
Review: Varian, Chapter 29, #1-5.
Nov. 13 SECOND HOUR EXAM
Exam.   Answers.
Nov. 15 19. Externalities
Varian, Chapter 32. Assigned: Problem Set 8, #4.
Review: Varian, Chapter 32, #1,2.
Nov. 20 20. Public Goods
Varian, Chapter 35. Assigned: Problem Set 9, #1.
Review: Varian, Chapter 35, #3.
Nov. 22
Thanksgiving
 

V. Market Power

Nov. 27 21. Monopoly
Varian, Chapter 24. Problem Set 8 due, beginning of class.
Assigned: Problem Set 9, #2,3.
Review: Varian, Chapter 24, #1-9.
Nov. 29 22. Oligopoly and Game Theory
Varian, Chapter 27, pp. 477-491 and Chapter 28. Assigned: Problem Set 9, #4,5.
Review: Varian, Chapter 27, #1,2,4,6; Chapter 28, #2,4

VI. Financial Economics

Dec. 4 23. Consumer Choice and Asset Returns over Time
Varian, Chapters 10 and 11. Problem Set 9 due, beginning of class.
Assigned: Problem Set 10, #1,2.
Review: Varian, Chapter 10, #1-5; Chapter 11, #1-4.
Dec. 7 24. Consumer Choice and Asset Returns with Risk and Uncertainty
Varian, Chapters 12 and 13. Assigned: Problem Set 10, #3.
Review: Varian, Chapter 12, #1-6; Chapter 13, #1-3.
Problem Set 10.