The aim of the course is to introduce students to the most essential topics in microeconomic theory. Students should acquire a thorough understanding of economic theory relevant to the topics covered. Topics include consumer behaviour and the principles of rational choice, production, technology, profit maximisation, and firm behaviour, and partial and general competitive equilibrium. The course will be followed by Microeconomics 2.
Sunday & Tuesday 8:00 – 9:30; Room 4
Tuesday 14 – 15; room 118 or by appointment (email: firstname.lastname@example.org).
The evaluation of the course is based on quizzes (20%), mid-term exam (37.5%), and final exam (42.5%). Problem sets carry no weight, but quizzes are mainly based on the questions appeared in the problem sets. Each student’s performance in the classes will be awarded by up to 5% bonus mark. However, we will discuss the assessment issue in the first lecture, and these might change. Exam dates are shown on the course outline.
The main textbooks for the course is:
Mas-Colell, Andreu, Michael D. Whinston & Jerry R. Green: Microeconomic Theory; Oxford University Press..
We also use the following textbooks for some topics and the problem sets (some other papers and books might be added to the list later in the term):
Jehle, Geoffrey A. & Philip J. Reny; Advanced Microeconomic Theory; Addison-Wesley.
Kreps, David; A Course in Microeconomic Theory; Harvester Wheatsheaf.
Osborne, Martin; An introduction to Game Theory; Oxford University Press.
Rubinstein, Ariel; Lecture Notes in Microeconomic Theory; Princeton University Press.
Varian, Hal; Microeconomic Analysis; W. W. Norton and Company
Following is a list of the topics we intend to cover in this course alongside the textbook chapters for each topic. There is a possibility that not all the material in some chapters of textbooks will be covered, which will be announced in lectures accordingly. On the other hand, some other text or notes might be used for some of the topics which we intend to cover in greater details.
|1||Sun||96 06 26||Introduction to Microeconomics|
|2||Tue||96 06 28||Chapter 1: Preferences and Choices|
|3||Sun||96 07 02|
|4||Tue||96 07 04||Chapter 2: Consumer and Choice|
|Sun||96 07 09|
|5||Tue||96 07 11|
|6||Sun||96 07 16||Chapter 3: Classical Demand Theory(Excl. 3.F and 3.H)|
|7||Tue||96 07 18|
|8||Sun||96 07 23|
|9||Tue||96 07 25||Quiz 1|
|10||Sun||96 07 30|
|11||Tue||96 08 02|
|12||Sun||96 08 07|
|13||Tue||96 08 09|
|14||Sun||96 08 14||Chapter 4: Aggregate Demand|
|15||Tue||96 08 16||Quiz 2|
|16||Sun||96 08 21||Chapter 5: Production|
|17||Tue||96 08 23|
|Wed||96 08 24||Mid-Term Exam|
|Sun||96 08 28|
|18||Tue||96 08 30|
|19||Sun||96 09 05|
|20||Tue||96 09 07|
|21||Sun||96 09 12||Chapter 10: Competitive Markets|
|22||Tue||96 09 14||Quiz 3|
|23||Sun||96 09 19|
|24||Tue||96 09 21|
|25||Sun||96 09 26||Chapter 15: General Equilibrium Theory: Some Examples (Excl. 15.D & 15.E)|
|26||Tue||96 09 28||Quiz 4|
|27||Sun||96 10 03||Chapter 16: Equilibrium and Its Basic Welfare Properties (Excl. 16.E, 16.F, & 16.G)|
|28||Tue||96 10 03|
|Tue||96 10 19||Final Exam (9am)|