2010 Spring ECON 105D-001
Bulletin Course Description Calculus-based generalization of the theory of demand and supply developed in Economics 55D. Individual behavior in environments of risk and uncertainty. Introduction to game theory and strategic interaction. Adverse selection, moral hazard, non-competitive market structures, externalities, public goods. Instructor: Arcidiacono, Leventoglu, Taylor, or Yildirim
(Instructor named in bulletin description above may not be current. For current instructor, see listing below.)
Title INTERMEDIATE MICROECONOMICS II Department ECON Course Number 2010 Spring 105D Section Number 001 Primary Instructor Taylor,Curtis R Prerequisites Prerequisite: Economics 55D; Mathematics 102 or Mathematics 103 or any higher-level mathematics course with Mathematics 103 as a prerequisite. Student
Synopsis of course content
This course covers microeconomic theory at a rigorous level, utilizing calculus, algebra, and basic notions of probability. The theory of the consumer is developed at a deep level and welfare measures are derived. The consumer model is extended to settings involving labor supply, inter-temporal choice, and risk and uncertainty. Producer theory is also studied at a foundational level including derivation of cost concepts and analysis of economic rent. Price theory is then investigated in both partial and general equilibrium settings. The course concludes with an investigation of various types of market failure including: monopoly, oligopoly, externalities, and asymmetric information.
Textbooks
Walter Nicholson, Microeconomic Theory: Basic Principles and Extensions, Tenth ed., Thomson
Assignments
8-10 problem sets
Exams
Two Midterms and a Final Exam
Term Papers
None
Grade to be based on
Problem sets
Midterms
Final exam
