| Lecture Topic |
Browning & Zupan Microeconomics (* indicates reading only, no/limited lecture) |
Problem Sets, Other Readings & Materials |
| Introduction / supply & demand | Ch. 1*, 2* | PS-1 |
| Theory of consumer choice | Ch. 3 | PS-2, PS-3 [solutions to PS-2 | PS-3 ] |
| Individual and market demand | Ch. 4 | PS-4 [solutions to PS-4 ] Income-substitution effects Gas tax-rebate program Regression example (class size paper) |
| Using consumer choice theory | Ch. 5 | Stossel, Freakonomics 1 | 2 | 3 | 4 | 5 | 6 Discussion between Becker and Posner |
| Lancaster's and other theories of consumer behavior | Lancaster consumer theory (lecture) Harvey, The silent killer of relationships (optional) Zeelenberg, Anticipated regret (optional) Davidai & Gilovich, ...Enduring regrets |
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| Exchange, efficiency, and prices | Ch. 6 | |
| Midterm Exam Date: Thursday, October 17 Coverage: consumer theory (Ch. 1-6; other materials since beginning of semester) Point value: 100 pts. |
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| Production | Ch. 7 | |
| Production theory in competitive markets | Ch. 8, 9, 10* | PS-5 |
| Production theory in monopoly markets | Ch. 11, 12* | |
| Game theory and the economics of information | Ch. 14 | |
| Using noncompetitive market models | Ch. 15* | |
| General equilibirum analysis and economic efficiency | Ch. 19 | |
| Public goods, Lindahl prices, and externalities | Ch. 20 | Lindahl prices example (optional) Clarke tax; and a little about the Clarke tax |
| Final Exam Date: Saturday, December 7, 12:00-2:15 [During your last 15 minutes, you can use written notes. No sharing, No electronics.] Coverage: comprehensive, with ~ 60% emphasis on production theory Point value: 100 pts. |
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