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TOPICS AND READINGS BY WEEK
Economics 11, Intermediate Microeconomics; Fall 2006
Week Wk of: Item Assigned reading
1 9/4   Text   Ch. 1,2: The market economy; consumer choice
Rdg Introduction; Breit, Hochman, & Saueracker
Social economic organization; Knight
# No Monday lab section meetings this week
2 9/11   Text   Ch.s 3,4: Consumer behavior and welfare
Rdg De gustibus non est disputandum; Stigler & Becker
3 9/18   Text   Ch. 5: Household as supplier
Rdg Marshallian demand curve; Friedman
4 9/25   Text   Ch. 6: Choice under uncertainty; PLUS Kohler@ supplement
Req'd @: Kohler text, various: pp. 298-308 & 326-332 + workbook
Rdg Transactions costs, risk aversion, & (contracts); Cheung
5 10/2   Text   Ch.s 7@,8: The firm; technology and production
@: In ch. 7, read only pp. 197-217; Intro, Sections 7.1 & 7.2
Rdg Allocative efficiency vs. "x-efficiency;" Leibenstein
6 10/9   ---   Catch-Up; Mid-term on Thursday, 10/12.
           
-- 10/16 --- ! ! !   Fall break: Enjoy   ! ! !
7 10/23   Text   Ch.s 9,10: Cost; price-taking firms
Rdg The short run revisited; de Alessi
# NO MON lab section meetings this week.
8 10/30   Text   Ch.s 11: Competitive equilibrium
Rdg Economic theory & the meaning of competition; McNulty
9 11/6   Text   Ch. 12: General equilibrium, welfare
Rdg Simple analytics of welfare maximization; Bator
10 11/13   Text   Ch. 13, 18: Monopoly, externalities and public goods
Rdg ... Issues (re) choice of market vs. nonmarket allocation; Arrow
# Optional mid-term question distributed.
11 11/20   Text   Ch. 17: Asymmetric information.  11/23 is Thanksgiving!
Rdg Economics of moral hazard: comment; Pauly
12 11/27   Text   Ch. 14: More re price-making firms
Rdg None this week!
# Optional midterm this week -- Sat, 12/2.
13 12/4   Text   Ch.s 7@,15,16: Strategic behavior; plus carry-over from week 12
@: In ch. 7, read pp. 217-end; Sections 7.3 & 7.4
Rdg ... Recent advances in the theory of (firm) management; Alchian
14 12/11   ==>   No assignments other than to study for final exam.
Tue: lecture to serve as common Lab Session, Wk 13 assignment
           
## Final exam date, time, and place To Be Announced.
           
           
Course: http://www.swarthmore.edu/SocSci/lwestph1/Courses/MicroPages/MIC_home.html
BlckBrd: http://blackboard.swarthmore.edu/
N Caution! BEFORE starting the week's reading, refer to Weekly Assignment Sheet
o (on Blackboard) for notes, if any, relating to the readings.
t Text Read appendices (if any) only if doing calculus add-on.
e Rdgs Click on reading to access from Web on or Blackboard.
s Blckbrd Also has: Weekly Assignment Sheets; Math supplement; Past exams.
B&B Correlate chapters in Baumol and Blinder "mega" introductory text:
Introduction; market economy; supply and demand -- Ch.s 1,2,3,4
Theory of consumer, demand -- Ch.s 21,22
Production, theory of the firm, supply -- Ch.s 23,24,25
Monopoly -- Ch. 27
Imperfect competition, price making firms -- Ch.s 28 and, in part, 31,32
Factor markets (includes material in various weeks) -- Ch.s 35,36
Equilibrium, welfare -- Ch. 26
Externalities, public goods, asymmetric information -- Ch.s 29,34