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TOPICS AND READINGS BY WEEK |
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Economics 11, Intermediate Microeconomics; Fall 2006 |
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| Week |
Wk of: |
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Item |
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Assigned reading |
| 1 |
9/4 |
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Text |
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Ch. 1,2: The market economy; consumer choice |
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Rdg |
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Introduction; Breit, Hochman, & Saueracker |
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Social economic organization; Knight |
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# |
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No Monday lab section meetings this week |
| 2 |
9/11 |
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Text |
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Ch.s 3,4: Consumer behavior and welfare |
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Rdg |
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De gustibus non est disputandum; Stigler & Becker |
| 3 |
9/18 |
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Text |
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Ch. 5: Household as supplier |
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Rdg |
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Marshallian demand curve; Friedman |
| 4 |
9/25 |
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Text |
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Ch. 6: Choice under uncertainty; PLUS Kohler@ supplement |
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Req'd |
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@: Kohler text, various: pp. 298-308 & 326-332 +
workbook |
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Rdg |
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Transactions costs, risk aversion, & (contracts);
Cheung |
| 5 |
10/2 |
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Text |
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Ch.s 7@,8: The firm; technology and production |
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@: In ch. 7, read only pp. 197-217; Intro, Sections 7.1
& 7.2 |
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Rdg |
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Allocative efficiency vs. "x-efficiency;" Leibenstein |
| 6 |
10/9 |
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--- |
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Catch-Up; Mid-term on Thursday,
10/12. |
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10/16 |
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! ! ! Fall break:
Enjoy ! ! ! |
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| 7 |
10/23 |
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Text |
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Ch.s 9,10: Cost; price-taking firms |
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Rdg |
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The short run revisited; de Alessi |
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# |
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NO MON lab section meetings this week. |
| 8 |
10/30 |
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Text |
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Ch.s 11: Competitive equilibrium |
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Rdg |
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Economic theory & the meaning of competition; McNulty |
| 9 |
11/6 |
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Text |
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Ch. 12: General equilibrium, welfare |
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Rdg |
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Simple analytics of welfare maximization; Bator |
| 10 |
11/13 |
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Text |
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Ch. 13, 18: Monopoly, externalities and public goods |
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Rdg |
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... Issues (re) choice of market vs. nonmarket
allocation; Arrow |
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Optional mid-term question distributed. |
| 11 |
11/20 |
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Text |
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Ch. 17: Asymmetric information. 11/23 is
Thanksgiving! |
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Rdg |
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Economics of moral hazard: comment; Pauly |
| 12 |
11/27 |
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Text |
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Ch. 14: More re price-making firms |
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Rdg |
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None this week! |
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Optional midterm this week -- Sat, 12/2. |
| 13 |
12/4 |
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Text |
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Ch.s 7@,15,16: Strategic behavior; plus carry-over from
week 12 |
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@: In ch. 7, read pp. 217-end; Sections 7.3 & 7.4 |
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Rdg |
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... Recent advances in the theory of (firm) management;
Alchian |
| 14 |
12/11 |
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==> |
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No assignments other than to study for final exam. |
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Tue: lecture to serve as common Lab Session, Wk 13
assignment |
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Final exam date, time, and place To Be Announced. |
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| Course: |
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http://www.swarthmore.edu/SocSci/lwestph1/Courses/MicroPages/MIC_home.html |
| BlckBrd: |
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http://blackboard.swarthmore.edu/ |
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Caution! |
BEFORE starting the week's reading, refer to
Weekly Assignment Sheet |
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(on Blackboard) for notes, if any, relating to
the readings. |
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Text |
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Read appendices (if any) only if doing calculus
add-on. |
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Rdgs |
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Click on reading to access from Web on or
Blackboard. |
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Blckbrd |
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Also has: Weekly Assignment Sheets; Math
supplement; Past exams. |
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B&B |
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Correlate chapters in Baumol and Blinder
"mega" introductory text: |
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Introduction; market economy; supply and demand
-- Ch.s 1,2,3,4 |
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Theory of consumer, demand -- Ch.s 21,22 |
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Production, theory of the firm, supply -- Ch.s
23,24,25 |
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Monopoly -- Ch. 27 |
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Imperfect competition, price making firms --
Ch.s 28 and, in part, 31,32 |
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Factor markets (includes material in various
weeks) -- Ch.s 35,36 |
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Equilibrium, welfare -- Ch. 26 |
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Externalities, public goods, asymmetric
information -- Ch.s 29,34 |
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