Course Links

• Canvas page

• Finals Week Office hours: Monday, Tuesday, and Wednesday, 10 AM to 11 AM (link)

• Waiting Room Playlist

Exam Review Material

• Midterm I:

  • Review (questions) (key)

  • Past exams:

    • 2020 (exam) (key)

    • 2019 (exam) (key)

• Midterm II:

  • Review (questions) (key)

  • Past exams:

    • 2020 (exam) (key)

    • 2019 (exam) (key)

• Final:

  • Review (questions) (key)

  • Past exams:

    • 2020 (exam) (key)

    • 2019 (exam) (key)

Weekly Course Material 

Week 1: Opportunity cost; absolute & comparative advantage

• Textbook chapter: 1

• Lecture notes (week 1 and 2)

• Discussion Handout: Original, Solutions, Mark-up

Week 2: Production possibility frontier, comparative advantage, and trade

• Textbook chapter: 2

• Lecture notes (week 1 and 2)

• Discussion Handout: Original, Solutions, Mark-up

Week 3: The supply and demand model; market equilibrium

• Textbook chapters: 3 & 4

• Lecture notes

  • Chapter 3: Market equilibrium

  • Chapter 4: Applications of supply and demand

• Discussion Handout: Original, Solutions, Mark-up

Week 4: Elasticity

• Textbook chapter: 5

• Lecture notes

• Discussion Handout: Original, Solutions, Mark-up

Week 5: Consumer Theory I: Budget constraints and utility maximization

• Textbook chapter: 6 (plus appendix)

• Lecture notes (weeks 5 and 6)

• Discussion Handout: Original, Solutions, Mark-up

Week 6: Consumer Theory II: Demand curve derivation; substitution and income effects

• Textbook chapter: 6 (plus appendix)

• Lecture notes (weeks 5 and 6)

• Discussion Handout: Original, Solutions, Mark-up

Week 7: Producer Theory I: Product curves, short run costs, and short-run costs

• Textbook chapters: 7 & 8

• Lecture notes

  • Chapter 7: Product curves and cost minimization

  • Chapter 8: Short-run costs and output decisions

• Discussion Handout: Original, Solutions, Mark-up

Week 8: Producer Theory II: Equilibrium in the short and long run; economies of scale

• Textbook chapters: 8 & 9

• Lecture notes

  • Chapter 8: Short-run costs and output decisions

  • Chapter 9: Long-run costs and output decisions

• Discussion Handout: Original, Solutions, Mark-up

Week 9: Producer Theory III: Input markets

• Textbook chapter: 10

• Lecture notes

• Discussion Handout: Original, Solutions, Mark-up

Week 10: Pareto efficiency and general equilibrium under perfect competition

• Textbook chapter: 12

• Lecture notes

• Discussion Handout: None

Week 11: Monopoly and price discrimination

• Textbook chapter: 13

• Lecture notes

• Discussion Handout: Original, Solutions, Mark-up

Week 12: Oligopoly and price discrimination

• Textbook chapters: 13 & 14

• Lecture notes

• Discussion Handout: Original, Solutions, Mark-up

Week 13: Game theory and monopolistic competition

• Textbook chapter: 15

• Lecture notes:

  • Game theory

  • Monopolistic competition

• Discussion Handout: Original, Solutions, Mark-up

Week 14: Public Goods, Externalities, and Tax Incidence

• Textbook chapter: 16

• Lecture notes

• Discussion Handout: Original, Solutions, Mark-up