Econ 3010 Syllabus Spring-2019 PDF

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ECON 3010: Intermediate Microeconomic Theory Vanderbilt University, Spring 2019 ______________________________________________________________________________ Instructor: Hojat Ghandi Email: [email protected] Office Hours: Monday 11 -12:30, Tuesday & Thursday 11:30- 12:30, or by appointment. Office: 201 Calhoun Hall Phone: 615-322-7353 TA: Ji Hye Heo Email: [email protected] Office Hours: Friday 11:00-12:00 Office: Stevenson 1115 Textbook: Intermediate Microeconomics by Hal Varian. Or Intermediate Microeconomics with calculus by Hal Varian. Prerequisites: ECON 1010, 1020, and either MATH 1100, 1200, or 1300 ______________________________________________________________________________ Description of the Course: This course is an introduction to theoretical framework for microeconomic analysis. We will study the behavior of economic agents including households, firms, and government. This involves developing models to understand household behavior, firm behavior, and the interaction of firms and households in various market settings. We will also explore situations in which markets fail to produce efficient outcomes and how these situations might be remedied.

Textbook: The textbook for this course is Intermediate Microeconomics by Hal Varian, 9th edition. You may use older editions. Course Outline: The following is the general course outline. The order and content are subject to change. WEEK 1:  Introduction  The Market [Ch. 1] WEEK 2:  The Market [Ch. 1] continued  Budget Constraint [Ch. 2]  Math Appendix  Preferences [Ch. 3] WEEK 3:  Utility [Ch. 4]  Choice [part of Ch. 5]  Chapter 5’s Appendix. WEEK 4:  Demand [Ch. 6]  Revealed Preference [Ch. 7] WEEK 5:  Slutsky Equation [Ch. 8]  Other topics WEEK 6:  Consumers’ Surplus [Ch. 14]  Midterm 1 WEEK 7:  Market Demand [Ch. 15]  Equilibrium [Ch. 16] WEEK 8:  Technology [Ch. 19]  Profit Maximization [Ch. 20] 1

WEEK 9:  Cost Minimization [Ch. 21]  Cost Curves [Ch. 22] WEEK 10:  Firm Supply [Ch. 23]  Industry Supply [Ch. 24] WEEK 11:  Monopoly [Ch. 25]  Midterm 2 WEEK 12:  Monopoly Behavior [Ch. 25]  Oligopoly [Ch. 28] WEEK 13:  Game Theory [Ch. 29] WEEK 14:  Externalities [Ch. 35]  Public Goods [Ch. 36]  Asymmetric Information  Other topics WEEK 15:  FINAL

Exams and Homework: There will be two midterm exams. Each will be worth 25% of your total grade. A cumulative final exam, worth 35% of your final grade, will be given at the end of the semester. Homework will be posted on Brightspacce. Homework scores will be worth 10% of your total grade. I will announce details of a final project as we proceed in our class. This final project will be worth 5% of your total grade. 2 Midterms: 25% each (50% total) Homework Assignments: 10% total Cumulative Final Exam: 35% Final project: %5

Exams may include multiple choice and short answer questions. Problem solving skills will be required. Exams may include material from reading assignments, lectures, and homework assignments. Important points will be emphasized in class.

Exam Dates: Exam 1: Thursday, Feb 14 Exam 2: Thursday, March 28 Final exam: Look at your Primary Final Examination Schedule. The date is set by the university registrar. Alternate Final Examination Date is not offered for this class.

Honor Code: Collaboration on solving homework assignments and final project is encouraged in this course. But you must follow the rules and instructions. Final project must be an original work. Sharing information in an exam is against the honor code. This syllabus represents a basic course plan that is subject to change.

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