Syllabus PDF

Preview

Summary

A syllabus for Intermediate Micro...

Description

Intermediate Microeconomics New York University Fall 2019

Professor : Laurent Mathevet 19 W 4th St, office 612 [email protected] Office hours : M 10.00-12pm TAs : Aleksandra Alferova 19 W 4th St, office 717 Office hours : W 2.30-4.30pm [email protected] TH 4.55-6.10pm at GCASL 288 F 12.30-1.45pm at GCASL 288

Peter Li 19 W 4th St, office 621 Office hours : W 10.00-12.00pm [email protected] TH 3.30-4.45pm at 45W4 B02 F 12.30-1.45pm at GCASL 361

Giovanni Montanari 19 W 4th St, office 631 Office hours : W 5.30-7.30pm [email protected] F 9.30-10.45pm at GCASL 288 F 11.00-12.15pm at SILV 410 Lectures :

Tu-Thu 11-12.15pm at 19W4 101

Course Description: Examines the way in which producers, consumers, and resource owners acting through the market determine the prices and output of goods, the allocation of productive resources, and the functional distribution of incomes. The price system is seen as a network of interrelated decisions, with the market process serving to communicate information to decision makers. Prerequisites: (Econ-UA 2 or Econ-UA 9002 or Econ UB 1 or ECI-UF 1002 or Econ-AD 101 or AP Microecon with score of 4 or 5) and (Math-UA 121 or Math 211 or Math-AD 110 or CALCAB with score of 4 or 5 or CALCBC with score of 4 or 5). All with a minimum grade of C or Math-UA 122 or Math-UA 123.

1

Texts: 1. (Required) Varian, Hal R., Intermediate Microeconomics: A Modern Approach, 8th Edition or above, 2010. 2. (Optional – highly recommended) Bergstrom, Theodore C. and Hal Varian, Workouts in Intermediate Microeconomics, 8th Edition or above, 2010. 3. (Optional) Perloff, Jeffrey M., Microeconomics, 5th Edition or above, 2008. Grading: There will be weekly homework sets, two mid-term exams (in class, not cumulative) and a cumulative final exam. All exams are closed-books. Homework counts for 25%, each mid-term exam counts for 20%, and the final exam counts for 35%. Every exam and homework set will be graded on a scale of 100 points. Exam Dates : Midterm 1: Thursday, October 10th. Midterm 2: Tuesday, November 12th. Final Exam: Tuesday, December 17th (10.00-11.50am) Please make sure that you will be able to attend class on all of the exam dates. Missed exams will not be rescheduled, and will only be excused without penalty if the absence is due to a verifiable emergency or some other reason that the university officially recognizes as legitimate. In this case, the weight will be reallocated onto other exams. Exams missed for unexcused reasons will receive a score of 0. Homework sets are an important, indispensable part of the course. There is no way to understand the material without them. I encourage you to work on the problem sets in study groups, but you should spend time thinking about them on your own as well. To get any credit, everyone must write up their own solutions. Other Policies: Attendance in lectures is highly recommended. Late homework assignments are not accepted under any circumstances other than for legitimate reasons. There will be no extra credit work. Cell phone use is forbidden during exams (bring a calculator). NYU provides upon request appropriate academic adjustments for qualified students with disabilities. For more information, contact the Moses Center for Students with Disabilities at 212-998-4980.

2

Outline of The Class

Day

Topic

Sep. 3

Introduction Demand Theory Consumption Set and Budget Constraint Preference Relations Preferences and Utility Choice Choice (cont.) Comparative Statics of the Demand Function Revealed Preferences Slutsky’s Equation Consumer’s Surplus Review Session Midterm 1 Choice under Uncertainty Intertemporal Choice Competitive Equilibrium in an Exchange Economy Competitive Equilibrium (cont.)

Sep. Sep. Sep. Sep. Sep. Sep. Sep. Oct. Oct. Oct. Oct. Oct. Oct. Oct. Oct.

5 10 12 17 19 24 26 1 3 8 10 17 22 24 29

Oct 31 Nov. 5 Nov. 7 Nov. 12

Producer Theory Technology and Cost Minimization Firm Supply Review Session Midterm 2

Nov. 14 Nov. 17

Imperfect Competition Monopoly Oligopoly

Reading

Chapter 2 Chapter 3 Chapter 4 Chapter 5 Chapter 5 Chapter 6 Chapter 7 Chapter 8 Chapter 14 Material thru Oct. 3rd Chapter 12 Chapter 10 Chapter 31 Chapter 31

Chapters 18 and 20 Chapter 22 Material thru Nov. 5th

Chapter 24 Chapter 27

Game Theory Nov. 19 Static Games: introduction Nov. 21 Dominance Pure Nash Equilibrium Nov. 26 Mixed Nash Equilibrium Dec. 3 Application to Auctions Dec. 5 Dynamic Games: Subgame Perfection Dec. 10 Dynamic Games (cont.) Dec. 12 Review Session

3

Chapter 28 Chapter 28 Chapter 28 Chapter 28 Chapter 17 Chapter 28...