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Fall 2000 Module 2
Lecturers:
Sergei
Guriev
(groups A and B) and
Alla Friedman
(groups C and D)
Teaching
assistants: Andrei Rachinsky (A), Ahmed Ahmedov (B),
Alexey Makrushin (C), Irina Slinko (D)
Summary
The
course follows Microeconomics 1 in the Intermediate Microeconomics
sequence. This part concentrates on production, theory of the
firm and market structure.
Textbooks
The
main textbook for the course is Nicholson, Walter. Microeconomic
Theory. Basic Principles and Extensions. 7th edition.
Dryden Press, 1998. Students may also choose other editions and
other Intermediate Microeconomics text such as ones by Varian
and Pindyck Rubinfeld. The chapters below are given for the 7th
edition of Nicholson.
Syllabus
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Chapters
in Nicholson
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- Production
function. Costs
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11,12
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Profit
maximization and cost minimization
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13
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Supply
of a competitive firm.
Partial equilibrium under perfect competition.
Applied competitive analysis
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13,14,
15
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Monopoly.
Price discrimination.
Regulation of monopolies.
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18
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Strategic
behavior and oligopoly
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19-20
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Course
grade
There
will be 6 problem sets and a final exam. Each problem set will
be distributed in the first lecture of each week and will be due
prior to the sections next week.
The
course grade will be maximum of the final exam grade and the weighted
average of final exam and problem set grades (with relative weights
70% for the final exam and 30% for the problem sets).
course
grade = Max { final, 0.7*final + 0.3*psets }
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