UNC-Chapel Hill ECON 410 - ECON 410 SYLLABUS (2 pages)

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ECON 410 SYLLABUS



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ECON 410 SYLLABUS

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Pages:
2
School:
University of North Carolina at Chapel Hill
Course:
Econ 410 - MICRO THEORY Lecture 3
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Economics 410 Instructors Office Office Hours Web Intermediate Microeconomics Biglaiser Parreiras GA 306A gbiglais email unc edu GA 200B sergiop unc edu T TH 9 45 10 45 and by appointment T TH 9 45 10 45 and by appointment http blackboard unc edu Theme of the Course This course is designed to teach the basic tools of microeconomic analysis These tools will be useful in courses of applied microeconomics such as industrial organization labor economics trade and public finance Grading Criteria There will be three midterms and a final exam The two highest midterm scores will each account for 30 of your grade We will drop the lowest midterm score The final will account for 40 You are responsible for both the material presented in class and the assigned reading The midterms are on 16 September 14 October and 16 November The final is 16 December at 4pm No makeup exams will be given Course Philosophy Learning by doing We will suggest homework questions throughout the term About every other week you will be asked to turn some of the homework questions in your recitation section These questions will be evaluated to give you feedback on your answers They will not be used as input for your grade We strongly suggest that in order to acquire a working knowledge of the tools of microeconomic analysis that you do not restrict attention only to problems assigned in class or to those reviewed in class recitation Other policies There are no partial regrades any regrade request applies to the entire examination Any email communication with instructors or teaching assistants shall be throughout the UNC e mail system emails from gmail hotmail etc may not be answered Please do not use laptops or phones during the class meetings to surf the web or email Course material will be posted on blackboard Required Software Mathematica which can be ordered free of charges at https help unc edu 3705 Onyen login required Mathematica will be mainly needed in the second half of the course Reading Material Perloff s Microeconomics Theory and Applications with Calculus and other material Outline of Course I Introduction 1 Preliminaries 1 and Mathematical Appendix A1 A6 2 Basic Notions of Demand and Supply 2 1 2 4 3 Elasticity and Applications 2 5 2 8 II Consumer Theory 1 Preferences and Utility Functions 3 1 3 2 2 Budget Constraints 3 3 3 Optimal Choice 3 4 4 Demand Functions 4 1 4 4 5 Income and Substitution Effects 4 3 6 Consumer Welfare 5 1 5 3 7 Applications 5 4 5 5 III Producer Theory 1 Production Functions 6 1 6 4 2 Returns to Scale and Technological Progress 6 5 6 6 IV Costs 1 Costs and Basic Problems 7 1 7 5 V The Competitive Model 1 Model 8 1 2 Profit Maximization 8 2 3 Short Run Equilibrium 8 3 4 Long Run Equilibrium 8 4 5 Applications 9 1 9 5 VI Market Power I 1 Basic Monopoly 11 1 11 8 2 Price Discrimination 12 1 12 6 VII Market Power II 1 Defining a Market 13 1 2 Oligopoly Experiment 3 Static Game Theory 14 1 4 Homogeneous Products Oligopoly 13 3 13 7 5 Repeated Games and Collusion 14 3 13 2 VII Topics 1 Risk 16 1 16 4 2 Adverse Selection 18 1 18 5 3 Moral Hazard 19 1 19 6 4 Auctions 14 4 5 General Equilibrium 10 1 16 7 6 Externalities 17 6 7 Public Goods 17 7


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