Microeconomics for Information Professionals
Dates |
Subject |
Readings |
Homework |
|---|---|---|---|
| September 6 | Introduction; Differential Calculus and Optimization | Ch. 1, 2 (p30-34), Web Ch. A. |
Web Ch. A # 5, 6, 7, 18, 22 |
| September 13 | Consumer Theory Experiment: An apple market |
Ch. 3, 3A | Web Ch. A # 12, 13; Lab report |
| September 20 | Market Demand | Ch. 3, 3A | p.106 #2 (b), 3, 10, 11, 24(a,c,d),28. Prove constant elasticity in example. |
| September 27 | Production Analysis; Cost Analysis; | Ch. 7, 7A;Ch. 8, 8A | Ch. 7 p.311-315: #4, 5, 6, 12, 16. p.318: #1(a,b,c,d). Ch.8. p.348-354: #8,9 |
| October 4 | Pricing: perfect competition;
Experiment: p-beauty contest; Dominance and Iterative dominance |
Ch. 10 (p.402-422) | Not required: p.432 Exercise 6, 7, 8, 9 |
| October 11 | 1st Midterm: in class; Review: Probability | ||
| October 18 | Summary: Midterm; Experiment: monopoly and cartels |
Ch. 12, 16 | Lab report |
| October 25 | Pricing: monopoly | Ch. 12, 16 | p.495-496 Exercise 9, 12. p.667 Exercise 5, 6 |
| November 1 | Game theory I: normal form games of complete information; | Ch. 14 (p.564-568) | Supplementary homework in Resources folder |
| November 8 | Game theory II: extensive form games
of complete information; Pricing: oligopoly |
Ch. 14 (p.539-564) Ch. 13 |
Supplementary homework in Resources folder |
| November 15 | Asymmetric Information: Adverse selection and Moral Hazard | Ch. 11 and 17 | |
| November 22 | Game theory III: games of incomplete information; Auctions; Experiment: auctions |
Ch. 15 | |
| December 6 | 2nd Midterm: in class |
Note: All homework assignments are due in class the next Friday.