Intermediate Microeconomics

 

 
     

Lecturer:

Dr. Thomas Riechmann

Time:

Tuesday 05.15-06.45 p.m.,
building 22A room 020

Wednesday 11.15-12.45 a.m.,
building 22A room 020

Exercise course :

Wednesday 05.15-06.45 p.m.,
building 10 room 110

 

Outline:

This outline, especially the dates are very probably due to constant change. Keep an eye on what is happening here!

Chapters in the following table refer to Varian's "Intermediate Microeconomics", 6th edition

As usual for more or less everything that I do, be careful with the answers. They might be correct, but they might just as well be nonsense. If they are nonsense, let me know, so that we can correct the answers.


Documents:

Date

Topic

Chapter

Problem Set

Answers

10/11
10/12

 Introduction
-
-
-
10/18 Budget Constraint
2
-

10/19
10/25

 Preferences and Utility
3, 4
-
10/26 Household Choice
5
-
11/01 Individual Demand
6
-
11/02 Revealed Preverences
7.1-7.7
-
-
11/08 Slutsky Decomposition
Compensating and Equivalent Variation
8, 14.8
-
11/09 Endowment Economies
9.1 - 9.4, 9.8, 10.1 - 10.3
-
11/15 Market Demand
15
-
11/16 Consumer's Surplus
14.1 - 14.7
-
11/22 Technology
18
-
11/23 Profit Maximization
19
-
11/29
11/30		 Costs and Cost Minimization
20 - 21
-
12/06 MIDTERM
ALL (right?)
-
-
12/07 Individual Supply
22
-
12/13 Market Supply
14.9, 23
-
12/14 Market Equilibrium
16
-

12/20
12/21
01/10

 Monopoly and Monopoly Behavior
24.1 - 24.6, 25
-
01/11
01/17		 Basics of Game Theory
28 - 29
-
-
01/18
01/24
 Oligopoly
27.1 - 27.2, 27.5 - 27.9
-
01/25
01/31		 Exchange, Pareto Efficiency, and Welfare Theorems
30
-
02/01 Summary, Repetitions
-
-
-

Any problems with the problems? Drop me a mail: T. Riechmann

 

Literature:

    

If you are really ambitious or you do not know what to do in you free time or, well ...
... then there are some more books worth reading (In fact, some are even more worth than the one by Varian):

  Andrew Schotter, Microeconomics, 3rd ed. 2001
Full of nice experimental evidence.

Robert H. Frank, Microeconomics and Behavior, 4th ed. 1999
A little too simple for an Intermediate course, but who cares?

Brian Binger and Elizabeth Hoffman, Microeconomics with Calculus
This is my personal favorite. Nice and precise.

 

 

Past Midterm Exams:

    
There is going to be a midterm on December 6th. (Short but true!)
Here are the questions from some previous years' midterms along with some hints for the answers: 		 

Winter 2002/2003 (PDF)

Winter 2003/2004 (PDF)

Winter 2004/2005 (PDF)

 

 

Past Final Exams:

   
Here are some recent final exams along with hints for the answers:  

Winter 2002/2003 (PDF)
Repetition 2002/2003 (PDF)

Winter 2003/2004 (PDF)
Repetition 2003/2004 (PDF)

 

 

    

Slides:

    
Household Choice (PDF)

Computing the Substitution Effect in 4 and a Half Steps (PDF).

Profit Maximization (PDF)		   Some people find that oligopoly thing a little hard to understand. Give it a try with this one (PDF).

Here are the slides that belong to the introductory oligopoly--like example (PDF).

Finally, talking about oligopolies, here is the real thing: Some Models of Oligopoly (PDF).