EconS 501, Advanced Microeconomic Theory I

Syllabus – EconS 501
Class Slides:
1. Consumer Preferences and Utility
2. Demand Theory
3. Demand Theory – Applications
4. Production Theory
5. Choice Under Uncertainty
  - Subjective Probability Theory
  - Alternatives to Subjective Probability Theory
6. Perfectly Competitive Markets (Partial and General Equilibrium)
7. Monopoly markets (and Price Discrimination).
  - Handout on second-degree price discrimination (non-linear pricing). Link.
8. Externalities and Public Goods
9. Imperfect Competition
Homework Assignments:
1. Homework #1 – Answer key.
2. Homework #2 – Answer key.
3. Homework #3 – Answer key.
4. Homework #4 – Answer key.
5. Homework #5 – Answer key
6. Homework #6 – Answer key
7. Homework #7 – Answer key
Weekly Review Sessions (contain practice exercises with answer keys):
1. Preferences and Choice, Review Exercises
2. Utility and Demand I, Review Exercises
3. Utility and Demand II, Review Exercises
4. Utility and Demand III, Review Exercises
5. Applications of Demand Theory, Review Exercises
6. Production Theory I, Review Exercises
7. Production Theory II, Review Exercises
8. Competitive Markets, Review Exercises
9. Choice under Uncertainty I, Review Exercises
10. Choice under Uncertainty II, Review Exercises
11. Monopoly, Review Exercises
12. Externalities, Review Exercises
13. Public Goods, Review Exercises
14. Imperfect Competition, Review Exercises
  - For more exercises with detailed answer keys, see Practice Exercises for Advanced Microeconomic Theory, MIT Press, Link, and eBook format.
Exams
- Midterm exam #1, Answer key.
- Midterm exam #2, Answer key.
- Final exam, Answer key.

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