Massachusetts Institute of Technology
14.03 - Intermediate Applied Microeconomics, Fall 2003
SCHEDULE
September
October
Sun
Mon
Tue
Wed
Thu
Fri
Sat
1
2
4
6
7
9
11
13
14
16
18
20
21
22
23
25
27
28
30
Sun
Mon
Tue
Wed
Thu
Fri
Sat
2
4
5
7
9
11
12
13
14
16
18
19
21
23
25
26
28
30
November
December
Sun
Mon
Tue
Wed
Thu
Fri
Sat
1
2
4
6
8
9
10
11
13
15
16
18
20
22
23
25
27
28
29
Sun
Mon
Tue
Wed
Thu
Fri
Sat
30
2
4
6
7
9
11
12
13
14
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
Detailed Course Schedule
| September 2003 | |||
| Sep-03 | Lecture #1 |
| Introduction; Varian chapt. 1; Card and Krueger (1994). |
| Sep-05 | Recitation | Mathematical Review. Varian Mathematical Appendix (pp. A1-A10). Varian Appendix to chapt. 5 (pp. 90-94). | |
| Sep-08 | Lecture #2 |
| Budget constraint; preferences; Varian chapts. 2 & 3; Card and Krueger (1994). |
| Sep-10 | Lecture #3 |
| Utility functions; constrained optimization; Varian chapts. 4 & 5. |
| Sep-12 | Recitation | Homework #1 due; Further review of constrained optimization. | |
| Sep-15 | Lecture #4 |
| Demand functions; Varian chapt. 6; Ahituv, Hotz and Philipson (1996). |
| Sep-17 | Lecture #5 |
| Income & substitution effects; Varian chapt. 8. Ahituv, Hotz and Philipson (1996). |
| Sep-19 | Recitation | Homework #2 due; further review of Slutsky equation; chapt. 8 Appendix. | |
| Sep-24 | Lecture #6 |
| Labor supply; Varian chapt. 9 (esp. pp. 173-179); Camerer et al (1997). |
| Sep-26 | Recitation | Homework #3 due; Midterm exam #1 prep. | |
| Sep-29 | Lecture #7 |
| Midterm exam #1 prep. |
| October 2003 | |||
| Oct-01 | Midterm #1 |
| Covering Varian chs. 1-6, 8 & 9; Card and Krueger (1994); Ahituv, Hotz and Philipson (1996); Camerer et al (1997); in-class exam, 90 mins, closed book. |
| Oct-03 | Recitation | Midterm Exam #1 reviewed. No homework due; Add Date. | |
| Oct-06 | Lecture #8 |
| Intertemporal choice; Varian chapt. 10; Grossman & Chaloupka (1998). |
| Oct-08 | Lecture #9 |
| Asset markets; Varian chapt. 11; Grossman & Chaloupka (1998). |
| Oct-10 | Recitation | Homework #4 due. | |
| Oct-15 | Lecture #10 |
| Consumer's surplus; market demand; Varian chapts. 14 & 15. |
| Oct-17 | Recitation | Homework #5 due; review appendices to chapts. 14 & 15 (pp. 264-265 & 283-287). | |
| Oct-20 | Lecture #11 |
| Elasticities & the Laffer curve; market equilibrium; Varian chapts. 15 & 16; Goolsbee (2000). |
| Oct-22 | Lecture #12 |
| Equilibrium & comparative statics; Varian chapt. 16; Goolsbee (2000). |
| Oct-24 | Recitation | Homework #6 due; review taxation with linear demand & supply; deadweight loss. | |
| Oct-27 | Lecture #13 |
| Technology; profit maximization; Varian chapts. 18 & 19. |
| Oct-29 | Lecture #14 |
| Cost functions; cost curves; Varian chapts. 20 & 21. |
| Oct-31 | Recitation | Homework #7 due; review appendices to Varian chapts. 19, 20 & 21 (pp. 347-348, 360-362, 377-378). | |
| November 2003 | |||
| Nov-03 | Lecture #15 |
| Envelope theorem; Varian chapt. 21; midterm exam #2 prep. |
| Nov-05 | Midterm #2 | Covering Varian chapts. 10-11, 14-16; 18-21; Grossman & Chaloupka (1998); Goolsbee (2000); in-class exam, 90 mins, closed book. | |
| Nov-07 | Recitation | Midterm Exam #2 review. No homework due. | |
| Nov-12 | Lecture #16 |
| Firm and industry supply; Varian chapts. 22 & 23. |
| Nov-14 | Recitation | Homework #8 due. | |
| Nov-17 | Lecture #17 |
| Monopoly and monopoly pricing; Varian chapts. 24 & 25. |
| Nov-19 | Lecture #18 |
| Factor markets; intro. to oligopoly; Varian chapts. 26 & 27; Harris (1987); Drop Date. |
| Nov-21 | Recitation | Homework #9 due; review Cournot, Stackelberg, Bertrand models. | |
| Nov-24 | Lecture #19 |
| Game theory; Varian chapts. 28 & 29; Doyle & Snyder (1999). |
| Nov-26 | Lecture #20 |
| Pure exchange and production economies; Varian chapts. 30 & 31. |
| December 2003 | |||
| Dec-01 | Lecture #21 |
| Welfare economics and externalities; Varian chapts. 32 & 33. Ayres & Levitt (1998). |
| Dec-03 | Lecture #22 |
| Externalities; Varian chapt. 33; Ayres & Levitt (1998); Carlson, Burtraw, Cropper & Palmer (2000). |
| Dec-05 | Recitation | Homework #10 due. Review Varian appendices to chapts. 30, 31 & 32. | |
| Dec-08 | Lecture #23 | Information technology & public goods; Varian chapts. 34 & 35. | |
| Dec-10 | Lecture #24 | Course review and final exam prep. | |
| Dec-15 | Final Exam Period begins. | ||
| Dec-16 | Final Exam | Final Examination, 1:30-4:30pm, duPont. | |
Last updated 04-Dec-2003 at 12:30 EST by jeffrey@mit.edu
Since 22-Aug-2002