# 14.121: Microeconomic Theory I

## Syllabus

Professor Susan Athey

E52-251B, athey@mit.edu

Office Hours: Tuesday 4-5:30 p.m.

TA: Charles Morcom

E52-243C, chasm@mit.edu

Office Hours: TBA.

Class: Monday-Wednesay, 1-2:30 p.m., E51-151.

Recitation: Friday, 1-2:30 p.m., E51-151.

### Course Overview

This course is designed to provide an introduction to microeconomic theory
for

students planning to pursue a PhD in economics. The main topics which will
be

covered are the theory of the consumer and the theory of the firm, as well
as the

basics of market equilibrium.

### Prerequisites and Enrollment

The course will be taught assuming that students have taken an intermediate

microeconomics course at the undergraduate level. Further, students should
have

a working knowledge of multivariate calculus and linear algebra, as well
as

some exposure to real analysis. These prerequisites are essential for success
in this course. Students whose backgrounds are weak in some areas should
plan to devote extra time, particularly in the first two weeks, to review
the mathematical prerequisites.

Enrollment in this course is limited, and permission is required for
students

outside of the economics department. Permission can be obtained by

attending the first class meeting and providing information about previous

coursework in mathematics and economics.

### Course Requirements

There will be approximately six problem sets, which will be graded on a
"check, check-,

and no credit" scale. You may work in groups, but please do the "write-ups"

individually. Thus, we do not expect to see identical answers to problems
from

different students. The problem sets will count at the margin towards your
grade.

There will be a final exam to be given between October 23 and October 26;
details to be settled in class.

ÿ