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14.121: Microeconomic Theory I

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Fall 1998 Syllabus

Professor Susan Athey

E52-252C, athey@mit.edu

Office Hours: Wednesdays 11-12 and by appt.
TA: Scott Ashworth mailto:ashworth@mit.edu

Phone: 3-8709. Office Hours: E52-243F, Tues 10:30-11:30, Wed 3-4.

Class: Tuesday-Thursday, 9-10:30am, E51-372

Recitation: Friday, 9-10:30 p.m., E51-376.

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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.

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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. Please be advised that

students outside the economics department may be better served

by a variety of other altnerative undergraduate or Sloan school classes.

Students outside of the economics department have historically had

difficulty with this class.

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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 26 and October
29; details to be settled in class.

Economics Department students who do not pass the exam will be required
to retake

the exam at a later date.