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Course Weekly Lecture Plan

Week Topic
1 Introduction (Ch. 1)
2 Demand, Supply and Market; Elasticities (Ch. 2)
3 Consumer Theory I: Preferences, Utility and Choice (Ch.3)
4 Consumer Theory II: Individual and Market Demand ( Ch.4) (Additional material: Nicholson Ch.7)
5 Production (Ch. 6)
6 Short-run Behaviour of the Firm (Ch. 7 sections 7.1 and 7.2) (Ch. 8 sections 8.1-8.6 incl.)
7 Long-run Behaviour of the Firm (Ch. 7 sections 7.3-7.5) (Ch. 8 sections 8.7 and 8.8) with Appendix to Ch. 7
8 Analysis of Competitive Markets (Ch. 9)
Externalities (Ch. 18 section 18.1)
9 Market Power: Monopoly (Ch.10 sections 10.1-10.4 incl.)
10 Pricing with Market Power (Ch.11)
Midterm Exam 2 (on Ch.7-11)
11 Monopolistic Competition and Oligopoly (Ch. 12)
12 Game Theory and Strategy (Ch. 13)
Quiz 2
13 General Equilibrium and Economic Efficiency (Ch 16.)
14 Markets with Asymmetric Information (Ch. 17 section 17.1-17.4) (if time permits)
 
 
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