EC 11: Syllabus

Reading and other assignments

Week	Week of (Problem set link)	Text and Other Readings
1	September 4 Prob. set- wk 1	Text: Chapter 1, The Market Economy Readings: "Introduction" Breit, Hochman, and Saueracker "Social economic organization" Knight
2	September 11 Prob. set- wk 2	Text: Chapter 2, Consumer Choice Chapter 3, Comparative Statics and Demand Readings: "De gustibus non est disputandum" Stigler and Becker
3	September 18 Prob. set- wk 3	Text: Chapter 4, Price Changes and Consumer Welfare Readings: "The Marshallian demand curve" Friedman
4	September 25 Prob. set- wk 4	First midterm: September 29 & 30 Text: Chapter 5, The Household as Supplier Readings: "A Neoclassical theory of Keynesian unemployment" Gordon
5	October 2 Prob. set- wk 5	Text: Chapter 6, Choice Under Uncertainty Readings: Kohler text various: PP. 298-309 and 326-332 and workbook "Economics of information" (excluding part II), Stigler ** "Transactions costs, risk aversion and the choice of contractual arrangements" Cheung
6	October 9 Prob. set- wk 6	Text: Chapter 7 (pp 197-217, Intro, Sections 7.1 and 7.2), The Firm and its Goals Chapter 8, Technology and Production Readings: none
7	October 16 No problem set	Fall break
8	October 23 Prob. set- wk 8	Text: Chapter 9, Cost Chapter 10, The Price-Taking Firm Readings: "The short run revisited" de Alessi
9	October 30 Prob. set- wk 9	Text: Chapter 11, Equilibrium in Competitive Markets Chapter 12, General Equilibrium and Welfare Economics Readings: "The simple analytics of welfare maximization" Bator
10	November 6 Prob. set- wk 10	Text: Chapter 13, Monopoly Readings: "The concept of monopoly and the measurement of monopoly power" Lerner ** "On the economics of transfer pricing" Hirshleifer (also available here)
11	November 13 Prob. set- wk 11	Second midterm: November 16 & 17 Text: Chapter 18, Externalities and Public Goods Readings: "...Issues pertinent to the issue of market versus nonmarket allocation" Arrow ** "The problem of social cost" Coase
12	November 20 Prob. set- wk 12	Thanksgiving break; no class on Thursday or Friday Text: Chapter 17, Asymmetric Information Readings: none
13	November 27 Prob. set- wk 13	Text: Chapter 7 (pp. 217-end, Sections 7.3 and 7.4) The Firm and its Goals Chapter 14 More on Price-Making Firms Chapter 15 Oligopoly and Strategic Behavior Readings: "Economic theory and the meaning of competition" McNulty ** "The basis of some recent advances in the theory of management of the firm" Alchian
14	December 4 Prob. set- wk 14	Text: Chapter 16, Game Theory Readings: none
15	December 11 No problem set	Wrap up and review

**(italics) marks an optional reading

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