ECON 356 - Handouts and Assignments

Handouts and Assignments

ECON 356 - Intermediate Microeconomic Theory

Homework and Reading Assignments

Week of August 30

August 31 - Introduction to the Class and Start Review of Principles

September 2 - The Nature and Method of Economics - Review of Principles Plus Reading Assignment: "Economics and Measurement" (Posted) and Outline One Below and Outline Two Below

No Homework This Week

Week of September 6

September 7 - Outline Two (cont.) and we might start Outline Three

September 9 - Outline Three and read "Do Consumers Have Too Many Choices? (handed out in class and linked below)

Week of September 13

Homework Assignment One - Due Tuesday, September 14

Sept. 14 - Outline Three (cont.) and we might start Outline Four.

Sept. 16 - Outline Four and the reading "Marginal Utility is Not Rocket Science" and we might start Outline Five

Week of September 20

Sept. 21 - ICE over marginal utility theory and discussion of "Marginal Utility is Not Rocket Science" and Outline Five and "Income and Substitution Effects - A Summary"

Homework Assignment Two - Due Thursday, September 23

Sept. 23 - Outline Five (cont.) and ICE 4and we will start Outline Six

Week of September 27

Sept. 28 - Outline Five (cont.) and ICE 4. Make sure you have reviewed the study questions so you can ask questions now! Link to study questions posted below.

Sept. 30 - FIRST EXAM - Link to Study Questions Posted Below

Week of October 4

Oct. 5 - Outline Six and ICE 5 and and we might start Outline Seven.

Oct. 7 - Outline Seven and ICE 6. Readings on Signaling - read for next week.

Week of October 11

Oct. 12 - ICE 6 Outline Eight - Readings on Signaling.

Homework Assignment Three - Due Tuesday, Oct. 12

Oct. 14 - Outline Eight (cont.) and ICE 7

Week of October 18

Oct. 19 - Finish Handout Eight and do ICE 7. Start Handout Nine. Read the Williamson article.

Oct. 21 - Handout Nine and ICE 8. Quiz over the Williamson reading. Read the article by Murphy (I will handout on Tuesday).

Week of October 25

Oct. 26 - Handout Nine (cont.)

Homework Assignment Four - Due Tuesday, Oct. 26

Oct. 21 - Finish Handout Nine and ICE 8. We might start Handout Ten.

Week of November 1

Nov. 2 - Handout Ten and ICE 9. Make sure you have reviewed the study questions so you can ask questions now! Link to study questions posted below.

Nov. 4 - SECOND EXAM - Link to Study Questions Posted Below

Week of November 8

Nov. 9 - Handout Eleven and ICE 10.

Nov. 11 - Handout Twelve and ICE 11. I will give you a handout by Hayek, "Competition as a Discovery Procedure" to read for next week.

There will be a homework due on Thursday, Nov. 18. (I will post on Friday, Nov. 12)

Week of November 15

Nov. 16 - Continue Handout Twelve and ICE 11 .

Nov. 18 - Handout Thirteen and ICE 12. Quiz over Hayek, "Competition as a Discovery Procedure" and extra credit opportunity (only for students who will be in class on Nov. 18 and Nov. 30) - see News Flash.

Homework Assignment Five Due on Thursday, Nov. 18.

Week of November 22 - NO CLASS - THANKSGIVING BREAK -

Week of November 29

Nov. 30 - Handout Thirteen and ICE 12.

Nov. 18 - Handout Fourteen and ICE 14 - Make sure you have read the three Chapters from the Elgar Companion to Austrian Economics (short quiz over these readings today).

Week of December 6

Dec. 7 - Handout Fourteen and ICE 14.

Homework Assignment Six Due on Tuesday, Dec. 7.

Dec. 9 - Finish Handout Fourteen and ICE 14 and we should have time for anyone who so desires to present their paper analysis to the class for extra credit (just a 5-10 minute synopsis). PLUS Paper DUE - (late papers will be penalized 10% per day - including the day it is due, i.e., papers turned in after 12:20 will be considered late).

Week of December 13

FINAL EXAM, Thursday, Dec. 16, 12:00-2:00 Study Questions posted below.

Topic Outlines (outline topics and the order presented are subject to change - I will bring copies with me to class)

Outline One: The Nature and Method of Economics - Review (I will bring copies to class with me)

Outline Two: Pricing and the Demand and Supply Model

Outline Three: Consumer Behavior (or where does the demand curve come from?)

Outline Four: Utility and Consumer Choice

Outline Five: Individual Demand

EXAM ONE

Outline Six: Market Demand

Outline Seven: More Applications of the Rational Choice Model

Outline Eight: The Economics of Information and Choice Under Risk/Uncertainty