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SL354, Intermediate Microeconomics Week 1 : March 3 – 7 MondayTuesdayThursdayFriday Exam 1 Exam 2 Exam 3 Exam 4 Exam 5 Problem Set 3 Equilibrium Varian, 16 Problem Set 2 Auctions Varian, 17 Profit Maximization Varian, 19 Welfare Varian, 33 Externalities Varian, 34 Information Varian, 35 Introduction Varian, 1 Budget Constraints Varian, 2 Preferences Varian, 3 Choice Varian, 5 Consumer Demand Varian, 6 [7] S. & I. Effects Varian, 8 Buying & Selling Varian, 9 Intertemporal Choice Varian, 10; Thaler, 8 – 9 Market Demand Varian, 15 Loss Aversion, etc. Thaler, 6 – 7 Asset Markets Varian, 11 Risky Assets Varian, 13 Capital Markets I Thaler, 10 – 11 Capital Markets II Thaler, 12 and 14 Utility Varian, 4 Problem Set 1 Thaler, 1 – 3 Uncertainty (Risk) Varian, 12 Problem Set 4 Technology Varian, 18 Exchange Varian, 31 Production Varian, 32 General Equilibrium TBD Auctions Thaler, 5 Asymmetric Information Varian, 37 Problem Set 5 Thaler, 15 Portfolio Theory TBD Week 2 : March 10 – 14 Week 3 : March 17 – 21 Week 4 : March 24 – 28 Week 5 : April 7 – 11 Week 6 : April 14 – 18 Week 7 : April 21 – 25 Week 8 : April 28 – May 2 Week 9 : May 5 – 9 Week 10 : May 12 – 16 Buying & Selling Varian, 9
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Buying & Selling Net Supplier of good Net Demander of good Initial Endowment Net Demander of good Net Supplier of good Initial Endowment
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Buying and Selling: Consumer Choice Theory with Endowments Decomposition of effects of a price change into substitution, ordinary income and endowment income effects: Price decrease of a good currently being demanded. SEOIE EIE
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Buying and Selling: Consumer Choice Theory with Endowments Decomposition of effects of a price change into substitution, ordinary income and endowment income effects: Price increase of a good currently being demanded. SEOIE EIE
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Buying and Selling: Consumer Choice Theory with Endowments Decomposition of effects of a price change into substitution, ordinary income and endowment income effects: Price decrease of a good currently being supplied. SEOIE EIE
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Buying and Selling: Consumer Choice Theory with Endowments Decomposition of effects of a price change into substitution, ordinary income and endowment income effects: Price increase of a good currently being supplied. SEOIE EIE
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Leisure, l Consumption, C Labor Leisure Labor-leisure tradeoffs and labor supply
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Labor-leisure tradeoffs and income taxes SEOIE EIE l C Labor Supply?
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Borrowing in period 1 Intertemporal Trades
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