This course provides an introduction to theory and data designed to meet the needs of students interested in economic science. It provides an introduction to consumer choice, the theory of the firm, and general equilibrium models, with an overview of the main results and tools used in studying these topics, both directly in economics and indirectly in various other fields.
Overview
Syllabus
- Final Exam Review for Intermediate Microeconomic Theory
- Exam #1 Review for Intermediate Microeconomic Theory
- Lecture 1: Economic Science
- Exam #2 Review for Intermediate Microeconomic Theory
- Lecture 2: Consumer Choice
- Lecture 3: Income and Substitution Effects
- Lecture 4: Production and Profit Maximization
- Lecture 5: Uncertainty and Linear Programs
- Lecture 6: Dynamics and Programming
- Lecture 7: Pareto Optimality
- Lecture 8: Risk-Sharing Application
- Lecture 9: Risk-Sharing with Production
- Lecture 10: Ledgers and Management
- Lecture 11: Contracts and Mechanism Design
- Lecture 12: Contract Application, Obstacles
- Lecture 14: Real and Financial Flows: Thailand
- Lecture 15: Data and Policy in the United States
- Lecture 16: Fundamental Welfare Theorems
- Lecture 17: Existence of Equilibria
- Lecture 18: Aggregation
- Lecture 19: Identification and Falsification
- Lecture 20: Failure of Welfare Theorems
- Lecture 21: Bubbles
Taught by
Prof. Robert M. Townsend
