Summer Session at CMC

ECON101 CM: Intermediate Microeconomics - Course Outline

Professor S. Brock Blomberg
Robert Day School of Economics and Finance
Claremont McKenna College

Overview    |    Course Outline

Course Outline and Assignment Schedule

The class will follow the schedule below. While a topic and/or chapter may have to be omitted due to time constraints, test dates will not change. If you have a conflict, let me know as soon as possible. In addition to the Varian textbook, several other readings will be assigned (see below). You will be able to find these readings on the class webpage. Powerpoint slides for each topic will generally also be posted on the class website before the lecture on that topic.

Introduction/Calculus Review

How do we model individual behavior?

  • Budget constraints
  • Preferences
  • Utility Theory
  • Choice
  • Consumer Demand
  • Labor Supply
  • Expected Utility Theory

Midterm #1

How do we model the behavior of firms? How does a firm decide how to build something?

  • Technology/Production
  • Input Factor Demand
  • Cost curves
  • Profit Maximization

Midterm #2

What affects a Market Equilibrium?

  • Partial Equilibrium & Welfare Analysis

How can markets fail to be efficient?

  • Monopoly
  • Intro to Game Theory
  • Oligopoly
  • Externalities
  • Public goods
  • Uncertainty
  • Asymmetric Information

Final