Economics 711: Microeconomic Theory

Fall 2009
1-2:15, 6240 Social Science and 2:30-3:45, 6203 Social Science

John Kennan, 6434 Social Science, jkennan@ssc.wisc.edu
Office Hours: Monday, 1:30-3:30

TAs:

Chang-Koo Chi 7308 Social Science cchi2@wisc.edu

Michael Rapp 7230 Social Science mrapp@wisc.edu

This course is the first of four modules in the basic microeconomics sequence. We will study supply and demand.

Text:
Microeconomic Theory, by Andreu Mas-Colell, Michael D. Whinston, and Jerry R. Green, Oxford University Press, 1995.

There will be weekly problem sets, on assorted topics, including some that may be related to the material being covered in class. These problem sets will be graded, and reviewed in discussion sections.

Topics:

• Preferences
  • Text, Chapter 1.
• Consumer Choices
  • Text, Chapter 2.
• Utility Maximization
  • Text, Chapter 3.
• Aggregation
  • Text, Chapter 4.
• Supply
  • Text, Chapter 5.
• Risk
  • Text, Chapter 6.

Grades:

There will be an exam on Thursday, October 22 (in class). This exam counts for 35% of the grade for Econ 711, and the problem sets count for 15% (the second half of 711 determines the other 50%).