Class Times
The class meets Tuesday and Thursday from 2:00pm to 3:15pm in DM-323.
Course Description
This course is the third portion of the graduate microeconomic theory sequence.
Textbooks
- My micro theory manuscript, which will be made available to the class.
- Andreu Mas-Colell, Michael Whinston, and Jerry Green, Microeconomic Theory, Oxford University Press, New York, 1995.
Office Hours and Contact Info
If you have questions, you may ask immediately after class, or come to my office. Regular office hours are 1:00-1:45pm and 3:30-4:30pm on Tuesday and Thursday. I will be happy to make an appointment for another time if that is more convenient. My office is DM-311A, my phone number is 348-3287, and my email is <boydj@fiu.edu>.
Exams, Homework, and Class Participation
The in-class midterm is worth 30% of your grade. The final is worth 50% of your grade.
The mid-term was on Tuesday, October 13. Here are the answers.
The final was at 12:00 noon on Thursday, Dec. 10 in DM-323. Here are the answers.
Sample Exams
Here are some previous midterm exams:
Here are some previous final exams:
- 2007 (answers)
- 2008 (answers)
- 2011 (answers).
- 2012 with answers
- 2013 with answers
- 2014 with selected answers
- 2011 (answers).
Homework and Class Participation
Homework assignments and class participation will count for the remaining 20% of your grade. Homework assignments will appear here as they are made.
Homework Assignments
- Problems 7, 15, 18, 24, and 31 from Chapter 1 were due on Thursday, Sept. 3. Here are the answers.
- Problems 29 and 34 from Chapter 1 and Problems 3 and 4 from Chapter 2 were due on Thursday, Sept. 10. Here are the answers.
- Problems 8, 11, 13, 18, and 21 from Chapter 2 were due on Thursday, Sept. 17. Here are the answers.
- Problems 2, 5, 11, 13, and 14 from Chapter 3 were due on Thursday, Sept. 24. Here are the answers.
- Problem 19 and 21 from Chapter 3 and Problem 1 from Chapter 4 were due on Thursday, Oct. 8. Here are the answers.
- Problem 1, 4, 7, 8, and 9 from Chapter 5 were due on Tuesday, Oct. 27. Here are the answers.
- Problem 14 from Chapter 5 and Problems 1, 2, 4, and 6 from Chapter 8 were due on Tuesday, Nov. 3. Here are the answers.
- Problems 1 and 2 from Chapter 10 were due on Tuesday, Nov. 17. Here are the answers.
- Problems 3, 4, and 6 from Chapter 11 and Problem 1 from Chapter 12 were due on Tuesday, Dec. 1. Here are the answers.
Course Outline
The tentative plan is to cover roughly a chapter per week. We will not cover all of the material in all of the chapters of Mas-Colell et al., but I may add material that is not in the book. The titles in parentheses are the corresponding chapters in the notes. I will periodically update the list to mention the sections covered.
- Chapter 1, Preference and Choice (Preference and Utility)
- Chapter 2, Consumer Choice (Marshallian Demand)
- Chapter 3, Classical Demand Theory (Demand: The Dual Approach)
- Chapter 4, Aggregate Demand (Market Demand)
- Chapter 5, Production (Production)
- Chapter 15, General Equilibrium Theory: Some Examples (Competitive Equilibrium)
- Chapter 16, Equilibrium and Its Basic Welfare Properties (Existence of Equilibrium, Welfare Properties of Equilibrium)
- Chapter 17, The Positive Theory of Equilibrium (Properties of Equilibrium)
- Chapter 18, Some Foundations of Competitive Equilibrium (The Edgeworth Conjecture)
- Chapter 20, Equilibrium and Time (Capital Theory)
- Chapter 19, General Equilibrium under Uncertainty (Equilibrium under Uncertainty)
Holidays
There is 1 scheduled holiday that affects our class. We will not meet during Thanksgiving Break (Thursday, Nov. 26).