Class Time and Location

Since the beginning of the semester we have meet virtually from 2:00-3:30pm on Tuesdays and Thursday's using Zoom (access through Canvas).

Course Description

This course is part of the graduate microeconomic theory sequence, with a primary focus on competitive markets and general equilibrium.

Textbooks

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 Tuesdays and Thursdays. 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 305-348-3287, and my email is <boydj@fiu.edu>.

Exams and Homework

The in-class midterm will be worth 35% of your grade. The final is worth 50% of your grade.

The mid-term was on Tuesday, March 2. Here are the answers.

The final is scheduled for 12-2pm on Tuesday, April 20.

Sample Exams

The material covered varies from year to year and some of the questions on previous exams may not be relevant for the material we cover this year. A few of the answers contain minor errors.

Old Midterms Old Finals
2011 with answers. 2011 (answers).
2012 with answers. 2012 with answers.
2013 with answers. 2013 with answers.
2014 with answers. 2014 with selected answers.
2015 with answers. 2015 (answers).
2016 with answers. 2016 with answers.
2017 with answers. 2017 with answers.
2018 with answers. 2018 with answers.
2019 with answers. 2019 with answers.
2020 with answers. 2020 with answers.

Homework and Class Participation

Homework assignments will count for the remaining 15% of your grade. Homework assignments will appear here as they are made.

Homework Assignments

Homework assignments and answers will appear here.

  1. Problems 3.1.5, 3.2.1, 3.3.7, and 3.3.12 were due on Tuesday, January 26. Click here for the answers.
  2. Problems 7.2.2, 7.4.1, 7.5.1, 7.5.3, and 8.1.2 were due on Tuesday, February 2. Click here for the answers.
  3. Problems 9.1.2, 9.1.7, 9.1.8, 9.3.4, and 10.2.1 were due on Tuesday, February 9. Click here for the answers.
  4. Problems 10.4.1, 13.1.5, 13.4.1, 13.5.1, and 14.2.1 were due on Tuesday, February 23. Click here for the answers. Some of the questions have been corrected.
  5. Problems 19.1.1, 19.1.4, 19.1.7, 19.2.1, and 20.1.2 were due on Tuesday, March 16. Click here for the answers.
  6. Problems 20.2.3, 20.2.5, 21.1.2, 21.1.7, 22.3.1, and 22.3.3 were due on Thursday, March 25. Click here for the answers.
  7. Problems 22.4.2, 22.4.3, 23.1.2, 23.1.6, 23.2.2, and 23.3.1 were due on Tuesday, April 6. Click here for the answers.
  8. Problems 25.2.5, 25.2.8, 25.3.3, 25.5.1, 27.2.1, and 27.3.4 were due on Tuesday, April 13. Click here for the answers.

Tentative Course Outline

You are responsible for the material covered in any sections of the manuscript mentioned in the outline.

I strongly recommend that you make sure you are familiar with the material in the non-starred sections of chapters 1-2 and 4-6 of the manuscript. Much of this should be familiar from Fundamentals Micro, and a bit of it appeared in Math Methods.

The table lists the closest corresponding chapter in Mas-Colell, Whinston, and Green (MWG). In some cases, the correspondence is not very close. We will not cover all of the material in the manuscript. I will occasionally update the list to reflect material actually covered.

Week Dates Manuscript
Chapter
Subject MWG
Chapter
1-2 Jan. 12, 14, 19 3 Homotheticity and Separability N/A
2 Jan. 19, 21 7-8 Duality N/A
3 Jan. 26, 28 9-10 Theory and Measurement N/A
4 Feb. 2, 4 13 Production Sets and Profit 5
5 Feb. 9, 11 14 Firm and Market Supply 5
6 Feb. 16, 18 15 Competitive Equilibrium 15
7 Feb. 23 16 Equilibrium Existence 17A-C
7 Feb. 25 19 Pareto Optimality I 16
8 Mar. 2 Midterm Midterm (thru Chap. 15)  
8 Mar. 4, 9 20 Economic Welfare 16
9 Mar. 9, 11 21 The Edgeworth Conjecture 18
10 Mar. 16, 18 22 Preferences and Risk 6
11 Mar. 23, 25 23 Attitudes toward Risk 6
12 Mar. 30, Apr. 1 25 Equilibrium over Time 20
13 Apr. 6, 8 27 Equilibrium in Complete Asset Markets 19
14 Apr. 13, 15 28 Radner Equilibrium 19
15 Apr. 22 Final 12-2pm on Tuesday, April 20