Intermediate Microeconomics
Release Date: 2017-09-21Basic Information
1. Course Type: Compulsory Major Courses
2. Class Hours: 54
3. Credits: 3
4. Suitable for: Graduate Students of Finance
Preliminaries
This is an intermediate microeconomics course. The course will be taught with the assumption that you have completely mastered the basic microeconomics and will mainly focus on analyzing the nature of the problem. Moreover, a calculus is essential for this course.
Course Objectives
This course will furnish you with more rigorous economic analysis tools in order to study and analyze the behavior of consumers and manufacturers, and interactions of these two subjects on the market. We will start with consumer theory, then firm theory. We will continue to study the interaction between supply and demand and how they reach equilibrium after having gained some understanding of both sides in terms of the economy. We will also study various types of markets and the interactions between the economic agents under invalid configuration.
Outline of Course Content and Class Hour Distribution
| Class | Lesson Content |
| 1-2 | Budget Constraints (section2) |
| 3-4 | Preferences (section3) |
| 5-6 | Utility (section4) |
| 7-8 | Selection (section5) |
| 9-10 | Demand (section6) |
| 11-14 | Slutsky Equation (section8) |
| 15-16 | Purchase & Sales (section9) |
| 17-18 | Intertemporal Select (section10) |
| 19-20 | Consumer Surplus (section14) |
| 21-22 | Market Demand (section15) |
| 23-24 | Equilibrium (section16) |
| 25-26 | Technology (secton18) |
| 27-28 | Classwork |
| 29-30 | Profits Maximization (section 19) |
| 31-32 | Cost Minimization (section20) |
| 33-34 | Cost Curve (section21) |
| 35-36 | Manufacturers Supply (section22) |
| 37-38 | Industry Supply (section23) |
| 39-40 | Monopoly (secton24) |
| 41-42 | Monopolistic Behavior (section25) |
| 43-46 | Oligopoly (section27) |
| 47-48 | Exchange (section31) |
| 49-50 | Externalities (section34) |
| 51-52 | Public Goods (section36) |
| 53-54 | Review |
Teaching material
[1] Intermediate Microeconomics, A Modern Approach, Hal R Varian 8th edition
[2] N. Gregory Mankiw, Microeconomics, Worth Publishers, 2009, 7th edition.
Assessment
The assessment of this course is based on ordinary homework and one final exam. The final result of this course's assessment consists of two parts:
Homework: 30%
Final exam: 70%
Ordinary homework is essential for comprehension of the material, please finish it independently. Delays in handing in the papers will result in not accepting it.
Academic Integrity
Problems involving students' academic dishonesty includes exam cheating, plagiarizing, forging or using academic performance in school inappropriate, acquiring and using exam material without the teacher's permission. Minimum punishment for academic dishonesty is giving the 0 score, and other punishments include the notification given to related departments of school and punishment according to relevant regulations.