Instructor: Robin D. Hanson, Asst. Professor, Economics
(rhanson@gmu.edu, http://hanson.gmu.edu)
Office Hours: I'm usually in at 10b Carow Hall.
Call ahead (703-993-2326) if you want to be sure. I'm also available
to meet with students in Arlington immediately after class.
Catalog Entry:
812 Microeconomic Theory II (3:3:0). Prerequisite: ECON 611. Nature of the firm, theory of supply, and production functions, factor pricing, and supplies. Introduction to microeconomic foundations of theories of public finance and public choice.Required Text:
Walter Nicholson. Microeconomic Theory: Basic Principles and Extensions, 7th edition, 1998, Dryden Press, Harcourt Brace College Publishers.Assignments:
| Week | Lecture Topic | Text Chapters | Homework |
| 27 Jan | Overview, Math Review | Ch. 1-2. | 2.1,2.6,2.7 |
| 3 Feb | Technology and Production | Ch. 11. | 11.1-11.4 (collect) |
| 10 Feb | Costs of Production | Ch. 12. | 12.1-12.5 |
| 17 Feb | Profit Maximization and Supply | Ch. 13. | 13.1-13.4,13.6 (collect) |
| 24 Feb | Partial Equilibrium, Competitive Model | Ch. 14. | 14.1-14.2,14.4-14.6 (collect) |
| 2 Mar | Models of Monopoly Markets | Ch. 18. | 18.1-18.3,18.7 |
| 9 Mar | Slack and Review | ||
| 16 Mar | Spring Break | ||
| 23 Mar | Review and Midterm Exam | ||
| 30 Mar | Oligopoly and Industrial Organization | Ch.19-20. | 19.1-19.3,19.7 (collect) |
| 6 Apr | Factor Markets, Monopsony, and Labor Markets | Ch. 21-22. | 21.1-21.2,22.1-22.3 |
| 13 Apr | Capital Markets | Ch. 23. | 23.6 (collect) |
| 20 Apr | General Equilibrium and Welfare Economics | Ch. 16-17. | 16.1-16.2 |
| 27 Apr | Public Goods, Externalities, and Property Rights | Ch. 24-25. | 24.1-24.4 (collect) |
| 2 May | Slack and Review | ||
| 11 May | Final Exam | at regular class time |