This is the course website for Vanderbilt Economics 8100. This is the first course of the PhD microeconomics core sequence. The course will cover the fundamentals of consumer theory, theory of the firm, and simple markets in partial equilibrium. This page will be continuously updated throughout the semester. Please check it on a regular basis. Consider subscribing to changes using a service such as Visual Ping or Wachete.
There will be an assignment roughly each week. Problems will be added to the schedule about two weeks before the assignment is due. You must type your homework. This is the perfect time for you to learn to type in LATEX. There are many online resources for learning LATEX. One particularly easy way to get started with LATEX is through the very user-friendly editor called Lyx. There will be a learning curve at first. Embrace it. This is an investment.
There will be two midterms and a final exam. They are tentatively placed in the schedule below. Grading will be based 40% on midterm exams, 40% on the final exam, and 20% on homework.
My office hours: Tuesday 1:00-2:00 or by appointment in Calhoun 421. Matthew Chambers (TA) office hours: TBA.
Week 1: Aug 27,29
1.1 Primitive Notions. 1.2 Preferences and Utility. A1.4 Real Value Functions.
Week 2: Sept 3,5
1.3 The Consumer Problem. A2.1 Calculus. A2.2 Optimization.
Week 3: Sept 10,12
1.4 Indirect Utility and Expenditure. A2.3 Constrained Optimization. A2.4 Value Functions.
Week 4: Sept 17,19
1.5 Properties of Consumer Demand.
Midterm Exam 1- Sept 24
Week 5: Sept 24,26
2.1 Duality: A Closer Look.
Week 6: Oct 1,3
2.2 Integrability? 2.3 Revealed Preference.
Week 7: Oct 8,10
Week 8: Oct 15,17
3.1 Primitive Notions. 3.2 Production.
Week 9: Oct 22,24(Fall Break)
3.3 Cost.. 3.4 Duality in Production.
Week 10: Oct 29,31
3.5 The Competitive Firm.
Midterm Exam 2 - Nov 5
Week 11: Nov 5,7
4.1 Perfect Competition.
Week 12: Nov 12,14
4.2 Imperfect Competition.
Week 13: Nov 19,21
4.3 Equilibrium and Welfare.
Week 14: Dec 3,5 (Catch-up Week)