Spring Semester, 2005-06@

Intermediate Microeconomics:

Syllabus

Curriculum Information

Instructor: Kenji Yamamoto

Office: Room 424 (Building #1)

Class: 10:30 - 12:00, Mondays and Wednesdays

Classroom: Multimedia Hall 3 (Building #2)

Office Hour: 13:00 - 14:00, Tuesdays or by appointments

Credit Hours: 4

Level: Sophmore

Course website: http://www.otaru-uc.ac.jp/~yamamoto/Intermediate_Micro.html

Course Objectives

This course is designed to provide each student with a key set of logical tools that will be applied to real world economic problems, such as decisions made by consumers and firms, and the effects of government policies in the marketplace. Students will learn how to apply microeconomics to comprehend and critically evaluate arguments made in public policy debates.

Course Contents and Tentative Schedule (All slides are in PDF unless otherwise stated.)

Date
Topics, Chapter(s), Slides & Homeworks
April 11 Orientation & 1 Preliminaries.
April 13 2. The Basics of Supply and Demand
April 18 2. The Basics of Supply and Demand
April 20 3. Consumer Behavior
April 25 3. Consumer Behavior
April 27 4. Individual and Market Demand
May 2 4. Individual and Market Demand
May 9 5. Uncertainty and Consumer Behavior
May 11 5. Uncertainty and Consumer Behavior
May 16 6. Production
May 18 6. Production
May 23 7. The Cost of Production
May 25 7. The Cost of Production
May 30 8. Profit Maximization and Competitive Supply
June 1 8. Profit Maximization and Competitive Supply
June 6 Mid-term Exam
June 8 9. The Analysis of Competitive Markets
June 13 9. The Analysis of Competitive Markets
June 15 10. Market Power: Monopoly and Monopsony
June 20 10. Market Power: Monopoly and Monopsony
June 22 11. Pricing with Market Power
June 27 11. Pricing with Market Power
June 29 12. Monopolistic Competition and Oligopoly
July 4 12. Monopolistic Competition and Oligopoly
July 6 13. Game Theory and Competitive Strategy
July 11 13. Game Theory and Competitive Strategy
July 13 14. Markets for Factor Inputs
July 20 14. Markets for Factor Inputs
August 1 Final exam

Textbook & Study Guide

Robert S. Pindyck & Daniel L. Rubinfeld; Microeconomics, 6th edition, (N. J., U.S.A.: Prentice Hall, 2005). ISBN: 0131912070 (Paperback edition)

Jonathan H. Hamilton & Valerie Y. Suslow; Microeconomics, Study Guide, 6th edition, (N. J., U.S.A.: Prentice Hall, 2005). ISBN: 0131445545 (Paperback edition)

A copy of the above textbook and studyguide is reserved at the library circulation desk for this course.

Grading Policy

We will have a mid-tem (40%) exam and a final (40%) exam during the course. In additon, each student will be asked for weekly submissions of homework assignments (20%).

Last update: 1 August 2005