Syllabus for Intermediate Microeconomics (W3211) MW 11 AM - 12:15 PM Susan Elmes 1006 IAB 854-9124 se5@columbia.edu e!tboo": T e !e"ui!

ed #e$#boo% is Microeconomics: #eory and A$$lications %it# &alculus b& 'e!lo((. All o( # e sec#ion numbe!s in # e ou#line belo) !e(e! #o # is #e$#boo%. S#uden#s )is in* #o see a mo!e ma# ema#ical #!ea#men# o( # e sub+ec# mi* # )an# #o loo% a# Microeconomic #eory: 'asic Princi$les and (!tensions b& ,ic olson. A # i!d o-#ion is a (!ee online #e$#boo% b& .cA(ee #i#led Introduction to (conomics Analysis. Al# ou* #ec nicall& # e .cA(ee boo% is a -!inci-les #e$#boo% i# -!esen#s ma#e!ial in a ma# ema#icall& so- is#ica#ed manne! # a# is simila! #o 'e!lo((. )ecitations: S#uden#s a!e s#!on*l& encou!a*ed #o a##end a !eci#a#ion sec#ion. /eci#a#ion sec#ions a!e )ee%l& one ou! classes desi*ned #o assis# s#uden#s )i# # e cu!!en# ome)o!% assi*nmen#. T e!e )ill be #)o "ui00es in # e class ) ic )ill be *i1en du!in* !eci#a#ion sec#ions. S#uden#s ) o canno# ma%e an& !eci#a#ion sec#ion )ill a1e #o #a%e # e "ui0 du!in* class #ime. /eci#a#ion #imes )ill be announced in # e (i!s# )ee% o( class. /eci#a#ion #imes a!e also -os#ed on Courseworks. eac#in* Assistants: 2eme#!is 3ou!sa!os 4d%21985 and 6oo /am 'a!% 4)-21755 a!e # e #)o #eac in* assis#an#s (o! # is class. T ei! o((ice ou!s )ill be -os#ed on # e Courseworks )ebsi#e. Prere+uisites: S#uden#s mus# a1e com-le#ed '!inci-les o( Economics. In addi#ion s#uden#s mus# a1e com$leted 8alculus III 4o! 9ono!s A5. ,ome%or": T e!e a!e )ee%l& *!aded ome)o!% assi*nmen#s. S#uden#s ma& )o!% in *!ou-s o( at most 7 s#uden#s. Eac *!ou- o( s#uden#s submi#s one ome)o!% 4no# 7 iden#ical co-ies5 )i# eac s#uden#:s name on # e sin*le ome)o!%. 9ome)o!% assi*nmen#s )ill be dis#!ibu#ed in class e1e!& 6ednesda&. T e com-le#ed ome)o!% is due on ;!ida& in m& mailbo$ in # e economics de-a!#men# 410 # (loo! IAB5 b& 4:70 -m. -o la#e ome)o!% assi*nmen#s )ill be acce-#ed. <!aded assi*nmen#s )ill be !e#u!ned in !eci#a#ion sec#ions. T e ome)o!% assi*nmen#s a!e )o!# 20= o( &ou! (inal *!ade. (!ams: T e!e )ill be #)o "ui00es> a mid#e!m and a (inal e$am. T e "ui00es )ill be adminis#e!ed du!in* # e !eci#a#ion sec#ions. T e (i!s# "ui0 )ill be *i1en # e )ee% o( # e 15# o( Se-#embe! and # e second "ui0 )ill be *i1en # e )ee% o( # e 5# o( A-!il. Eac "ui0 is )o!# 5= o( &ou! (inal *!ade. T e mid#e!m on 10 .a!c )ill co1e! # e (i!s# sec#ion o( # e cou!se 4see # e ou#line belo)5. T e mid#e!m e$am is )o!# 75= o( &ou! (inal *!ade. T e (inal e$am )ill co1e! onl& # e second al( o( # e cou!se. T e da#e o( # e (inal is TBA. T e (inal e$am is )o!# 75= o( &ou! (inal *!ade. .a%e-u- e$ams a!e a1ailable only in # e cases o( medical o! (amil& eme!*encies. Website: 8ou!se in(o!ma#ion and assi*nmen#s a!e a1ailable on # e 8olumbia Courseworks )ebsi#e. Assi*nmen#s a!e -os#ed e1e!& T u!sda&. &ourse .utline Section I: The Household and the Firm A. T e 9ouse old T e Basic .odel o( 8onsume! 8 oice 15 '!e(e!ences> Indi((e!ence 8u!1es and ?#ili#& 43.1-3.25 25 Bud*e# Se# 43.35 75 Bes# Bundle and # e 2emand 8u!1e 43.4 & 4.15 8om-a!a#i1e S#a#ics 15 Income 8 an*es 44.25

25 '!ice 8 an*es 44.25 75 8@AA 44.45 45 8om-ensa#in* and E"ui1alen# Ba!ia#ion 45.2 & 5.45 15 25 75 Aabo! Su--l& 45.55 8 oice ?nde! ?nce!#ain#& E$-ec#ed ?#ili#& and A##i#udes #o)a!ds /is% 416.25 A1oidin* /is% 416.35 In1es#in* unde! ?nce!#ain#& 416.45

B. T e ;i!m '!o(i# .a$imi0a#ion 48.25 15 25 75 15 25 75 '!oduc#ion @ne Ba!iable In-u# 46.35 .ul#i-le Ba!iable In-u#s 46.45 /e#u!ns #o Scale 46.55 8os# Economic 8os#s 4C.15 S o!# /un 8os# 8u!1es 47.25 Aon* /un 8os# 8u!1es 47.35

Midterm 1/ Marc# Section II: Markets A. 8om-e#i#i1e .a!%e#s 'a!#ial E"uilib!ium 15 S o!# /un 'e!(ec# 8om-e#i#ion 48.1, 8.3 & 9.25 25 A--lica#ions o( # e 8om-e#i#i1e .odel 49.3-9.65 75 Aon* /un 'e!(ec# 8om-e#i#ion 48.4 & 9.15 15 25 75 <ene!al E"uilib!ium and 6el(a!e Economics E"uilib!ium in .ul#i-le .a!%e#s 410.15 E$c an*e Econom& 410.25 8om-e#i#i1e .a!%e#s 410.75

B. ,on-8om-e#i#i1e .a!%e#s .ono-ol& 15 T e ,on '!ice 2isc!imina#ion .ono-olis# 411.1-11.35 25 '!ice 2isc!imina#ion 412.1-12.45 75 8a!#els 413.25 @li*o-ol& 15 S#ac%elbe!* 2uo-ol&417.55 25 8ou!no# 2uo-ol& 413.65 0inal (!am ( 'A - no alternate dates %ill be set) ,o#e # a# # e (inal e$am is onl& 2 ou!s and )ill co1e! onl& sec#ion II o( # e cou!se.