The University of the West Indies, Mona

COURSE OUTLINE

I. Uncertainty and Econometrics         3 weeks
   Uncertainty                                  Chapter 11 
   Econometrics                                Chapter 12

II. Imperfect Markets             3 weeks

     Monopoly                  Chapter 14 
     Game Theory             Chapter 15 
     Oligopoly                   Chapter 16

MIDSEMESTER EXAMINATION COVERS CHAPTERS 11-12, 14-16
 
III.  Extensions of General Equilibrium    4 weeks

            Time                            Chapter 19
            Equilibrium Analysis        Chapter 21
           Welfare                          Chapter 22
            Public Goods                  Chapter 23

IV. Topics in Applied Microeconomics    3 weeks

                Externalities             Chapter 24
                Information             Chapter 25

FINAL EXAMINATION – COMPREHENSIVE


TEXTS

Required Text:
Varian, H.  Microeconomic Analysis

Highly Recommended:
Nicholson, W.  Microeconomics Theory: Basic Principles and Extensions
 
 

COURSE ASSESSMENT

Problem Sets:             15%
Presentation:             10%
Mid-Semester Examination:     25%
Final Examination:        50%

Assignments for presentation of material will commence in week 2.  Students will be required to present a short lecture on a portion of the chapter (as assigned) and develop a set of lecture notes on the topic for posting to the EC61B lecture notes compendium (which will be available at www.geocities.com/zagrossadjadi/EC61B.htm)