The critical evaluation of microeconomic theory as an analytical and policy tool will be a major focus of class discussion. A take-home midterm examination, due Thursday, November 8, 2001. A final examination in class Thursday, December 20, 2001. Five graded problem sets due October 11, October 25, November 15, November 29, and December 13. Oxford University Press.
Some students find it valuable to review the material as it is presented in other standard texts.
Any standard Intermediate Microeconomic Theory textbook is suitable for this purpose. Inc. Robert S. Pindyck and Daniel L. Rubinfeld, Microeconomics Hardcover, 5th ed., 700pp. Consumer choice and the theory of demand. Cost curves and industry equilibrium.