1 Review, Perfect Competition, Imperfect Competition: Monopoly

2 Imperfect Competition: Monopoly / Monopsony

3 Imperfect Competition: Price Discrimination / Bundling and Coupling

4 Midterm and Game Theory: Competitive Strategy

5 Monopolistic Competition and Oligopoly

6 Market Failures: Asymmetric Information

7 Market Failures: Externalities and Public Goods

8 Final Exam

Pindyck / Rubinfeld: Microeconomics

Preliminaries: Chs. 2, 3, 4, 6, 7, 8;
Covered by this course: Chs. 10, 11,12,13, 17, 18

After this course students should have a good knowledge of the key microeconomic theories and models and be able to apply them to real world issues and questions of economic policy relevance. They should be able to distinguish and assess the consequences of alternative market structures (perfect and imperfect competition), to analyze the implications of market interventions, and to identify causes (and possible cures) of market failures.

Lecture and Presentation, Quizzes, Exercises

Criteria for successful completion:

i) In Class Exercises: 40%

ii) In Class Participation: 10%

iii) Final Exam 50%