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Exercise sessions: each Friday, 9.45 – 11.15, Lecture room 3

 

OFFICE HOURS: by appointment; 3rd Floor, Room 3.306

 

NEWS:

-          

SYLLABUS AND GRADING:

 

-         Midterm exam (35%):                   25.11.2015

-         Final exam (45%):                          27.01.2016

-         Essay (3‐4 pages) analyzing a recent issue that has been in the news from a microeconomic perspective (10%). It should include:

o   A question about the real world based on some facts (for example: why do we see that auction prices of forced auctions are 30-35% below market value, or why do we see auctions but also private negotiations in the housing market? or why do the real estate auctions have a particular form and not another one?)

o   An analysis of that question based on some relevant microeconomic theory. Here it should not just be a summary of some theory, but it should be relevant for (and adapted to) the question.

o   A conclusion where the answer or explanation (based on the theory) for the question is briefly summarized.

-         Essay examples from previous years: 1, 2, 3

-         Participation in the exercise sessions:

o   submitting ONE homework = solving all the problems from the problem set for a given exercise session.

You can do it for any chosen week and send the solutions to me by e-mail or submit the hard copy in person BEFORE the beginning of the exercise session (5%)

o   being active in the class, solving problems, commenting, etc. (5%)

-         Lecture slides can be found here

 

TIMELINE:

Week

Date, time, place

Subject

Exercises

Homework for next week:

42

16.10.2015, 9:45 – 11:15, Lecture Room 3

Demand in simple utility functions, revealed preferences

Problem Set 1, ex. 1-3

Problem Set 2

44

29.10.2015, 11:30 – 13:00, Lecture Room 5

Demand, elasticities etc. for simple utility functions

Problem Set 1, ex. 4; Problem Set 2, ex. 1, 3

Problem Set 3

44

30.10.2015, 9:45 – 11:15, Lecture Room 3

Elasticities, substitutes, complements and consumer surplus

Problem Set 2, ex. 2, 4; Problem Set 3, ex. 1, 2: a) b), 3

Problem Set 4

45

06.11.2015, 9:45 – 11:15, Lecture Room 3

Choice under uncertainty, risk

Problem Set 3, ex. 2: b), c), d), 4, Problem Set 4, ex. 1-3

Problem Set 5

46

13.11.2015, 9:45 – 11:15, Lecture Room 3

Choice under uncertainty, risk

Problem Set 4, ex. 4, Problem Set 5 + solution to ex. 4 and 5

Problem Set 6

47

20.11.2015, 9:45 – 11:15, Lecture Room 3

Production decisions

Problem Set 6

Problem Set 7

48

27.11.2015, 9:45 – 11:15, Lecture Room 3

Competitive market

Problem Set 7, ex. 1-2

Problem Set 8

49

04.12.2015, 9:45 – 11:15, Lecture Room 3

Competitive market, Cournot and Bertrand models

Problem Set 8, ex. 1 a)-b), 3, 4

Problem Set 9

50

11.12.2015, 9:45 – 11:15, Lecture Room 3

Cournot and Bertrand models, the core

Problem Set 9

Problem Set 10

51, 52, 1

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MERRY CHRISTMAS AND A HAPPY NEW YEAR!

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2

08.01.2016, 9:45 – 11:15, Lecture Room 3

Exchange economy, Edgeworth box

Problem Set 10

Problem Set 11

3

13.01.2016, 9:45 – 11:15, Lecture Room 12

Externalities

Problem Set 11

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4

22.01.2016, 9:45 – 11:15, Lecture Room 3

REVISION before the final exam

Last year’s final exam

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Winter semester 2014

 

040046 UK Consumption, Production and Welfare B (MA)

 

…is over :)

 

 

Winter semester 2013

040046 UK Consumption, Production and Welfare B (MA)

 

…is over :)