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

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

NEWS:

-

-         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 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 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 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 46 13.11.2015, 9:45  11:15, Lecture Room 3 Choice under uncertainty, risk 47 20.11.2015, 9:45  11:15, Lecture Room 3 Production decisions 48 27.11.2015, 9:45  11:15, Lecture Room 3 Competitive market Problem Set 7, ex. 1-2 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 50 11.12.2015, 9:45  11:15, Lecture Room 3 Cournot and Bertrand models, the core 51, 52, 1 - MERRY CHRISTMAS AND A HAPPY NEW YEAR! - - 2 08.01.2016, 9:45  11:15, Lecture Room 3 Exchange economy, Edgeworth box 3 13.01.2016, 9:45  11:15, Lecture Room 12 Externalities - 4 22.01.2016, 9:45  11:15, Lecture Room 3 REVISION before the final exam -

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 :)