Lectures (Video)
- 1. Markets and Prices
- 2. The Core Elements: Supply and Demand
- 3. Preferences, Utility and Budget Constraints
- 4. Consumer Choice and Revealed Preference
- 5. Individual and Market Demand
- 6. Formalizing Income & Substitutions Effect
- 7. Market Demand and Consumer Surplus
- 8. Risk and Expected Utility
- 9. Firm, Production and Scale
- 10. Cost Measurement and Minimization
- 11. Formalizing Production and Cost Curves
- 12. Profit Maximization and Competitive Supply
- 13. Competitive Markets and Surplus
- 14. Taxes, Subsidies, Price Supports, and Quotas
- 15. Market Power: Monopoly
- 16. Monopoly and Antitrust Laws
- 17. Price Discrimination
- 18. Tying and Bundling; Advertising
- 19. Factor Markets and Vertical Structures
- 20. Capital Investments
- 21. Monopolistic Competition and Oligopoly
- 22. Game Theory and Strategic Behavior
- 23. Asymmetric Information
- 24. Externalities
- 25. Common Property Resources and Public Goods
- 26. Regulated Markets and Auctions
- 27. General Equilibrium and Economic Efficiency
Microeconomic Analysis
Course Summary
By the end of the course, students should know the basic theory, models, and results of the topics covered. They should be able to use this knowledge to answer questions and analyze real-world situations. They should also be able to identify which theory or model is appropriate to analyze a particular question and explain why their answers are correct in intuitive, as well as mathematical, terms.
(Note: Only audio recordings of the lectures are available)
Reading Material
1. Textbook (Berkeley Econ 100A): Microeconomics, 6th editionRobert S. Pindyck and Daniel L. Rubinfeld, Microeconomics, 6th edition, Pearson Prentice-Hall, 2005. (Click the image below for the link to 2008 edition)
Course Material
Not available.Other Resources
1. Reference book: Principles of MicroeconomicsPrinciples of Microeconomics, Libby Rittenberg (Colorado College), Timothy Tregarthen (University of Colorado), published by Flat World Knowledge, April 2009, ISBN 0-9820430-3-1, 978-0-9820430-3-5.
This is a new version of Tim Tregarthen’s highly-acclaimed book on Principles of Microeconomics revised together with Libby Rittenberg and is published by Flat World Knowledge. The online version is free and is professionally formatted for easy reading online. The book can be accessed at the link above.
2. Reference book: Introduction to Economic Analysis
Introduction to Economic Analysis , R. Preston McAfee (CalTech), Tracy R. Lewis (Duke University), published by Flat World Knowledge, March 2009, ISBN 0-9820430-9-0, 978-0-9820430-9-7.
This book contains standard intermediate microeconomics material and some material that, in the authors' view, ought to be standard but is not. The focus of this book is on the conceptual tools and not on fluff. As such, it reflects the approach actually adopted by the majority of economists for understanding economic activity. The online version of the book is available for free access at the above link.