Announcements:

 

Microeconomics

Economics 210C

(http://www.econ.ucsb.edu/~deacon/econ210c.htm)

 

 

Robert Deacon                                                                                               Winter 2009

 

Class:   TTh 2:00-3:15, North Hall 2111

Office hours:   Th 3:30-5:30 or by appointment, 3040 North Hall (During week of Feb.23, office hours will be Tues. 3:30-5:30.)

(deacon@econ.ucsb.edu).

 

Teaching Assistant:  Jesse Zinn (zinn@econ)

Discussion:  F 2:30-3:20, NH 2212

Office hours: Th. 3:30 – 4:30, Fr. 11:00 - Noon, NH 3047

Exams and Grading: Grades will be based on one midterm exam scheduled for February 3  (35%), a final exam scheduled for Wed., March 18, 4:00-7:00pm (50%) and problem sets (15%). (I may swap meeting times with Jesse the week before the midterm.)

Course content: This course covers the material in Mas-Colell, et al, Microeconomic Theory (1995) Chapters 10-13 and possibly 14, plus a few supplementary readings. The supplementary readings are not intended to introduce new theoretical concepts. They are intended for in class discussion, to suggest the range of application for concepts from the assigned material.)

Chapter 10, Competitive Markets.
Supplementary reading: Robert T. Deacon and Jon Sonstelie, “Price Controls and Rent Dissipation with Endogenous Transaction Costs,” American Economic Review, Vol. 81, No. 5 (December 1991) 1361-1373.

Chapter 11, Externalities and Public Goods.
Skip: Depletable Externalities in Sec. 11D; Decentralized Bargaining in Sec. 11E; Example 11.AA.1 in Appendix A.
Supplementary reading: T.C. Bergstrom, “Benefit-Cost in a Benevolent Society”, American Economic Review, Vol. 96, No. 1 (March 2006) 339-351.

Midterm Exam (Feb. 5) Will try to schedule for 2 hours.

Chapter 12, Market Power.
Skip: Example 12.C.2 in Sec. 12C, The Linear City Model of Product Differentiation; Entry and Welfare in Sec. 12.E; Appendix B. In Appendix A we will only cover Nash Reversion and the Nash Reversion Folk Theorem.
Supplementary reading: TBA.

Chapter 13, Adverse Selection, Signaling and Screening.
Skip: ‘Small type’ section on pages 448-450; Reasonable-Beliefs Refinements in Signaling Games, Appendix A.
Supplementary reading: Kelly Bedard, 2001. “Human Capital versus Signaling Models: University Access and High School Dropouts.” Journal of Political Economy, 190(4) (2001) 749-775.

Chapter 14, The Principal-Agent Problem.
Skip:TBA.
Supplementary reading: TBA.

 

Final Exam March 18, 4:00-7:00