Intermediate Microeconomics
Fall 1999 GMU Syllabus

Economics 306, Section 3, meets 7:30- 8:45am, Tuesday & Thursday, during Fall 1999, in room Enterprise 175.

Instructor: Robin D. Hanson, Asst. Professor, Economics (,
Office Hours: I'm usually in at 10b Carow Hall. Call ahead (703-993-2326) if you want to be sure.
Catalog Entry:

306 Intermediate Microeconomics (3:3:0). Prerequisites: ECON 103 and 104, and MATH 108 or 113. Basic factors of price and distribution theory, including analysis of demand, costs of production and supply relationships, and price and output determination under various market structures.
Required Text:
Hal Varian, Intermediate Microeconomics, A Modern Approach, Fifth Edition, WW Norton & Co., ISBN 0-393-97370-0, 1999.
Optional Text:
Hal Varian, Workouts in Intermediate Microeconomics, Fifth Edition, WW Norton & Co., ISBN 0-393-97371-9, 1999. (Campus bookstore has 4th edition, which is fine too.)
Exam Policy: Exams are closed book, but you are can use one standard size (8.5"x11") piece of paper with notes.
Homework Policy: You can discuss with others how to solve the homework, but each person should do their own work. Major Dates: Midterm in class 11/11/99, Final 7:30-10:15am Thur. 12/16/99.
Grade Weights: Your final grade will be a weighted average of Homework (20%), Midterm Exam (30%), and Final Exam (50%).
Mailing List: To join the class mailing list, John Smith would send a message to saying (in the message body)
subscribe ECON306-3 John Smith
Lecture Overheads Can be found, listed by chapter, at

Homework Can be found in

Tutors Are available in the Economics Dept. Suite (3rd floor Enterprise Hall) during Mon 1-3, Tues 2-4, Thur 1-3, Fri 11-1.

Lecture Schedule
31 Aug Chapter 1 The Market
2 Sep Chapter 2 Budget Constraint
7 Sep Chapter 3 Preferences
9 Sep Chapter 4 Utility
14 Sep Chapter 5 Choice
16 Sep Chapter 6 Demand
21 Sep Chapter 10 Intertemporal Choice
23 Sep Chapter 11 Asset Markets
28 Sep Chapter 12 Uncertainty
30 Sep Chapter 14 Consumer's Surplus
5 Oct Chapter 15 Market Demand
7 Oct Chapter 16 Equilibrium
12 Oct Holiday
14 Oct Chapter 29 Exchange
19 Oct Chapter 18 Technology
21 Oct Chapter 20 Cost Minimization
26 Oct Chapter 21 Cost Curves
28 Oct Chapter 22 Firm Supply
2 Nov Chapter 23 Industry Supply
4 Nov Chapter 24 Monopoly
9 Nov Chapter 25 Monopoly Behavior
11 Nov Midterm Exam
16 Nov Chapter 27 Oligopoly
18 Nov Chapter 28 Game Theory
23 Nov Chapter 36 Asymmetric Information
25 Nov Holiday
30 Nov Chapter 32 Externalities
2 Dec Chapter 33 Law and Economics
7 Dec Chapter 35 Public Goods
9 Dec Review
16 Dec Final Exam
Final Exam Answers: 1/E, 2/A, 3/B, 4/D, 5/C, 6/C, 7/C, 8/D, 9/D, 10/B.

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