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Fall semester 2019/2020

2nd year students,

  • group 4: Fridays, 8:00am (room B103)
  • group 3: Fridays, 9:45am (room B103)

Course instructor: Katarzyna Metelska-Szaniawska

Course syllabus: here

Requirements for passing the course

In total you can receive a maximum of 100 points in this course.
The final grade is calculated on the basis of a weighted average of the scores received for the following elements (weights in brackets):

  • A) active participation in class [20%], i.e. 20 points
Short tests (up to 10 minutes) will be organized 5 times during the semester (dates will not be announced). They will relate to material covered during the previous class and may involve both theoretical questions as well as problem-solving. For each short test you receive a maximum of 2 points.
For each problem solved by a volunteer at the board a maximum of 3-5 points are awarded depending on the difficulty of the problem.
  • B) participation in a debate in class [10%], i.e. 10 points
Debate material 1: Genetic testing in insurance
Debate material 2: Legalization of marijuana
  • C) written paper [10%], i.e. 10 points
Written papers shall be prepared individually or in pairs (if accepted by the instructor). The paper should present a microeconomic-based reasoning (analysis) of a given topic/question. More information is provided here. The length of a paper should be 10000-15000 characters (incl. spaces). The maximum score (based on content and form) is 20 points and, in case of joint work, will be the same for both authors.
  • D) final test (exam) [60%], i.e. 60 points
The test will consist of multiple choice questions and will be organized during the exam period. The maximum score is 60 points. Example questions can be found here. Solutions to selected previous exam problems are available here.

In order to pass the course it is required to obtain at least 50% of the maximum exam score AND at least 50% of the maximum total score. In the retake session it is allowed to retake the exam, as well as resubmit the written paper. Resubmitting the written paper requires fulfilling the following criteria:

  • in the regular session the paper did not obtain a “pass” grade (the “pass” threshold is 5 points) or was not submitted,
  • the paper must be on a new topic,
  • the topic of the paper must be approved by the lecturer,
  • the new result invalidates the old one,
  • the paper must be submitted by the beginning of the retake session.

The grades will be given according to the following scale:

<90,100> 5
<80,90) 4+
<70,80) 4
<60,70) 3+
<50,60) 3
<0,50) 2

Class schedule (provisional)

1Introductory meeting. Partial equilibriumSlides14.2-14.4,14.7,14.9-14.10,15.1-15.2,16.1-16.5-Problems
2Government interventionSlides16.6-16.9Case materialProblems
3General equilibrium, pure exchangeSlides31-Problems
4General equilibrium, production and comparative advantageSlides32-Problems
5General equilibrium, welfareSlides33-Problems
7Public goods, Common-Pool ResourcesSlides36, 34.6Case materialProblems
8Asymmetric information - adverse selection, signalingSlides37.1-37.3, 37.6-Problems
9Asymmetric Information - moral hazard, incentivesSlides37.4-37.5, 37.7-37.8-Problems
10Law and EconomicsSlides[5th ed.: 33]Case materialProblems

Chapter numbers relate to Varian H. R., Intermediate Microeconomics..., 8th ed.


Final classes results (including points for participation in class, debate, and written paper) are available here (last updated Feb 5, 2020).


  • Obligatory handbook: Varian Hal R. (1999), Intermediate Microeconomics. A Modern Approach, 5th ed. (or more recent editions)
  • Additional study material:
  • Additional handbooks:
Borland J. (2008), Microeconomics: case studies and applications.
Laidler D., Estrin S. (1989), Introduction to Microeconomics (or more recent editions)
Pindyck R. S., Rubinfeld D. L. (2005), Microeconomics.
Mcconell C. R., Brue S. L. (2008), Microeconomics.
Varian H. R. (2006), Microeconomic Analysis.
  • Additional workouts:
Bergstrom T. C., Varian H. R. (1993), Workouts in intermediate microeconomics (or more recent editions)

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Page last modified on May 18, 2020, at 12:00 PM