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Fall semester 2017/2018

2nd year students,

  • group 3: Fridays, 8:00am (room B102)
  • group 2: Fridays, 9:45am (room B102)
  • group 4: Fridays, 9:45am (room B105)
  • group 1: Fridays, 11:30am (room B102)

Course instructors: Ewa Aksman, Olga Kiuila, Katarzyna Metelska-Szaniawska

Course syllabus: here

Requirements for passing the 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%]
  • B) participation in a debate in class [10%]
Debate material 1: Genetic testing in insurance
Debate material 2: Legalization of marijuana
  • C) written paper [20%]
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. The schedule of meetings regarding written assignments for groups 2 and 3 (K. Metelska-Szaniawska) is available here.
  • D) final test (exam) [50%]
The test will consist of multiple choice questions and will be organized during the exam period. The maximum score is 50 points. Example questions can be found here. Solutions to selected previous exam problems are available here.

In total you can receive a maximum of 100 points in this course.
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. It is only allowed to retake the exam.
The grades will be given according to the following scale (provisional):

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

Class schedule

1Introductory meeting. Partial equilibriumSlides14.2-14.4,14.9,15.1-15.2,16.1-16.5 - Problems
2Government intervention Slides 16.6-16.9 Case material Problems
3Pure exchange, general equilibrium Slides 31 - Problems
4Comparative advantage, general equilibrium Slides 32 - Problems
5Public goods Slides 36, 34.6 Case material Problems
6Externalities Slides 34 - Problems
7Asymmetric information - adverse selection Slides 37.1-37.3, 37.6 - Problems
8Asymmetric Information - moral hazard Slides 37.4-37.5, 37.7-37.8 - Problems
9Law and Economics Slides [5th ed.: 33] Case material Problems

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

Results

Partial classes results (including points for participation in class, debates, and written assignments) for groups 2 and 3 (KM-Sz) will be available here (last updated... ).

Readings

  • Obligatory handbook: Varian Hal R. (1999), Intermediate Microeconomics. A Modern Approach, 5th ed. (or more recent editions)
  • 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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