73-150
Microeconomics
Fall and Spring: 9 units
A calculus-based introduction to microeconomics. Topics in partial equilibrium analysis include supply and demand, consumer theory, theory of the firm, profit maximizing behavior, monopoly theory, and perfect competition. The course concludes with an introduction to general equilibrium analysis and the welfare laws.
3 hours lecture, 1 hour recitation.
Prerequisite: 21-120
Co-requisites: 21-259 or 21-256.
73-200
Macroeconomics
Fall and Spring: 9 units
Through macroeconomic models built upon microeconomic foundations, insights are developed into economic growth processes and business cycles. Topics include aggregation and measurement, national income, business cycle measurement, economic welfare theorems and social inefficiencies, the effect of government fiscal policy upon employment and productivity, and the relationship between investment, interest rates and economic growth.
Prerequisites: (21-256 or 21-259) and 73-150
73-252
Advanced Microeconomic Theory
Fall and Summer, Mini Session: 6 Units
This course provides a mathematically intensive overview of advanced applications of microeconomic theory. Topics include: Marshallian and Hicksean demands, indirect utility functions, substitution/income effects and the Slutsky equation, expected utility theory, risk and insurance, game theory, principle/agent problems, oligopoly, and general equilibrium theory.
3 hours Lecture. 73-252 will be offered in Spring 2008.
Prerequisites: (21-256 or 21-259) and 73-150.
73-253
Advanced Macroeconomic Theory
Fall and Spring, Mini Session: 6 Units
This course provides a mathematically intensive overview of advanced applications of microeconomic theory. Topics may include: Solow and neo-classical growth models, the role of money and its effect on the economy, and the over-lapping generations model.
3 hours Lecture. 73-253 will be offered in Spring 2008.