ECN 100B: Intermediate Microeconomics

This is the second part of a two-quarter undergraduate sequence in intermediate microeconomics. Whereas ECN100A covers markets at their Smithian best, ECN100B digs into all their messy imperfections: monopoly, oligopoly, price discrimination, externalities, public goods, and problems of asymmetric information. It also introduces some handy tools—like game theory and the economics of uncertainty—that are used in many economics electives.

Here’s the syllabus, as taught in Fall 2019. I’ve posted all of the course materials below.

A word of thanks: I’m grateful to three teams of teaching assistants for giving feedback and catching errors in these files; to Anujit Chakraborty and Janine Wilson for many helpful conversations about pedagogy; and most of all to three cohorts of students whose excitement and curiosity made it a course worth teaching.

Lecture notes

Lecture Topic
1 Competitive markets notes
2 Optimization slides
3 Monopoly pricing notes
4 Monopoly welfare notes
5 Price discrimination notes
6 Factor markets notes
7 Static games: pure strategies notes
8 Static games: mixed strategies notes
9 Dynamic games notes
10 Oligopoly notes
11 Externalities notes
12 Public goods notes
13 Uncertainty notes
14 Dealing with risk notes
15 Asymmetric information notes

Homework

If you’re using these materials for self-study, make sure to attempt the homework problems before looking at the solutions. You’ll get more out of these problems if you try to struggle through them yourself. The same applies to the TA problems and exams below.

Homework Associated lecture topics
1 Competitive markets, optimization problems solutions
2 Monopoly pricing, monopoly welfare problems solutions
3 Price discrimination, factor markets problems solutions
4 Static games, dynamic games problems solutions
5 Static games, dynamic games, oliogopoly problems solutions
6 Externalities, public goods problems solutions
7 Uncertainty, dealing with risk problems solutions

Practice problems from the TA sections

Section Associated lecture topics
1 Competitive markets, optimization problems solutions
2 Monopoly pricing, monopoly welfare problems solutions
3 Price discrimination, factor markets problems solutions
4 Static games, dynamic games problems solutions
5 Oliogopoly problems solutions
6 Externalities, public goods problems solutions
7 Public goods problems solutions
8 Uncertainty, dealing with risk problems solutions

Exams

I taught two separate sections, each of which got its own version of the midterms and final.

Exam
Midterm 1 (version A) exam solutions
Midterm 1 (version B) exam solutions
Midterm 2 (version A) exam solutions
Midterm 2 (version B) exam solutions
Final exam (version A) exam solutions
Final exam (version B) exam solutions

And lastly, here is a study guide for the final exam.