Syllabus

University of California, Davis Department of Agricultural and Resource Economics ARE 100B Ghada Elabed

Summer Session II 2013

ARE 100B Intermediate Microeconomics Imperfect Competition, Markets and Welfare Economics Lecture Time: Location:

Monday, Tuesday, and Wednesday, 2:10-3:50 pm Wellman 126

Instructor: Office: Email: Office Hours:

Ghada Elabed 2132 [email protected] Mondays and Tuesdays, 4:00-5:00 pm (or by appointment)

Teaching Assistant: Office: Email: Discussion: Office Hours:

Matthew MacLachlan TBA [email protected] Thursdays, 2:10-3:50 pm Wednesdays and Thursdays, 4:00-5:00 pm (or by appointment)

Prerequisites:

ARE 100A

Textbook: Jeffrey Perloff, Microeconomics: Theory and Applications with Calculus Course Content and Objectives. This is the second in a two-quarter sequence of courses in intermediate microeconomics theory. In ARE 100A, the theory of production, consumption, and market equilibrium was analyzed under the hypothesis of perfect competition. This course relaxes the assumption of perfect competition. In addition, factor markets and their linkage to product markets are explored, and the theoretical frameworks for examining externalities and public goods are introduced. Grading : There will be one midterm and a comprehensive final examination. Exams will have a mixture of problem solving and short answer questions. There will be approximately five problem sets with questions similar to those on the exams. You can form study groups of 1-4 people to solve and write up the homework, turning in one copy for which all group members receive the same grade. Homework must be turned to the TA by the beginning of lecture on the due date– late homeworks receive zero credit. Grading weights are: Midterm: 30% Final: 40%

Homeworks: 30% Missed exams and homework:  No excuses will be accepted for late or missing homeworks. 

If you miss an exam due to an emergency or illness, you will be required to provide a written proof.



Scheduled events such as University-approved curricular and extra-curricular activities should be reported during the first week of the course.

Class website: The class webpage is on Smartsite. Class materials are posted there. Discussion sections: Attendance is highly recommended because answers to problem sets, exams and additional applications will be covered. Academic honesty: Any form of academic dishonesty will be handled according to the University policy. Tentative course outline IMonopoly and Monopsony Perloff, Chapter 11 II-

Pricing and Advertising Perloff, Chapter 12

III-

Game Theory Perloff, Chapter 13

IV-

Monopolistic Competition and Oligopoly Perloff, Chapter 14

V-

Factor Markets Perloff, Chapter 15

VI-

Uncertainty Perloff, Chapter 16

VII-

Externalities and Public Good Perloff, Chapter 17

VIII-

Asymmetric information Perloff, Chapter 18

IX-

Contracts and Moral Hazard

Perloff, Chapter 19

Important dates (tentative): 1. PS1 Due Date: Monday, August 12 2. PS2 Due Date: Monday, August 19 3. PS3 Due Date: Monday, August 26 4. PS4 Due Date: Tuesday, September 02 5. PS5 Due Date: Monday, September 09 6. Midterm: Tuesday, August 27 7. Final Exam: Wednesday, September 11