The lecture notes below cover topics in the same order as those listed on the calendar.
Lecture notes files.
| LEC # |
TOPICS |
LECTURE NOTES |
| 1-2 |
Introduction and a first application: the minimum wage debate and causal inference in economics |
(PDF) |
| 3 |
Axioms of consumer preference and the theory of choice |
(PDF) |
| 4 |
Theory of choice and individual demand |
(PDF) |
| 5 |
The expenditure function: an application to the economics of food stamps |
(PDF) |
| 6 |
Compensated and uncompensated demand functions with an application to Giffen goods |
(PDF) |
| 7 |
Revealed preference and consumer welfare |
(PDF) |
| 8 |
Applying consumer theory to competitive markets: the U.S. sugar program. |
(PDF) |
| 9 |
Applied competitive analysis, a second example: real estate markets |
(PDF) |
| 10 |
General equilibrium in a pure exchange economy |
(PDF) |
| 11 |
International trade and the principle of comparative advantage |
(PDF) |
| 12 |
The gains from international trade: aggregate evidence and distributional consequences |
(PDF) |
| 13 |
Externalities, the Coase theorem and market remedies |
(PDF) |
| 14 |
Uncertainty, expected utility theory and the market for risk |
(PDF) |
| 15 |
Risk, safety regulation and the value of a statistical life |
(PDF) |
| 16 |
Adverse selection, risk aversion and insurance markets |
(PDF) |
| 17 |
Private information, adverse selection and market failure |
(PDF) |
| 18 |
Education, human capital, and labor market signaling |
(PDF) |
