Recitation notes are available along with the in-class exercises that students attempted and discussed. Note that recitation 6 did not have notes; instead, the class worked on the two exercises.
| REC # | TOPICS | EXERCISES | EXERCISE SOLUTIONS |
|---|---|---|---|
| 1 |
Supply, Demand, and Equilibrium (PDF)
Applications of Supply/Demand: Shocks, Minimum Wage, Rent Control, Policy Evaluation |
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| 2 |
Behind the Demand and Supply Curves (PDF)
Monopoly |
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| 3 |
Monopolistic Competition (PDF)
Game Theory and Strategic Interaction |
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| 4 | Externalities: Theory and Pollution Exercise (PDF) | ||
| 5 |
Uncertainty and Asset Prices (PDF)
Informational Efficiency: Rational Expectations, Random Walks Asymmetric Information: Lemons, Moral Hazard |
Adverse Selection Exercise (PDF)
Moral Hazard Exercise (PDF) |
Adverse Selection Solutions (PDF)
Moral Hazard Solutions (PDF) |
| 6 |
Double Marginalization
Specific Investment |
Double Marginalization Exercise (PDF)
Specific Investment Exercise (PDF) |
Double Marginalization Solutions (PDF)
Specific Investment Solutions (PDF) |
| 7 |
Course Summary (PDF)
Review for Final Exam (see practice test on the exams page) |
