MICROECONOMICS 1 - FALL 2012

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• Syllabus
• Instructor: Georgi Burlakov - contact
• Office Hours: 9:30-10:30 a.m. on the day of the lecture
• Official Course Page: BPE_MIC1 Microeconomics 1
• Page of the course taught in Czech: Titulní strana předmětu Mikroekonomie 1

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Lecture Notes

• Lesson 1, 20.09.2012, non-present classes due to reconstruction of the Faculty building !!!
  -- Lecture 1: Introduction to Economics (Mankiw, Ch. 1-2) - Slides_L1
  -- Tutorial Session 1: quiz on chapters 1 and 2
  Links to the Ten Principles of Economics (with N. Gregory Mankiw) video clips:
  • PRINCIPLE #1: People Face Trade Offs , (transcript)
  • PRINCIPLE #2: The Cost of Something Is What You Give Up to Get It , (transcript)
  • PRINCIPLE #3: Rational People Think at the Margin , (transcript)
  • PRINCIPLE #4: People Respond to Incentives , (transcript)
  • PRINCIPLE #5: Trade Can Make Everyone Better Off , (transcript)
  • PRINCIPLE #6: Markets Are Usually a Good Way to Organize Economic Activity , (transcript)
  • PRINCIPLE #7: Government Can Sometimes Improve Market Outcomes , (transcript)
  • PRINCIPLE #8: A Country's Standard of Living Depends on its Ability to Produce Goods and Services , (transcript)
  • PRINCIPLE #9: Prices Rise When the Government Prints Too Much Money , (transcript)
  • PRINCIPLE #10: Society Faces a Short-Run Tradeoff Between Inflation and Unemployment , (transcript)
  
  
• Lesson 2, 27.09.2012, non-present classes due to reconstruction of the Faculty building !!!
  -- Lecture 2: Market Mechanism (Mankiw, Ch. 3) - Slides_L2
  -- Tutorial Session 2: quiz on chapters 1-3
  
  
• Lesson 3, 04.10.2012
  -- Lecture 3, 7:40–9:15 a.m., Lecture Room P7: Market Equilibrium (Mankiw, Ch. 4) Slides_L3
  -- Tutorial Session 3, 11:05-12:45 a.m., Lecture Room P3 (KPMG Hall): quizzes on chapters 3-4
  
  
• Lesson 4, 11.10.2012
  -- Lecture 4, 7:40–9:15 a.m., Lecture Room P7: Consumer Demand Analysis (Mankiw, Ch. 21, Ch.5) Slides_L4
  -- Tutorial Session 4, 11:05-12:45 a.m., Lecture Room P3 (KPMG Hall): quizzes on chapters 4, 5, 21
  
  
• Lecture 5, 18.10.2011
  -- Lecture 5, 7:40–9:15 a.m., Lecture Room P7: Firm Supply Analysis (Mankiw, Ch. 5, Ch. 13) Slides_L5
  -- Tutorial Session 5, 11:05-12:45 a.m., Lecture Room P3 (KPMG Hall): quizzes on chapters 5, 21, 13
  
  
• Lecture 6, 24.10.2011
  -- Lecture 6, 7:40–9:15 a.m., Lecture Room P7: Perfectly Competitive Markets (Mankiw, Ch. 7, Ch. 14) Slides_L6
  -- Tutorial Session 6, 11:05-12:45 a.m., Lecture Room P3 (KPMG Hall): solving homework 1 in class, quiz on chapters 7, 14
  
  
• Lecture 7, 01.11.2012
  -- Lecture 7, 7:40–9:15 a.m., Lecture Room P7: Monopoly and Government Policy (Mankiw, Ch. 6, 8, 15) Slides_L7
  -- Tutorial Session 7, 11:05-12:45 a.m., Lecture Room P3 (KPMG Hall): Midterm Exam
  
  
• Lecture 8, 08.11.2012
  -- Lecture 8, 7:40–9:15 a.m., Lecture Room P7: Oligopoly (Mankiw, Ch. 17) Slides_L8
  -- Tutorial Session 8, 11:05-12:45 a.m., Lecture Room P3 (KPMG Hall): quiz on chapters 6, 8, 15; quiz on chapter 17
  
  
• Lecture 9, 15.11.2012
  -- Lecture 9, 7:40–9:15 a.m., Lecture Room P7: Monopolistic Competition (Mankiw, Ch. 10, 16) Slides_L9
  -- Tutorial Session 9, 11:05-12:45 a.m., Lecture Room P3 (KPMG Hall): quiz on chapters 10, 16
  
  
• Lecture 10, 22.11.2012
  -- Lecture 10, 7:40–9:15 a.m., Lecture Room P7: Labor Market (Mankiw, Ch. 18, 19, 20) Slides_L10
  -- Tutorial Session 10, 11:05-12:45 a.m., Lecture Room P3 (KPMG Hall): quiz on chapters 18, 19, 20
  
  
• Lecture 11, 29.11.2012
  -- Lecture 11, 7:40–9:15 a.m., Lecture Room P7: Capital and Land Markets (Mankiw, Ch. 18, 26, 36, 37) Slides_L11
  -- Tutorial Session 11, 11:05-12:45 a.m., Lecture Room P3 (KPMG Hall): quiz on chapter 18
  
  
• Lecture 12, 06.12.2012
  -- Lecture 12, 7:40–9:15 a.m., Lecture Room P7: Public Goods and Common Resources (Mankiw, Ch. 11) Slides_L12
  -- Tutorial Session 12, 11:05-12:45 a.m., Lecture Room P3 (KPMG Hall): (preliminary) Final Exam 1
  
  
• Lecture 13, 13.12.2012
  -- Lecture 13, 7:40–9:15 a.m., Lecture Room P7: Frontiers of Microeconomics (Mankiw, Ch. 22) Slides_L13
  -- Tutorial Session 13, 11:05-12:45 a.m., Lecture Room P3 (KPMG Hall): (preliminary) Final Exam 2

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Homework Assignments

• Homework 1, due at 18.10.2012, 11:05 a.m. (in class)

• Homework 2, due at 22.11.2012, 11:05 a.m. (in class)

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Written Exam Information

• Midterm Exam: 01.11.2012, 11:05-12:15 a.m. - 5 fill-the-gaps, 5 true/false, 20 multiple choice questions on Mankiw, Chapters: 1-5, 7, 13-14, 21; sample 2010
  online student resources:
  • Multiple choice questions (Mankiw-Taylor(2011), 2nd edition),
  • Multiple choice questions (Mankiw-Taylor(2010), 1st edition),
  • Glossary of key terms (Mankiw(2009), 5th edition)
  
  Midterm Exam - test A
  Midterm Exam - test B
  Performance statistics: Min: 17; Max: 29; Average: 23.43; distribution

• Final Exam /registration by Dec-24 required!/: 17.01.2013 (Thursday), 13:50-16:00 p.m., Classroom S7
  10 fill-the-gaps, 10 true/false, 30 multiple choice questions on Mankiw, Chapters: 1-5, 7-8, 13-18, 21;
  
  Preliminary dates: 06.12./13.12.2012, 11:05-12:45 a.m.
  
  Final Exam 1 (06.12.2012) test A , test B
  Performance statistics: Min: 27; Max: 46; Average: 37.18; distribution
  
  

• Final score distribution