Syllabus: Econ 601 Microeconomics I SOE, SMU Term 1, 2014‐2015 Monday & Wednesday 10:00‐11:30 am Instructor 1: Atsushi Kajii Instructor 2: Jingyi Xue Email: kajii.atsushi.8v@kyoto‐u.ac.jp Email: [email protected] Office: 5060.2 SOE Office: 5054 SOE Telephone: 6828 0888 Telephone: 6808 5466 Office hour: Wednesday 2:00‐3:00pm or by appointment Office hour: Wednesday 2:00‐3:00pm or by appointment TA: Wei Jin Email: [email protected] Office: TBA Telephone: 9395 6409 Office hour: TBA Textbook: Andreu Mas‐Colell, Michael Whinston, and Jerry Green (MWG), Microeconomic Theory, Oxford 1995. Atsushi Kajii, Lecture notes, to be posted online. Supplementary references: Martin J. Osborne and Ariel Rubinstein, A Course in Game Theory, The MIT Press, 1994. Course Objectives: This course is a graduate level introduction to microeconomics. The objective is to provide students with a solid grounding in the analytical methods of microeconomic theory. Course Summary: The first part of the course covers producer theory, consumer theory, partial equilibrium analysis and decision making under risk and uncertainty. The second part covers non‐ cooperative game theory and very briefly cooperative game theory. Course Requirements: There are regular problem sets and two exams. Grades are composed by problem sets 10%, midterm quiz 40% and final exam (comprehensive) 50%. Exams must be taken at the scheduled time. There will be no makeup for the midterm quiz (if missed, with a valid excuse, the final exam will account for 90% of the grade). Tentative class schedule: Week Dates (M,W) Subjects Chapter (MWG) 1 18, 20 Aug Producer Theory 5 2 25, 27 Aug Consumer Theory 1-4 3 1, 3 Sep Consumer Theory 1-4 4 8, 10 Sep Classical Partial Equilibrium 10-11 5 15, 17 Sep Classical Partial Equilibrium 10-11 6 22, 24 Sep Risk and Uncertainty 6 7 29 Sep, 1 Oct Risk and Uncertainty, Midterm Quiz 6 8 Recess Week 9 13, 15 Oct Introduction to Game Theory 7 10 20, 24 Oct Strategic Form Games 8, 12 11 27, 29 Oct Dynamic Games 9, 12 12 3, 5 Nov Bayesian Games 13 13 10, 12 Nov Cooperative Games Lecture notes 14 15 Revision Week 24 Nov Final Examination