Timetable
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Week Commencing |
Lectures and Contents |
Reading in MKR |
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28th September
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Section One
1: Introduction to the module
2: Introduction to economics
Section Two
3: Utility theory and axioms |
Chapter 1
Chapter 2 (2.1 & 2.2) |
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5th October |
4: Indifference curves and budget
constraints
5: Price and income changes
6: Elasticity |
Chapter 2 (2.3 & 2.4)
Chapter 3 (3.1)
Chapter 3 (3.3) |
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12th October
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7. Constrained optimisation of choice
Section Three
8. Compensating and Equivalent Variation
9. Consumer surplus |
Chapter 3A
Chapter 4 (4.2 & 4.3)
Chapter 4 (4.4) |
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19th October |
10. Labour supply
11. Dynamic consumption
Section Four
12. Short-run production |
Chapter 5 (5.1)
Chapter 5 (5.2 & 5.3)
Chapter 8 (8.1 & 8.2) |
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26th October |
13. Short-run costs
14. Short-run supply curve
15. Long-run production |
Chapter 9
(9.1)
Chapter 10 (10.1)
Chapter 8 (8.2) |
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2nd November |
16. Optimisation of factor use and
long-run costs
17. Markets
18. Introduction to mid-term test |
Chapter 9 (9.2) & 9A
Chapter 11
(11.1) |
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9th November |
Mid-term test
Monday 9th
November
Section Five
19. Assumptions and short run |
Chapter 11 (11.1) |
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16th November |
20. Long run and violations of
assumptions
21. Monopolistic competition
Section Six
22. Monopoly model |
Chapter 11 (11.2)
Chapter 14
(14.2)
Chapter 13
(13.1 & 2) |
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23rd November |
23. Regulation and price discrimination
24. Cournot model
25. Bertrand and prisoners’ dilemma |
Chapter 13
(13.3 & 4)
Chapter 15
(15.1)
Chapter 15.2
& 16 |
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30th December |
Section Seven
26. Asymmetric information and moral
hazard
27. Externalities
28 Public Goods and summary/revision
hints |
Chapter 17
Chapter 18 (18.1 & 2)
Chapter 18 (18.3) |