ECON1011A: Intermediate Microeconomic Theory

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ECON 1011A
Intermediate Microeconomic Theory (Advanced)
Course Head Edward Glaeser
Semester Fall
Last run Fall 2019
Q-Guide Overall 3.8 (Fall 2018)
Q-Guide Workload (hrs/week) 9.9 (Fall 2018)
Enrollment 85 (Fall 2018)
Fulfills Social Sciences

Economics 1011a is similar to Economics 1010a, but more mathematical and covers more material. The course teaches the basic tools of economics and to apply them to a wide range of human behavior. Prerequisites for this course include Mathematics 21a or permission of the instructor.

Prerequisites

  • Comfort with multivariable calculus, at least at the 21A level. The course can be taken simultaneously with Math 23, 25, or 55.
  • Economics 10 or AP Economics.

Course format

There are two lectures each week given by Professor Glaeser. There is also a weekly section held by the graduate students who are teaching fellows for the course. Attendance is not tracked at either lecture or section, but attendance at both is highly recommended in order to keep up with the course.

Assignments and exams

The class has weekly problem sets that are graded on a check/uncheck basis. There are also three modeling projects where students are given a scenario and expected to develop an economic model that analyzes that scenario. There is also a midterm and a final exam. In the past, the median grade in the class has been a B+/A- The grade weighting (for the Fall 2019 version of the course) is as follows:

  • Final exam: 40%
  • Midterm exam: 20%
  • Modeling projects: 25%
  • Problem sets: 15%

The course has a reputation for being largely generous with A- grades, but being very stringent with A grades.

Additional Course Resources

Textbooks

There are no official textbooks for the course, but the following two are recommended as helpful:

  • Walter Nicholson. Microeconomic Theory: Basic Principles and Extensions, any edition.
  • Hal Varian, Microeconomic Analysis, 3rd ed., 1992.

Supplemental Videos

There are a series of videos created by Professor Glaeser and a former Economics PhD student, Eduard Talamàs. These are posted on Canvas and are a slower pace version of the material covered in lecture