These are recordings of the class lectures of Section B1.

Students from Section A1: Please note that sometimes I do not cover to exactly the same point, so there won't be a perfect correlation with your classes, but overall the material will be the same.

Click on the class # to access the vodcast.

Class # | Date | Topics |

1 | Tuesday, September 3 | Marshallian Theory, Budget Constraints, Utility |

2 | Thursday, September 5 | Properties of Utility Functions, Consumer's Choice Problem |

3 | Tuesday, September 10 | Properties of Demand Functions, Effects of income changes, Own-price effect |

4 | Thursday, September 12 | Compensated Demand Functions, Slutsky Equation |

5 | Tuesday, September 10 | Finding Compensated Demand Functions, Welfare Measurement: Compensating + Equivalent Variations |

6 | Thursday, September 19 | CV, EV and Consumer's Surplus, Cross-Price Effects, Revealed Preference |

7 | Tuesday, September 24 | Interpretation of Lagrange multiplier, Revealed Preference and Welfare, Price Indexes |

8 | Thursday, September 26 | Cash vs Price subsidies, Demand with Home Production, Labor Supply, Intertemporal Choice |

9 | Tuesday, October 1 | Production Function and its properties, Cost Functions |

10 | Thursday, October 3 | Cost Functions and Cost Curves, Relationship between TC, AC and MC, Cost Function for the Cobb-Douglas case |

11 | Tuesday, October 8 | Cost Functions for Leontief and Linear Production Functions, Firm Supply |

12 | Thursday, October 10 | Short and Long Run Supply Curves, Market Equilibrium and Adjustment, Interventions in Competitive Markets |

13 | Thursday, October 17 | The effects of taxes in Competitive Markets |

14 | Tuesday, October 22 | Demand for Labor, Intertemporal Aggregation and the Demand for Capital, Pareto efficiency |

15 | Thursday, October 24 | The Allocation Problem in General Equilibrium, Consumption Efficiency and the Edgeworth Box |

16 | Tuesday, October 29 | Consumption Efficiency and Walrasian Equilibrium |

17 | Thursday, October 31 | Production Efficiency and the Condition for Product Mix (Please note that the vodcast begins only at about the 5 minute mark) |

18 | Tuesday, November 5 | The Optimality Theorems of General Equilibrium, Uncertainty and the Expected Utitlity Hypothesis |

19 | Thursday, November 7 | Graphical exposition of expected utility, Risk pooling and Risk spreading, Adverse Selection |

20 | Tuesday, November 12 | Moral Hazard, Basic Monopoly Model, Multi-plant Monopoly, Cartels |

21 | Thursday, November 14 | Limit Pricing and the Price Leadership Model, First and Third Degree Price Discrimination |

22 | Tuesday, November 19 | Second degree price discrimination, Monopsony and wage discrimination, Natural Monopoly and Regulation |

23 | Thursday, November 21 | Theory of Games |

24 | Tuesday, November 26 | Monopolistic Competition, Cournot and Stackelberg Models |

25 | Tuesday, December 3 | Bertrand Competition, Externalities and the Pigouvian Tax |

26 | Thursday, December 5 | Effluent Fees, Coase Theorem, Common Property Externalities (Recorded with a portable camera) |

27 | Tuesday, December 10 | Public Goods and Social Choice |

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