EC 501 Home Page
Professor Tandon
Office Hours: Tue 9-10:30, Thu 8:30-10
Room 526, 270 Bay State Road

.Section A1Section B1
Class:Tue Thu 2-3:15 in CAS B18Tue Thu 11-12:15 in SHA 110
Sections:Fri 4:40-5:30 in PHO 211Fri 2:30-3:20 in EPC 205
TA:Tak Lun Lester ChanYi-Hsuan Lin
Phone:(617) 751-8975(857) 313-9392
Office Hours:Mon 12:30-2, Wed 11-12:30Mon 2-3:30, Wed 10:30-12
Office:264 Bay State Rd, Room B17264 Bay State Rd, Room B07

Class Discussion Board
All questions about the course should be asked on this discussion board. Anyone can answer.

The Problem Sets and Sample Exams are in the Files Section of the Discussion Board.

To join the Discussion Board: Register for Yahoo! Groups at and, once you are registered, join the Discussion Board at

Class Recordings
(The recording of the first class lacks audio)

DateTopicsSec A1Sec B1
Tuesday, September 5Marshallian Theory, Budget Constraints, Utility link n.a.
Thursday, September 7Properties of Utility Functions, Examples of Utility Functions link n.a.
Tuesday, September 12Consumer's Choice Problem, Properties of Demand Functions link n.a.
Thursday, September 14Effects of income changes, Engel Curves, Own-price Effect, Compensated Demand Functions, Slutsky Equation link n.a.
Tuesday, September 19Finding Compensated Demand Functions, Welfare Measurement: Compensating + Equivalent Variations link n.a.
Thursday, September 18CV, EV and Consumer's Surplus, Cross-Price Effects, Interpretation of Lagrange multiplier, Revealed Preference and Welfare link n.a.

Typos in Textbook

Class Records

Course Outline for Section A1 (Tu Th 2-3:15)

Course Outline for Section B1 (Tu Th 11-12:15)

Back to my Home Page