Lecture Notes

Below is a selection of lecture notes that approximate chronologically the topics and themes listed on the calendar

Lec # TOPICS
1-2 Introduction and a First Application: The Minimum Wage Debate and Causal Inference in Economics (PDF)
3 Axioms of Consumer Preference and the Theory of Choice (PDF)
4 Theory of Choice and Individual Demand (PDF)
5 The Expenditure Function: An Application to the Economics of Food Stamps (PDF)
6 Demand Functions, Income Effects and Substitution Effects: Theory and Evidence (PDF)
Compensated Demand in Logs (PDF)
7 Sugar Quota: Applying Consumer Theory to Competitive Markets (PDF)
8 Taxation: Revealed Preference and Consumer Welfarer (PDF)
9 General Equilibrium in a Pure Exchange Economy (PDF)
10 International Trade and the Principle of Comparative Advantage (PDF)
11 Uncertainty, Expected Utility Theory and the Market for Risk (PDF)
12 The Demand for Abortion: An Application of Expected Utility Theory (PDF)
13 Safety Regulation and Value of a Statistical Life (PDF)
14 Private Information, Adverse Selection and Market Failure (PDF)
15 Adverse Selection, Risk Aversion and Insurance Markets (PDF)
16 Education, Human Capital and Job Market Signaling (PDF)
17 Externalities, the Coase Theorem and Market Remedies (PDF)