Intermediate Microeconomics

Professor: Jeff Thurk // jeff.thurk@uga.edu

Meetings: Tuesdays and Thursdays at 12:45 to 2:00 EST, 2:20 to 3:35 EST (312 Sanford Hall)

Office Hours: Fridays at 10:00 to 12:00 EST

Recommended Text: Perloff, Jeffrey M. ”Microeconomics: Theory and Applications with Calculus.”

Semester Schedule

Topic 1: Math Review
Multivariate Calculus (i.e., Derivatives, Partial Derivatives, Total Derivatives), Unconstrained and Constrained Maximization, Simultaneous Equations

Topic 2: Consumer Theory
Preferences, Indifference Curves, Marginal Rate of Substitution, Utility Functions, Constrained Maximization, Individual and Aggregate Demand, Elasticity, Income and Substitution Effects, Compensating and Equivalent Variation, Inter-temporal Choice, Decisions Under Uncertainty, Preferences Over Risk

Topic 3: Producer Theory
Production Fundamentals, Cost Minimization, Cost Curves, Profit Maximization, Producer Surplus, Market Applications, Price Discrimination

Topic 4: Strategic Decision-making (Game Theory)
Fundamentals of strategic decision-making, Non-cooperative Equilibria, Market Applications, Innovation