Syllabus for ``Applied Microeconomics'' (G601), August 21, 1999

Eric Rasmusen


  1. Basics
  2. Course Objectives
  3. Course Materials
  4. Assignments and Grading
  5. Office Hours and My Availability
  6. Course Schedule

Basics


Course Objectives

This is a course in microeconomics aimed primarily at first-year doctoral students in business economics and finance, but it is potentially useful for many other kinds of students. It is designed to provide many of the basic tools for doing research in applied economic theory. ``Applied economic theory'' refers to models that are theoretical, because they do not estimate parameter values, but applied, because they apply to particular situations and are not concerned with developing new mathematical results.

Please note that this course has shifted emphasis away from the economics of symmetric and asymmetric information, since many of the students that take it will be taking courses that cover that material in the finance department. Instead, coverage of industrial organization and price theory has been expanded.


Assignments and Grading

Final course grades will be calculated from the following assignments:

There will be frequent problem sets. I encourage you to work on these in groups. They will be graded pass-fail, but they must not be turned in late. Also, note that some of the sections of the problems will be repeated verbatim on the midterm and the final.

< i> ``Professionalism'' is a catch-all for things such as attending class regularly, being polite and helpful to other students, asking good questions, not sleeping in class, and so forth.

Since we have a relatively small number of people in the class, we should take advantage of that with give and take during the lectures. I strongly suggest that you do the reading before class. Read the textbook chapter most carefully, and use the packet readings as background unless I tell you that an article is important for class. The packet is meant to show you what articles on these topics are like and to give you the start of a literature collection for your future work.

Announcements and Changes

Although I will try to stick to the policies and schedule outlined in the syllabus, various contingencies (snow days, illness, etc.) may require changes, and some topics may carry over from one session to the next. Announcements of changes might be made either in class or through email messages to you. You are responsible for knowledge of any and all announcements made in class and, within 24 hours, for any and all announcements made by e-mail (so check your e-mail daily).


Office Hours and My Availability

My office hours are Wednesday 2-4 p.m. in BU 456 (or by appointment-- please call 5-9219 or send me e-mail at [email protected]).

My office is on the 4th floor at the north end of the business building. Feel free to stop by any time. If my door is even a little bit open, that means you can knock and have a good chance of finding me able to talk. If it is closed, I am probably not there, or am on the phone, or am otherwise busy. You can also drop by during office hours or make an appointment, or use email to contact me. I am often in my office on Saturdays, but the outer doors are closed after 5 p.m. and on weekends, so call me at 855-3356 or email me.

There will be a G601 mailbox there, for extras of handouts and for the articles for reports.

You can also send me email via a web form. The difference is that comments via the form are anonymous unless you sign your message.

I have a website on the World Wide Web set up at the address:

URL: http://www.bus.indiana.edu/g570/_webg601/g601.htm.

The syllabus and other materials will be available there.


 

Return to the ``Applied Microeconomics'' Home Page, at URL: http://www.bus.indiana.edu/g570/_webg601/g601.htm.


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