Economics 200B --- Part 1,

Microeconomic Theory:

General Equilibrium Theory and Welfare Economics


University of California, San Diego
Winter 2015

This page last revised February 16, 2015

Gerard Debreu Kenneth Arrow Leon Walras

Gerard Debreu

Kenneth Arrow

Leon Walras


INSTRUCTOR: Professor Ross Starr
OFFICE: Room 325, Economics, UCSD
CONTACT: rstarr@ucsd.edu

OFFICE HOURS: Come on in and chat anytime you see Ross around. Office hours: Fridays, 1:30 - 3:00, 325 Economics.

Teaching Assistant: John Rehbeck, jrehbeck@ucsd.edu , Sequoyah 207. Office hours, Mondays, 1:00 to 3:00.

Discussion sections: Thursdays, 5:30 to 6:30.

Review Session: Monday, February 9, 2:00-3:50, room 300 Economics.

COURSE SCHEDULE: Tuesdays and Thursdays , 11:00 - 12:50 , Room 300 Economics. Ross's lectures will take place on January 6, 8, 13, 15, 22, 27, 29, February 3, 5.


COURSE INFORMATION

Syllabus, prepared December 24, 2014. Subject to change.

Reserve Materials TBA

Corrigendum to Starr's General Equilibrium Theory

 

Lecture Notes

Lecture notes should be on the web prior to each lecture. You will probably find it useful to have them available during the lecture to facilitate comprehension and note-taking.

Lecture Notes for January 6

Lecture Notes for January 8

Lecture Notes for January 13

Lecture Notes for January 15

Lecture Notes for January 20, part 1 Lecture Notes for January 20, part 2 Table for January 20

Lecture Notes for January 22

Lecture Notes for January 27

Lecture Notes for January 29

Lecture Notes for February 3 Notes Supplement

Lecture Notes for February 5

 

Problem Sets

There will be weekly problem sets required. It's OK to work with classmates on problem sets.

Problem Set 1: General Equilibrium Theory: An Introduction (2nd edition), problems 2.9(e), 3.1, 4.6, 4.7, 4.8, 4.9, 4.10, 4.11. Find the two typos in 4.11 (one in math, one in language). Answer the problem as you've corrected it. Problem Set 1 due in class Tuesday, January 13 or to John's mailbox by 1:00 PM. .

Suggested Answers for Problem Set 1

Problem Set 2: General Equilibrium Theory: An Introduction (2nd edition), problems 15.1, 15.2, 15.3.

Suggested Answers for Problem Set 2

Problem Set 3:General Equilibrium Theory: An Introduction (2nd edition), problems 24.4, 24.5, 24.7.

Suggested Answers for Problem Set 3

Problem Set 4: General Equilibrium Theory: An Introduction (2nd edition), problems 22.2, 22.6(b), 22.9

Suggested Answers for Problem Set 4

Suggested Answers for Problems 19.3, 19.12, 20.1, 20.4, 20.10, 20.11

Podcasts

Podcast recordings of selected lectures are available at Podcasts

Review session podcast

Exams

There will be a final examination for the five week segment January 6 to February 5. The exam will take place in Econ 200 and 300 on February 12th from 5:30-7:30pm. The exam is open-book, open notes, for hard-copy only. No calculators, cell phones, laptops, Ipads, or other electronic devices are permitted (except medically necessary devices).

Final Examination 2015 with Suggested Answers

The exam from Winter 2014 200B part 1 is presented below. .

Final Examination 2014 with Suggested Answers

Marking: 60 points possible; mean: 50.6; standard deviation: 5; minimum: 40; 25th percentile:47.5; median: 51; 75th percentile: 53; max: 60

Approximate grade distribution: 60: A+; 53 to 59: A; 49 to 52: A-; 40 to 48: B+

Winter 2014 Econ 200B part 1

Webpage including past exams. Answers to problem sets are omitted. 2014 podcasts are no longer on the web.