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Course Syllabus
Introduction to Microeconomics Logic

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Meeting Dates:
August 10 — August 11
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Class Sessions:
Tuesday (10th)
2:00 - 5:00 pm
Room 3.109
Wednesday (11th)
2:00 - 5:00 pm
Room 3.109


A. Course Objective

This short course provides a quick introduction to the basic logical framework in microeconomics, which forms the core of Political Economy I in the MPAff program at the LBJ School. The detailed content of microeconomics theory will be covered in PE-I. The two sessions in this short course are simply intended to provide basic perspectives

 

B. Course Organization

The axiomatic logic of microeconomics models will be summarized in both mathematical and practical terms, in four half-sessions over two days:

August 10, first half: Historical evolution of microeconomics thinking.

August 10, second half: Consumer/producer theory in mathematical logic, part I

August 11, first half: Consumer/producer theory in mathematical logic, part II

August 11, second half: Market equilibrium and criteria for economic welfare

 

C. Reading Material
There is no required textbook for this course. However, we have found from past experience that many students find the exercises helpful in the following two books:
. Friedman, Milton (1963). Capitalism and Freedom. Chicago, IL: University of Chicago Press.

. Okun, Arthur M. (1975). Equality and Efficiency: The Big Tradeoff. Washington, DC: Brookings Institutions


  
 

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Last Updated June 4, 2004