Recitation notes are available along with the in-class exercises that students attempted and discussed. Note that recitation 6 did not have notes; instead, the class worked on the two exercises.
| REC # | TOPICS | EXERCISES | EXERCISE SOLUTIONS |
|---|---|---|---|
| 1 | Supply, Demand, and Equilibrium (PDF) Applications of Supply/Demand: Shocks, Minimum Wage, Rent Control, Policy Evaluation |
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| 2 | Behind the Demand and Supply Curves (PDF) Monopoly |
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| 3 | Monopolistic Competition (PDF) Game Theory and Strategic Interaction |
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| 4 | Externalities: Theory and Pollution Exercise (PDF) | ||
| 5 | Uncertainty and Asset Prices (PDF) Informational Efficiency: Rational Expectations, Random Walks Asymmetric Information: Lemons, Moral Hazard |
Adverse Selection Exercise (PDF) Moral Hazard Exercise (PDF) |
Adverse Selection Solutions (PDF) Moral Hazard Solutions (PDF) |
| 6 | Double Marginalization Specific Investment |
Double Marginalization Exercise (PDF) Specific Investment Exercise (PDF) |
Double Marginalization Solutions (PDF) Specific Investment Solutions (PDF) |
| 7 | Course Summary (PDF) Review for Final Exam (see practice test on the exams page) |