Materials from Class
Copies of handouts. See the Course Outline page for readings in the textbook or exercises.
Demand, Supply and Markets
Household Choice and Cost Benefit Analysis
Mon Mar 18
- Income elasticity; normal and inferior goods; expenditure function;
compensating variation (CV).
Wed Mar 27
- Human capital; separation of production and consumption; maximizing
Mon Apr 1
- PV for more complex streams; net present value; applications.
Producer Behavior and Market Structure
Mon Apr 22
- Handout on output and profit maximization.
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Peter J Wilcoxen, The Maxwell School, Syracuse University