Victor O. Lima

Welcome to the homepage of Elements of Economic Analysis I. In it you will find useful resources for the course, including meeting time and place, class and TA session schedule, syllabus, problem sets, sample exams, solutions, contact information, links to related sites, and important announcements.

Announcements

• HTML

Links

• Undergraduate Economics Program Homepage
• Undergraduate Economics Program Newsletter

Course Syllabus

• PDF

Lecture Schedule

• PDF

Lecture Notes

• Table of Contents (PDF)
• Chapter 2: Constrained Optimization (PDF)
• Chapter 3: Scarcity (PDF)
• Chapter 4: Preferences and Utility (PDF)
• Chapter 5: Utility Maximization (PDF)
• Chapter 6: Expenditure Minimization (PDF)
• Chapter 7: Duality (PDF)
• Chapter 8: Comparative Statics (PDF)
• Chapter 9: Welfare (PDF)
• Chapter 10: Graphical Analysis (PDF)
• Chapter 11: An Endowment Economy (PDF)
• Chapter 12: Labor Supply (PDF)
• Chapter 13: The Value of Time (PDF)
• Chapter 14: Intertemporal Choice (PDF)
• Chapter 15: Uncertainty (PDF)
• Chapter 16: Asset Markets (Forthcoming) (PDF)
• Chapter 17: Taxation (Forthcoming) (PDF)
• Chapter 18: Implicit Prices (Forthcoming) (PDF)
• Chapter 19: Market Demand (Forthcoming) (PDF)
• Chapter 20: Equilibrium (Forthcoming) (PDF)
• Chapter 21: Intervention (PDF)

Course Material

• Milton Friedman and Leonard J. Savage, "The Utility Analysis of Choices Involving Risk," Journal of Political Economy, Volume 56, Issue 4, August 1948, pp. 279-304 (PDF)
• F. A. Hayek, "The Use of Knowledge in Society," The American Economic Review, Volume 35, Issue 4, September 1945, pp. 519-530 (PDF)
• George J. Stigler, "The Economics of Information," Journal of Political Economy, Volume 69, Issue 3, 1961, pp. 213-225(PDF)

Problem Sets

• Problem Set 1
• Problem Set 2
• Problem Set 3
• Problem Set 4
• Problem Set 5
• Problem Set 6

Solutions to Problem Sets

• Solution to Problem Set 1
• Solution to Problem Set 2
• Solution to Problem Set 3
• Solution to Problem Set 4
• Solution to Problem Set 5
• Solution to Problem Set 6

Midterm

• Sample Midterm
• Study Guide for the Midterm

Final

• Sample Final

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