| LEC # | TOPICS | FILES |
|---|---|---|
| 1 | Introduction and a first application: The minimum wage debate | Lecture 1 Notes (PDF) |
| 2 | Causal inference in economics, with an application to the minimum wage debate | Lecture 2 Notes (PDF) |
| 3 |
Axioms of consumer preference and the theory of choice math tools | |
| 4 | Utility maximization | Lecture 4 Notes (PDF) |
| 5 | The expenditure function, with an application to gift giving | Lecture 5 Notes (PDF) |
| 6 | Demand functions: Income effects, substitution effects, and labor supply | Lecture 6 Notes (PDF) |
| 7 | Linking compensated and uncompensated demand: Theory and evidence | Lecture 7 Notes (PDF) |
| 8 |
Parts 1 & 2: Applying consumer theory to competitive markets-The United States sugar program
| Lecture 8 Notes for Class Prep (PDF) |
| 9 | Applied competitive analysis: A second example | Lecture 9 Notes (PDF) |
| 10 | General equilibrium in a pure exchange economy | Lecture 10 Notes (PDF) |
| 11 |
Applying the GE framework to consumer markets: Fishing in the State of Kerala, India Lecture 11 example: Taxation versus lump sum transfers in the Edgeworth box | |
| 12 | International trade and the principle of comparative advantage | Lecture 12 Notes (PDF) |
| 13 | The gains from international trade: Empirical evidence using the method of instrumental variables | Lecture 13 Notes (PDF) |
| 14 | Why is free trade controversial? Theory and evidence | Lecture 14 Notes (PDF) |
| 15 | Does trade raise national income? The method of Instrumental Variables | No notes available. |
| 16 | Uncertainty, risk preference, and expected utilit theory | Lecture 16 Notes (PDF) |
| 17 | The market for risk | Lecture 17 Notes (PDF) |
| 18 | Two applications of risk and safety regulation: Airplane seats for infants and the value of a statistical life | Lecture 18 Notes (PDF) |
| 19 | Causal inference using regression discontinuity design | Lecture 19 Notes (PDF) |
| 20 | Education, human capital, and labor market signaling | Lecture 20 Notes (PDF) |
| 21 | Signaling and statistical discrimination: An application to "Ban the Box" legislation |
 Lecture 21 Notes (PDF)
|
| 22 | Private information, adverse selection and market failure | Lecture 22 Notes (PDF) |
| 23 | Adverse selection, risk aversion, and insurance markets | Lecture 23 Notes (PDF) |