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TA: Michael
Powell
TA E-Mail: mikeyp05 at ucla dot edu
Reader: Andrew Robinson
Reader E-Mail: arob33 at ucla dot edu
TA Official Office Hours: Mondays, 4:00pm - 5:00pm, Tuesdays,
11:00am - 1:00pm, Thursdays, 1:00pm - 2:00pm in Bunche 2265 and by
appointment.
TA Unofficial Office Hours: Any time I am in the grad. lab (Bunche
2221E), I am more than happy to answer any questions you may have regarding
the course. I am typically in the grad. lab whenever I am not in
class, not eating, and not at home sleeping. My schedule is available
here.
During the discussion
sections, my primary objective will be to solve past homework problems, past
midterms, and past finals as these questions are rich with concepts which
are best understood through examples. In addition, I hope both to fill in any
gaps left during lectures and to help clarify any confusing or vague
concepts. If anyone has any particular topics he/she would like me to
cover, please send me an e-mail, and I will try my best to prepare something
by the time discussion rolls around.
Discussions
Lecture Summaries
(pdf)
(tex)
Collection of Notation
May 7th: Corrected proposition 82 and remarks 83
and 84. Thanks Hao!
May 11th: Made minor corrections to lectures 5
and 6. Thanks Hisa!
May 31st: Minor correction to definition 174.
Thanks Paulina!
September 23rd: Correction to proposition 161. Thanks Tracy!
(pdf)
(tex) Overview of Topics
(ppt) Marco's
Concept Map. Thanks
Marco!
Various Notes
(pdf)
(tex)
Mathematical Preliminaries
(pdf)
(tex) Differentiation and the Subdifferential
(pdf)
(tex)
Concavity and Quasiconcavity in QLGE
(pdf)
(tex) Two Examples of the Flattening Effect
(pdf)
(tex) The Marginal Product Inequality
and PCE
(pdf)
(tex) The First Welfare Theorem
Agendas
Week 1 (Wednesday,
April 5th, 2006: 4:00pm - 5:50pm, Bunche 2160)
Administrative issues (rescheduling next week's
discussion section)
Brief overview of the course
Mathematical preliminaries
Convexity of sets
Concavity and
quasiconcavity of functions (and the
relationship to convexity of sets)
The supremum operator
Lecture clarifications
Homework 1, 2005: Question 1 (Earned and
Unearned Income in Walrasian Equilibrium)
Main Topic: Course Overview
Recommended reading:
Lecture Notes on Standard Model, pages 1-7, 12-21
Week 2 (Monday, April 17th, 2006: 4:00pm-5:50pm, Bunche 2178)
(Tuesday, April 18th, 2006: 11:00am-12:50pm, Bunche 2178)
Hints for problem set 1
Mathematical preliminaries
The operation of set
addition
Homework 3, 2005: Question 3 (Graphical
Description of Equilibrium and Efficiency)
Lecture clarifications
Homework 1, 2005: Question 3 (Replica
Invariance)
Main Topic: Standard Model and Replica Invariance
Recommended reading:
Lecture Notes on Standard Model, pages 7-11,
Lecture Notes on
LP, pages 1-4
Week 3 (Thursday, April 20th, 2006: 11:00am - 12:50pm, Bunche
2160)
Mathematical preliminaries
Homogeneity
Additivity
Differentiability and the Subdifferential
Lecture Clarifications
Main Topic: Mathematical Tools
Recommended reading:
Lecture Notes on
LP, pages 4-14
Week 4 (Thursday, April 27th, 2006: 11:00am - 12:50pm, Bunche
2160)
Administrative issue - Schedule midterm review session
Homework 2, 2005: Question 3 (An Edgeworth
Box Version of Quasi Linearity)
Bonus Question 1 (Quasilinear General Equilibrium)
Bonus Question 2 (The "Representative Agent")
Main Topics: Quasilinearity and
aggregation
Recommended reading:
Lecture Notes
on QL Gen Eq, pages 3-9,
Week 5 (Thursday, May 4th, 2006: 11:00am - 12:50pm, Bunche 2160)
Final, 2005: Question 1 (Duality and
Efficiency of Price-Taking Equilibrium)
Final, 2002: Question 1 (Comparing PTE and
PCE)
Comp, Fall 2003: Question 5 (Representative
Individual)
Main Topics: PTE, PCE, and
Convexifying Effect
Recommended reading:
A Revision of the First Theorem of Welfare Economics,
Flattening and Convexifying with Large Numbers, pages 9-14
Review Session (Tuesday, May
9th,
11:00am - 12:50pm, Bunche 2178)
Definition of perfectly competitive equilibrium
Midterm, 2005: Question 2 (Private and
Social Gains)
Midterm, 2005: Question 3 (A Version of the
Flattening Effect of Large Numbers)
Main Topics: PTE, PCE, and Flattening effect
Recommended reading:
Flattening and Convexifying with Large Numbers,
pages 2-4, 6-9
Week 6 (Thursday, May 11th, 2006: 11:00am - 12:50pm, Bunche
2160)
Midterm examination. Don't forget bluebooks!
Week 7 (Thursday, May 18th, 2006: 11:00am - 12:50pm, Bunche
2160)
The marginal product inequality
Simple example of the occupational choice model
Midterms returned
Main Topic: Occupational choice model
Recommended Reading:
A Revision of the First Theorem of Welfare Economics
Week 8 (Thursday, May 25th, 2006: 11:00am - 12:50pm, Bunche
2160)
Administrative Issues
Scheduling the review
session
Teaching evaluations
Equivalence of PEDS and FA
Final, 2002: Question 4 (Is it Real or is
it Pecuniary?)
Homework 6, 2003: Question 2 (A Double
Tragedy of the Commons)
Main Topic: Externalities
Week 9 (Thursday, June 1st, 2006: 11:00am - 12:50pm, Bunche
2160)
Truthful reporting of utility functions
"First Welfare Theorem" for Lindahl Equilibrium
Final, 2002: Question 3 (Pricing and
Payments for Public Goods)
Final, 2003: Question 4 (Idealized Pricing)
Main Topic: Lindahl Equilibrium
Recommended Reading:
Notes on
Non-Manipulable Mechanisms
Week 10 (Thursday, June 8th, 2006: 11:00am - 12:50pm, Bunche
2160)
Homework 7, 2003: Question 1 (Costlessly
Provided Public Goods)
Homework 7, 2003: Question 2 (PTE
Mechanism)
Main Topic: Mechanism Design
Recommended Reading:
Notes on
Non-Manipulable Mechanisms,
Landsburg, Ch 3, pages 23-25
Review Session (Monday, June 12th, 2006, 3:30pm - 6:30pm, Bunche 2160)
Outline of the course
Final, 2005: Question 2 (Special Cases of
Private versus Costly Public Goods)
Final, 2005: Question 3 (The Consequences
of Holdups)
Comp, Spring 2005: Question 5 (A q-unit
Auction)
Final Exam (Wednesday, June 14th, 2006, 11:30am - 2:30pm, Public Policy
1246)
Links
(htm)
Material from previous quarters
Lecture
Notes
(pdf) Lecture Notes from 4/3/06
(pdf) Lecture Notes from 4/5/06
(pdf) Lecture Notes from 4/10/06
- Thanks Amy!
(pdf) Lecture Notes from 4/12/06
- Thanks Amy!
(pdf)
Lecture Notes from 4/17/06
(pdf)
Lecture Notes from 4/19/06
(pdf)
Lecture Notes from 4/24/06
(pdf)
Lecture Notes from 4/26/06
(pdf)
Lecture Notes from 5/1/06
(pdf)
Lecture Notes from 5/3/06
(pdf)
Lecture Notes from 5/8/06
(pdf)
Lecture Notes from 5/10/06
(pdf)
Lecture Notes from 5/15/06
(pdf)
Lecture Notes from 5/17/06
(pdf)
Lecture Notes from 5/22/06
(pdf)
Lecture Notes from 5/24/06
(pdf)
Lecture Notes from 5/31/06
(pdf)
Lecture Notes from 6/5/06
(pdf)
Lecture Notes from 6/7/06
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