Fourteen-page booklet, plus references, adapted from Peter Earl & Tim Wakeley (2005) Business Economics: a Contemporary Approach (ISBN 9780077103927).
Subjects in Intermediate Microeconomics
About two dozen short animated lectures and online slide shows for micro and macroeconomics. The slides are in a Flash format which does not allow editing, but allows readers to step through and recap. They use animation to build up graphs and show their interrelation.
This video clip is available on YouTube. It was narrated by Peter Smith of Southampton University. Duration is just over six minutes. It look at population growth. Using examples such as Korea, Indonesia and Ghana, he applies microeconomic analysis to see which factors might contribute to high birth rates in certain countries. This is shown in moving graphs.
This is a 234-page textbook written by a graduate student. It is available as a single 1Meg PDF file. A separate version with far less maths is also available. The text is in four sections: "One: The Optimising Individual", "One v. One, One v. Many", "Many v. Many" and "The Role of Government".
This is a blog, begun in May 2012, in which Prof. Arvan answers questions from students about Microeconomics (Principles or Intermediate). Posts are organised by date and by topic.
Lecture outline from a module in intermediate micro.
Test for Intermediate Micro module for 2nd year students.
This is a course outline for a a unit of the OU Microeconomics course made available through their OpenLearn initiative. It includes a synopsis of the course brown down into key topics including, labour market disadvantage, Neoclassical models of discrimination, segmented labour markets and policy issues. It also includes links to related readings and activities.
This course webpage supports Intermediate Microeconomic Theory as taught by Sergei Izmalkov of MIT in 2006. Follow the download this course link for a zip file that contains this 22-lecture course. It is divided into "Producer Part," "Consumer Part," "Equilibrium Analysis," "Strategic Considerations" (including asymmetric information) and "Special Topics". Some brief lecture notes for each are archived in PDF.
This is a complete textbook covering intermediate microeconomics, released online under a Creative Commons license and downloadable as a 352-page PDF file. Chapter titles are "What is Economics?" "Supply and Demand", "The US Economy", "Producer Theory", "Consumer Theory", "Market Imperfections" and "Strategic Behaviour". This text contains a number of topics and case studies not covered in other texts, for details of which see the home page.
This YouTube playlist has 24 captured full-length lectures covering a wide range of micro then macro topics. The videos come without additional information.
FreeVideoLectures brings together videos of economics courses from Universities such as Yale and Berkeley, as well as online providers like the Khan Academy. They are arranged by topics, including: international economics, trade, game theory, history of economic thought and economic demography. Items are listed by course enabling students to work through a course chronologically.
This is a playlist of nineteen full-length lectures on YouTube, totalling more than 25 hours of video, recorded in Spring 2010. Topics include The New Economics of Mortality, Human Capital and Intergenerational Mobility, and Investment in Schooling and Training. Each lecture has a summary, a link to a PDF of lecture notes and a link to the course reading list.
This channel has more than fifty "Micro-lectures on Microeconomics", using spreadsheets and audio narration to explain topic in a few minutes. The spreadsheets themselves are downloadable from the video descriptions.
A series of twenty lectures from a free online course that ran in 2012. Each is broken into chunks of about ten minutes. The video format shows the speaker's face along with slides that he annotates live. Topics include decision theory, economic growth, Markov chains, fitting lines to data, linear and non-linear models, agent-based models, co-ordination problems in game theory, networks, random walks, and auctions, among others.
Seventeen video lectures with PDF slides from a course delivered in 2011. Each lecture is available in two versions: a "regular" version and "turbo" version which covers a bit more material. "The first part of this course discusses markets with one or a few suppliers. The second part focuses on demand and supply for factors of production and the distribution of income in the economy. This course also includes some elementary general equilibrium theory and welfare economics."
Seventeen video lectures, with slides in PDF format and teaching notes on specific topics, from a joint undergraduate/graduate course "that seeks to show the unity of classical Marshallian price theory with topics of recent interest in industrial organization, public finance, international trade and particularly the design of social institutions." The course was delivered in Fall 2013
This is the support site for a Microeconomics 2 course and has PDF lecture notes and PowerPoint animated slide shows for the following topics: Game Theory, Firms and Markets, Principal Agent Analysis, Production, Costs, Competition and Monopoly, Monopoly Pricing, Cournot Oligopoly, Stackelberg and Bertrand, Cournot with Conjectural Variations, and Price Leadership.
The economics of competition: a global perspective, is part of Kevin Hinde's suite of economics resources. The lecture slide shows are from a course for Business Studies students which "explores the effects of competitive and anti-competitive behaviour in Europe". Lecture topics are: Introduction to Competition and Regulation, Case Study on Regulation: Protecting Consumers, Understanding Markets and Industries, The Welfare Effects of Market Structure, Oligopoly, Barriers to Entry, Cartels, Predatory Behaviour, and Privatisation and Regulation of Public Utilities. They are available in PDF and also as PowerPoint files.
This section of the IFS website contains a good variety of free resources which could be useful for teaching. There are online journal articles from their own Economic Review, Powerpoint slides of public lectures, quick factsheets and interactive resources, eg. "Income Distribution - where do you fit in?" Topical areas covered include food prices, taxing the rich, understanding public sector finance and higher education funding.
Network Economics is an introductory text by Anna Nagurney of the Isenberg School of Management, University of Massachusetts. It includes notes and reading list on economics of networks, mostly as text and basic diagrams. Includes cost and distance optimisation problems, congestion (including Braess's Paradox) and applications of networks to economics.
An Introduction to Investment Theory is an online textbook "designed for use in a four-week teaching module for master's students studying introductory finance", written by William N. Goetzmann of Yale University, School of Management. Eight chapters covering theories of financial investment decision, risk, portfolio selection, asset pricing, arbitrage, capital market efficiency. Assumes some basic statistical knowledge, but presentation mostly uses diagrams and simple algebra.
Short glossary of terms used in New Institutional Economics, compiled by a research institute associated with law-and-economics scholar / Nobel prizewinner Ronald Coase. Entries are short, but each carries references to the academic papers that first established the term within new institutionalism, e.g. Transaction cost, Social Cost, Social Capital, Property Rights.
Behavioral Economics is a draft of the opening chapter of C Camerer, G Loewenstein and M Rabin (eds)(2003) Advances in Behavioral Economics, Princeton University Press. It covers the main heuristics and judgement biases revealed by psychological experiments and statistical surveys on choice, and the implications for macroeconomics, financial economics, labour economics and other areas where 'rational' choice is traditionally assumes.
This is the complete text (24 chapters) of an intermediate microeconomics textbook, with many graphics. The first edition was published in 1986, with additional chapters added in 1990. Main sections include "Competitive Equilibrium in a Simple Economy", "Complications, or Onward to Reality", "Judging Outcomes" and "Applications, Conventional and Un-". Each chapter includes questions at the end.
This is a large (half-megabyte) PDF file, scanned from 21 pages of typewritten lecture notes, in which Nobel laureate McFadden tells a witty alternative tale of Robinson Crusoe. Walras and Keynes appear on his island to offer advice on the maximisation of happiness and his employment of Man Friday. Indifference curves, production possibility curves and profit maximisation are among the topics addressed.
This is an extensive index of micro aspects of the CyberEconomics on-line textbook written by Roger Schenk. It contains more than a hundred entries linked to appropriate parts of the text, from adjustment process to zero sum game. There is also a link to a version of this list that is grouped by topics.
Iowa Electronic Markets (IEM) is an online futures market where contract payoffs are based on real-world events such as political outcomes (including the US Presidential election), companies' earnings per share (EPS), and stock price returns. It is run as a non-profit educational and research project by faculty at University of Iowa, Henry B. Tippie College of Business. Most of the markets use real money, although there is a free practice market. The site includes instructor resources, research papers based on their experience and a trader's manual.
This is an index to two occasional columns from the JEP: the Puzzles column edited by Barry Nalebuff and the Classroom Games column edited by Charles A. Holt. The former presents, with answers, puzzles to stimulate teaching, research and discussion. The latter describes classroom exercises for the teaching of undergraduate-level economics.
Twelve tutorials on microeconomic topics are available on this course web site, each divided into short chunks and with graphics and Excel worksheets. The topics are: Reservation Prices, Supply and Demand, Price Elasticity, Consumer Choice, Consumer Demand, Production, Costs, Price-taking Firms, Monopolistic Firms, Wage-taking Firms, and Monopsonistic Firms.
This course web site holds 13 workbooks on microeconomic topics. Each includes an instruction sheet, a model and some quiz questions. The topics are: Reservation Prices, Supply and Demand, Price Elasticity, Consumer Choice, Consumer Demand, Cost Minimization, Price-taking Firm, PC Product Markets, Monopolistic Markets, Labor/Leisure, PC Input Market, Monopsonistic Markets, and General Equilibrium.
Graphic representations of various concepts in microeconomics (e.g. monopoly, consumer and producer surplus, Edgeworth Box), macroeconomics (e.g. Solow growth model, Keynesian cross, Lorenz Curve and Gini coefficient), game theory (e.g. Nash equilibrium in 3x3 game, binomial tree) and financial theory (e.g. net present value, price-yield curve). Submitted by various authors in Mathematica, with short explanation of underlying theory, and options to manipulate the diagram by changing the different variables. To do this, and view the demonstrations in the browser, requires download of the Mathematica Player browser plug-in which is available for Windows, Linux or Mac. These form part of the Wolfram Demonstrations Project, hosted on the website of independent scientist Stephen Wolfram as a development of his popular Mathematica program.
The Nobel Foundation makes available a great deal of material on each of the Economics prize winners, including video of each Prize Lecture since Robert Mundell in 1999. As well as a lay introduction to each prize winner's research, there are "Advanced information" links giving a more technical explanation. This link is to the Economics Network's quick index of lecture videos and related materials on the site. Each video is a full lecture (usually between 40 and 60 minutes) with good audio and video quality, and pitched at a non-technical audience. Transcripts of each lecture are available.
Lecture notes in microeconomic theory: the economic agent is an online text produced by Arial Rubinstein of Tel Aviv University / New York University. It covers advanced topics in microeconomic theory including consumer preferences, expected utility, risk aversion and social choice. The text is presented as a series of PDF chapters, with notes, mathematical proofs, bibliographical notes and problem sets.
Problems in Microeconomics is "a set of practice problems and interactive lecture displays for students and faculty in introductory courses in microeconomics", written by Byron W. Brown, Professor of Economics at Michigan State University. The material here is presented as a combination of PDF files and Excel workbooks. There are 38 topics covered, mostly of an intermediate level. The site has detailed notes for instructors.
EconPort is a digital library funded by the USA's National Science Foundation. Their glossary takes content from the econterms.org glossary by Peter Meyer and the Sonderforschungsbereich 504 glossary developed at the University of Mannheim. It covers microeconomics, experimental economics and econometrics.
Nicholas Economides' network economics home page, with links to his main papers on the subject including (most useful for teaching) his 'Economics of Networks' review article, interactive bibliography, and links to US anti-trust materials centred on the Department of Justice vs Microsoft case.
A set of interactive games that are played in the browser. The tutor selects a game and chooses the number of players, then is given unique logins to distribute to learners. One game - an airline pricing game - is played against the computer: in the rest, learners play against each other.
A set of configurable, graphically appealing, online interactive games that work across laptops, iOS (Apple) and Android devices. Instructors can customise the games, or use default settings, and students join by entering a class code. The instructor gets a graphical analysis of outcomes immediately at the end of the session, for use in class discussion. The site has course guides that suggest how to sequence the games in different Economics courses, and each game has references to relevant papers. The site's apps can also be used to administer individual survey or assessment questions online.
This complete set of materials for teaching income tax has been used in a second year undergraduate microeconomics course for economics specialists at the London School of Economics. The material could also be used in a public finance course. There are 107 Powerpoint slides, a worked example to support the lecture, a class activity involving student presentations (printable instructions for students and for lecturers) and some assessment questions.
Ten Excel spreadsheets, each with a worksheet in Microsoft Word format, are held here. Each spreadsheet takes several different inputs from the student and the worksheets give specific guidance on how to use them. Topics are: Working with Lines, Market Equilibrium, Market with tax, Cardinal Utility, Consumer Choice, Income and Substitution Effects, Products and Costs, Competitive Firm, Competitive Industry, and Monopoly.
Lecture notes on theory of the firm, growth of firms and industry concentration, barriers to entry, product differentiation, welfare effects of monopoly and other industrial topics. Some handwritten; most contain graphical presentation as well as algebra, some accompanied by slides. Linked to 10-week Industrial Economics course at City University, as taught in 2005.
PowerPoint presentation depicting decision-making under risk, showing how risk attitudes can be examined using choices among lotteries or willingness to pay for insurances. Shows how risk attitudes can be captured in convexity of the indifference curve or strict concavity of the utility function; and how risk aversion can be quantified by the ratio of second and first derivatives of the utility function, implying that it falls as wealth increases.
Archived page from a course taught in 2008. It contains 100+ lecture slides covering the demand and supply sides of partial equilibrium analysis, including effects of shifts in demand and supply, price elasticities of demand and supply, short- and long-run changes, efficiency and welfare analysis, impact of taxes and price controls, extension to international trade. Uses clear graphics and simple equations. Also includes a course syllabus, coursework assignments and a sample exam paper.
This is an almost complete, detailed intermediate micro textbook. The book is arranged into four parts: "Economies without Production", "Economies with Production", "Applications and Implications of the Basic Tools" and "Market Inefficiencies of Various Types". There are also lecture notes with graphs to accompany most chapters, generated in Maple and converted to HTML.
This course webpage for Prices and Markets, as taught at Strathclyde University includes sets of lecture slides for the 2003/4 course in PDF, as well as problem sets (short answer and True/False) with answers in a separate file. There are also some sample questions from past exams. The site is no longer online so this link goes to the Web Archive's copy.
This is a course webpage supporting a course on intermediate microeconomics as taught by Dieter Balkenborg at the University of Exeter in 2007/8. It includes a course outline / syllabus, slides and lecture notes, supplementary information on specific topics, exam papers and solutions. It also features a link to the 2006/7 version of the course. Most of the material is available as PDF files.
Institutional Economics site containing links to course outlines for 30+ institutional, behavioural and heterodox economics courses, mostly in the US. Online access to Allan Schmid's working papers, and book 'Property, Power and Public Choice' (in English and Spanish). This argues the general case for countries' economic performance being affected the institutions that shape agents' choices and governments' policymaking, then sets out (and offers some secondary empirical support for) some hypotheses on the impact of different property rights arrangements.
Ed Dolan teaches global macroeconomics, managerial economics, money and banking, and other courses in several European countries. His blog features short articles relating to economics teaching, including news, data, examples, and illustrations. Each post has a link to a free set of PowerPoint slides that can potentially be used in teaching.
This link takes you directly to a PDF file of a Robert Marks chapter on demand. It covers a "theory of market demand from a small number of axioms of rational choice", including a theory of rational choice, utility bundles and indifference curves, constrained maximisation of utility, the Edgeworth Box, individual demand function, comparative statics, including the Slutsky equation and the market demand curve and relevant elasticities.
A dozen sets of bullet-point lecture slides from an MBA course in microeconomic analysis, with some past exercises. Topics are: Creating Value, Added Value in Trade, Monopolistic Markets, Costs of Production to Mass Markets, Pricing to Mass Markets, Pricing with Multiple Buyers and Sellers, Production in Perfectly Competitive Markets, Barriers to Entry and Competition, Game Theory Revisited, Oligopoly, and Review and Extensions to Business Strategy.
Five detailed problem sets from a year 2000 course cover topics from consumer preference to oligopoly and factor markets via productions, costs and choices of the firm.
These exam papers from six years of a course based on Perloff's textbook present short-answer questions, available as PDF files.
Twelve short-answer problem sets and five exams archived with answer keys in separate documents by Daniel L. McFadden of University of California, Berkeley to support his Economics 100A Microeconomic Analysis as taught in 2001.
Six heavily mathematical problem sets are on this 2001 course page for Economics and E-commerce as taught by Glenn Ellison, Caroline Smith of MIT.
Created to accompany an intermediate microeconomics course, these PDF files include text, equations and graphs, with hyperlinks to help the reader navigate around each of the 13 tutorials. The files also include interactive multiple-choice quizzes. Topics covered include Decisions and Markets, Pricing and Equilibrium and Tradeoffs and Choice. This link is to Archive.org's copy of the site, dating from November 2005.
Sonderforschungsbereich 504 is an interdisciplinary research group combining economists with social psychologists. This glossary provides well-written short articles in English on the basic concepts of economics and econometrics, as well as the psychology of decision making and social judgement. Covers most of the 'heuristics and biases' causing deviations from rational choice, e.g. availability, representativeness, risk aversion, anchoring-and-adjustment. Also covers behavioural finance, game theory, experimental economics, auction theory; and applications to life-cycle savings decisions. Essays are cross-referenced to entries in the site's bibliography.
This is a course web site from 1999, with links to sites for previous years. It includes problems sets, suggested readings and past exams papers. Topics addressed are: Axiomatic development of utility functions, Axiomatic development of expected utility, Applying expected utility theory, Introduction to Revealed Preference, Consumer Theory Handout, Consumer Theory: Summing Up, and Applied Consumer Theory. All material is in PDF.
The site holds tests and exams, along with four assignments in which students are asked to create spreadsheets to illustrate specific concepts. The four topics are supply and demand, consumer utility maximisation, profit maximisation for a competitive firm, and profit maximisation for a monopoly. It is part of a course webpage supporting an intermediate economics course.
This 134-page PDF file contains notes for slides for the whole of the fifth edition of Varian's textbook on intermediate microeconomics.
Four sample chapters from this text for mathematically adept students are available for download. The chapters are "Introduction", "Supply and Demand", "The Business Enterprise: Theory of the Firm" and "Growth and Development". More than 150 pages of material are included, plus the book's preface and contents.