Micro Economic Theory A (2004-5)

Ariel Rubinstein

All 67  grades are  posted.   The exam and the solution, written by the Itai and Tamir, are posted. will take tome to the exam to reach me but I will do my best to grade them quickly.   It is not clear when Moed B will take place.  In any case, students who did not take Moed A this year are not permitted to take Moed B.

October 2004 Su M Tu W Th F S 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 November 2004 Su M Tu W Th F S 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 December  2004 Su M Tu W Th F S 1 2 3 4 5 6 7 8* 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 January 2005 Su M Tu W Th F S 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29

Lecturer	Ariel Rubinstein    (office hour-please call 640-9601 to coordinate)
Teaching Assistants	The teaching assistants will hold two separate sessions where they will go through the problem sets.  You will be asked to attend one of the two classes.  Itay Fainmesser      and Tamir Aldema Tshuva
Problem Sets	It is extremely important that you submit all problem sets even though it is not a mandatory requirement.
Administrative problems	Anna Ayach
Date	Class Mon 18:15-19:45, Wed 08:30-10:00 Ofer Hall Economics 012 Hashlama  (in case we will need it) Fri    08:30-10:00 Economics 012 Targil (attend one of the two) Tamir: Thus 12-14  (for studnets with better math background) Itai:     Wed 10-12 (for studnets with insufficient math background) Economics 011  Economics 012
Books	David Kreps:  A Course in Microeconmic Theory, Princeton University Press, 1990 Andreu Mas-Colell, Michael D. Whinston, Jerry R. Green:  Microeconomic Theory, Oxford University Press, 1995.
Course Material	A student is required to hold an e-mail address .  All material for the course will be posted on the web (and will not be distributed in class). Downloading lecture notes and problems sets requires a "user name" and a password which will be given to students in the class and should not be transferred to other students!!
Exam 28 January 2005 Review questions	TAU Princeton/NYU exam solution grades 1994A ---   1997/8 A solution grades 1997/8  B page 1 page 2   1998/9 A solution grades 1998/9 B solution   1999/00 A solution   2002/3 A solution grades  2002/3 B     2003/4A solution grades  2004/5A solution   Univ exam solution Pr 1997 --- Pr 1998 solution Pr 1999 --- Pr 2000 solution Pr 2001 solution Pr 2002 solution NYU 2003  solution
Students list	Please update your e-mail address at  http://www.ims.tau.ac.il/tal/ For registration send an e-mail to listserv@post.tau.ac.il  with the line:   subscribe ECO1011-4111-01 Real Name

Plan of the course

In most of the course (about 80%) we study models of rational economic agent.  In the rest of the course we will discuss the notion of competitive equilibrium.

#	Date	Topic	Lecture Notes	Solution
			references
1	25/10	Preferences	preface
2	27/10	Preferences	L01	s01
3	1/11	Utility	L02	s02
4	3/11	Utility
5	8/11	Choice	L03	s03
6	10/11	Criticism on Rationality
7	15/11	Consumer's preferences	L04	s04
8	17/11	Classes of consumer's preferences
9	22/11	Demand
10	24/11	Rationalizing Demand	L05	s05
11	29/11	more on Demand.
12	1/12	Indirect Utility	L06	s06
13	6/12	LAST lecture on demand and supply
14	8/12	Supply	L07	s07
15	13/12	Expected Utility
16	15/12	EU with money	L08	s08
17	20/12	Risk aversion
18	22/12	Risk aversion	L09	s09
19	27/12	Social Choice	L10	s10
20	29/12	Social Choice	Reny's paper  (available from a univ. server)+ sketch of Reny's proof
21	3/1
22	5/1	The housing model	B01	sb1
23	10/1	Competitive equilibrium
24	12/1		B02	sb2
25	17/1	Core	B03
26	26/1	Review	review

(a sticker in TAU)

Special tasks

Before Lecture	Task	Links
Lecture 1	Intransitivities:	http://gametheory.tau.ac.il/exp11/
Lecture 2	The Shepard Scale	http://www.sandlotscience.com/Ambiguous/ShpTones1.htm   and http://asa.aip.org/demo27.html   (make sure to listen to both   and   )
Lecture 4	---	set 1 of pre-class questions
Lecture 8	---	set 2 of pre-class questions
Fun		http://gametheory.tau.ac.il/student/poll.asp  ( your course number (for this site) is 451).