Videos
During the Spring 2012 semester, I arranged to have my class lectures taped. I did not edit the video (beyond removing the beginning of class when I pass out handouts and collect homework). I certainly did not use high end equipment nor try to storyboard or follow a script. Thus, the results are quite raw -- it's a historical record of what I taught at that time. As unpolished as they are, these videos may help students understand the material and instructors to see how to use the files in class so I am making them available. They also enable flipping the classroom. Simply click on a link to view a lecture (all are under an hour).
Not all chapters in the book are covered. If you only have time for one video, see IntroSupplyDemand -- it's my favorite! (Curiously, it does not use Excel . . . )
| Section | Topic | Description |
|---|---|---|
| Introduction | Introduction | Class intro; show an optimization problem |
| Theory of Consumer Behavior | BudgetConstraint | m = p1x1 + p2x2 |
| Preferences | Revealed preference | |
| Utility | U=f(x1,x2) | |
| IntroducingOptimalChoice | Max U s.t. budget constraint with calculus and Solver | |
| OptimalChoicePractice | Quasilinear U and perfect complements | |
| FoodStamps | Application to food stamps | |
| EngelCurves | x1* = f(m) | |
| DemandCurves | x1* = f(p1) | |
| DemandCurvesPractice | Demand with quasilinear U and perfect complements | |
| GiffenGoods | U functions that yield Giffenness | |
| IncSubEffects | Income and substitution effects | |
| IncSubEffectsPractice | Inc/sub with quasilinear U (no income effect) | |
| EndowmentModelIntro | w1x1 + w2x2 = p1x1 + p2x2 | |
| IntertemporalChoice | Borrowing/saving as optimal choice | |
| CharitableGiving | Application to charity | |
| RiskandReturn | Optimal portfolio theory | |
| SafetyRegulation | Peltzman's seat belt paper | |
| Theory of the Firm | ProductionFunction | Y=f(L,k) |
| InputCostMin | Isoquant/isocost | |
| EnfieldArsenal | Application to British rifle making | |
| CostFunction | Deriving cost from input cost min | |
| CostCurves | TC, TFC, TVC, MC, ATC, AVC | |
| OutputProfitMaxPCSR | Profit max for a PC firm in the SR | |
| DerivingSupply | q* = f(p) | |
| DiffusionandTechnicalChange | Shutdown rule application | |
| InputProfitMax | Max profit by choosing L and K | |
| DemandforLabor | Short versus long run labor demand | |
| Consistency | All three opt problems in one workbook | |
| Monopoly | Profit max for a monopoly | |
| GameTheory | Cournot-Nash | |
| Market System | IntroSupplyDemand | Markets as an allocation mechanism |
| ConsumersProducersSurplus | Optimal allocationa and deadweight loss | |
| TaxesDWL | Tax incidence and DWL | |
| MonopolyDWL | Monopoly and DWL | |
| SugarQuota | Application to US TRQ on sugar | |
| IntroEdgeworthBox | Introducing the Edgeworth Box | |
| EquilibriumEdgeworthBox | Equilibrium in the Edgeworth Box | |
| ParetoOptimality | First Fundamental Theorem of Welfare Economics |
Screencasts (short snippets of a few minutes that I will try to create more of as time permits):
| Section | Topic | Description |
|---|---|---|
Theory of Consumer Behavior |
||
| Theory of the Firm | ||
| MarketSystem | SolvertoFindGE | Using Solver in an Edgeworth Box to find equilibrium |