Econ 100M // Prof. Dan Friedman
Announcements Final exam score statistics: Hi = 83, median = 63. Answers are posted below.
You may pick up your exams next quarter
A draft of the official cheat sheet is posted below... please email suggested changes to Andrew Brooks ambrooks@ucsc.edu
I've attached an article from the Economist magazine dealing with externalities.
Intermediate Microeconomics, Math Intensive. An intermediatelevel course in microeconomic theory and applications, this class focuses on models of consumer behavior and demand, firmsâ€™ cost and supply, and resulting market outcomes. Students will learn where and why the models work, and will become adept at using them to predict and explain economic behavior in the modern world. The presentation assumes that students are comfortable using tools from calculus, including constrained optimization, and solving small systems of linear equations.
The primary text is Microeconomics: Theory and Applications with Calculus, 2nd Ed., by Jeffrey M. Perloff (AddisonWesley, 2011). Additional readings are on reserve in the Science Library and/or posted below. Grades are based on class participation and homework (25%), midterm exam (25%), and final exam (50%).
The class meets Tu Th noon  01:45PM in Physical Sciences 136.
Instructor is Dan Friedman. His Office hours are MW 3:304:30pm in 417 Engineering 2, and by appointment.
Reader is Alexandra Hancock. Her office hour is Th 6pm in McHenry Library Coffee Shop.
Due dates.
Problem Set #6 is due Tuesday March 12.
Readings // All // akFinal // // Pigou // // // finCS // akPS5 // // akPS4 // ps6 // ps5 // ps4 // akmt // // // akps3 // akCh8pp // mtpp // ak2 // // // SunkTreasure // ps3 // WSJadjunctLects // ps2 // // ps1 // syl //

A paper on the sunk cost fallacy // Posted on Jan. 30, 2013
Kai Pommerenke, Dan, and two HP coauthors investigate sunk costs in the lab. The first part of the paper may interest you.
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