Econ 101 // Prof. Dan Friedman
Announcements
Final exam mean was 78.0, with std dev 10.0. This is better than most years --- good work! You can pick up your final exam, at my office, 417 E2, the first week of classes Winter quarter. And pick up a munchie from New Leaf while you are in the neighborhood -- better late than never!
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Managerial Economics A second course in microeconomics at the intermediate level, Economics 101 will emphasize interactions among firms and the internal organization of firms. The focus will be for-profit firms, but much of the material applies equally well to public sector and non-profit organizations.
Course prerequisites are a course in intermediate microeconomics such as 100A, and a course in statistical methods such as 113.
The primary text is Managerial Economics & Business Strategy, 7th ed. by Michael R. Baye(McGraw-Hill, 2009), denoted Baye below. Supplementary required readings include Wall Street Journal, New York Times, The Economist or a comparable news source. Additional readings are on reserve in the Science Library and/or posted below.
Grades are based on class participation and homework (25-30%), midterm exam (25%), and final exam (45-50%). Opportunities to earn bonus points (1-3%) include bringing in clippings related to class material, preparing official cheat sheets, and participating in classroom games.
The class meets Tu Th Noon - 1:45pm in Classroom Unit 1.
TAs are
- Wentao Su, whose sections meet Wednesdays 9:30- 10:40am in Kresge 327 and Fridays 11-12:10 in 363 SocSci 2.
- Sameh Habib, whose sections meet Wednesdays, 12:30-1:40pm in 194 Engineering 2 and also 3:30-4:40pm in 175 Stevenson.
Office hours
- Dan: Wednesdays 9 - 11am and by appointment in 417 Engineering 2.
- Sameh: M 11-12am in 403G and W 2-3pm in 403F Engineering 2.
- Wentao: Mon 2-3pm and Tuesday 3-4pm in 403G Engineering 2.
Due dates Final Exam is noon - 3pm Thursday December 13.
Readings // All // akFinPracProbs // FinalCheatSheet // // // auctData12 // akHW4 // ps5 // Lect16 // // // akmt12 // // CoordData // // // // notes10-30 // // ps3 // oligopData // ak-ps2 // Baye08r // ak1 // M+Mch7 // ps2 // // // // // ps1 // syl //
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solutions to final practice problems // Posted on Dec. 12, 2012
Corrected solutions to the practice problems for the final exam.
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Official Cheat sheet // Posted on Dec. 10, 2012
The list of formulas to be distributed with the final exam.
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AK for PS #5 // Posted on Dec. 4, 2012
Answer key for the last homework problem set.
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practice final // Posted on Dec. 4, 2012
This is almost exactly last year's exam. Solutions will be posted Monday Dec 10. Give it a try before that!
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Auction data // Posted on Dec. 3, 2012
data from class auctions Nov 29.
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Soutions to HW #4 // Posted on Nov. 27, 2012
Solutions to all of HW#4 (including part2 Q2).
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Problem Set #5 // Posted on Nov. 26, 2012
Last problem set, due in class Tuesday Dec 4.
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Lecture notes #16 // Posted on Nov. 21, 2012
At popular request, the hand drawn notes projected in class Nov 21. Apologies for their messiness; they were not written with the intention of displaying them on the website.
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Motivation game data // Posted on Nov. 18, 2012
Data are the number of members of each group (A,B,C,D) choosing x=1 each period.
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Problem Set 4 // Posted on Nov. 11, 2012
Due in class Nov 20. Includes analysis of two in-class games.
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Answer key for midterm // Posted on Nov. 8, 2012
Aanswer key for this year's midterm exam.
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Midterm Exam // Posted on Nov. 8, 2012
The exam given in class Thursday Nov 8.
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Coordination Game Data // Posted on Nov. 6, 2012
Data from the coordination game played in class Tuesday Nov 6.
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Solutions to Baye Ch 9-10 // Posted on Nov. 5, 2012
Answers to practice problems assigned in Baye Chapters 9 and 10.
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Problem Set #3 solutions // Posted on Nov. 1, 2012
Problem Set #3 solutions
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Slides for Ch 10 // Posted on Nov. 1, 2012
Handout format for slides mostly covered in the lecture Thursday Nov 1.
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Lecture notes 10/30 // Posted on Oct. 31, 2012
Evelyn Cano's Lecture notes for Tuesday Oct 30. Thanks, Evelyn!
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Oligopoly Scorecard // Posted on Oct. 31, 2012
Evelyn Cano's Oligopoly Scorecard as of Tuesday Oct 30. Thanks, Evelyn!
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Problem Set #3 // Posted on Oct. 24, 2012
Third in a series of problem sets. Due in class October 30.
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Oligopoly game data // Posted on Oct. 21, 2012
Data from the oligopoly games played in class Thursday October 18.
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Answer Key to PS 2 // Posted on Oct. 18, 2012
Answer key to the second homework problem set.
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Slides for Baye Ch 8 // Posted on Oct. 18, 2012
Powerpoint slides in handout format for Dan's lectures on Thursday Oct 18 and the first half of October 23.
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Answer Key to PS 1 // Posted on Oct. 10, 2012
Answers to all problems on the first homework.
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Supplement on internal organization // Posted on Oct. 9, 2012
Supplemental reading: a non-technical essay that overlaps with Chapter 6 material.
Exams will not draw on this material, but some students may find it useful background. For a new edition of Morals and Markets (2008), coauthored by Dan Friedman and Dan McNeill. Comments welcome on this draft before October 20, when it will be revised.
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Problem Set #2 // Posted on Oct. 8, 2012
Second problem set. Due in class Tuesday October 16.
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Ch4-5 slides // Posted on Oct. 4, 2012
Handout format for ppt slides presented in class, reviewing Baye Ch 1-3.
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Scan of textbook pages // Posted on Oct. 2, 2012
Scan of HW 1 problems in Baye. Those of you who don't yet have a copy of the text can read these.
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Data for HW 1 // Posted on Oct. 2, 2012
Spreadsheet contains data on values and costs, and also on transaction prices. Use it to answer the questions in Part 3 of your first homework assignment.
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Ch1-3 slides // Posted on Oct. 2, 2012
Handout format for ppt slides presented in class, reviewing Baye Ch 1-3.
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Problem Set #1 // Posted on Sept. 24, 2012
Due in class October 9. Solutions are now posted.
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Syllabus // Posted on Sept. 10, 2012
Brief course syllabus including tentative schedule.
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