EC201

MICHAELMAS

1. Consumer Theory and its Applications

1.1. Preferences & Utility (Perloff Chp 3 + Varian Chp 3&4)
1.2. Utility maximization and uncompensated demand (Perloff Chp 2.5(elasticity), 4 + Varian Chp 5,6
1.3. Expenditure minimization and compensated demand (Perloff Chp 4,5 + Varian Chp 8)
1.4. Price changes and welfare (Perloff Chp 4.4,5 + Varian Chp 14)
1.5. Labour supply, taxes and benefits (Perloff Chp 5, Varian Chp 9)
1.6. Saving and Borrowing (Perloff Chp 15.2, Varian Chp 10)

2. Firms, costs and profit maximization

2.1. Firm & Costs (Perloff Chp 6,7 + Varian Chp 18,19,20,21)
2.2. Profit maximization and costs for a price taking firm (Perloff Chp 8 + Varian Chp 21,22)

3. Industrial Organization

3.1. Perfect competition & monopoly (Perloff Chp 2,8,9,11,12 + Varian 23,24,25)
3.2. Oligopoly and games (Perloff Chp 13,14 + Varian Chp 27,28,29)

LENT

1. (Weeks 1&2) General Equilibrium: Perloff 10.1 -10.4 (M&L 14.1-14.2)
2. (Weeks 3&4) Welfare Theory: Perloff 10.5
3. (Weeks 5&6) Externalities and Public Goods: Perloff 17.1-17.7 (M&L 7&8)
4. (Weeks 7&8) Choices under Uncertainty: Perloff Chp 16, M&L 11.3,13.4 + Morgan Katz Chp 6
5. (Weeks 9&10) Asymmetric Information: Perloff Chp 18&19, M&L Chp 18.1, 19.1-19.2





























EC210

MICHAELMAS

1. Introduction and Measurement
Williamson (Chapters 1-2)

2. Review of a One-period Macroeconomic Model
Williamson (Chapters 4-5)

3. Consumption and Saving
Williamson (Chapters 9-10)

4. Investment
Williamson (Chapter 11)

5. Unemployment
Required readings:
Facts and 2008/09 recession, Williamson Chapter 6 (the DMP model in this chapter is NOT required)
Efficiency wage, law of motion for unemployment and simple search model, Williamson 4th edition Chp 17
Equilibrium search model, Pissarides Chapter 1 p.1-23.

6. Economic Growth
Required readings:
A Malthusian model, Williamson (Chapter 7)
The Solow model, Williamson (Chapter 7), Weil (the appendix of Chapter 8)
Beyond the Solow model, Williamson (Chapters 7-8), Weil (Chapter 7)
Endogenous growth models, Williamson (Chapter 8), Weil (Chapters 8-9)































LENT

1. Measuring macroeconomic fluctuations

Williamson (chapter 3, pp. 86111)
Mankiw & Taylor (chapter 2)

2. A dynamic macroeconomic model

Williamson (chapter 11, pp. 393450)

3. Money

Williamson (chapter 17, pp. 626633; chapter 12, pp. 456480; chapter 17, pp. 634
644); Blanchard (chapter 14, pp. 9295 [292295])
Mankiw & Taylor (chapters 4 & 19)

4. Business cycle theory

Real business cycles
Keynesian sticky-price model
Imperfect information/misperceptions model
Segmented markets/limited participation model
Coordination failure model
New Monetarist model

Williamson (chapter 13, pp. 501511; chapter 14, pp. 537553, 557560; chapter 12,
pp. 480484; chapter 18, pp. 664669; chapter 12, 488489; chapter 13, pp. 511534)
Mankiw & Taylor (chapters 911, 13 & 20)

5.Financial markets and banking

Blanchard (chapter 14, pp. 104108 [304308]; chapter 15, pp. 114129 [314329]);
Williamson (chapter 17, pp. 644661)

6. International macroeconomics

Required reading: Williamson (chapter 15, pp. 564582; chapter 16, pp. 585622)
Mankiw & Taylor (chapters 5 & 12)

7. Monetary and fiscal policy

Targets and instruments of monetary policy
The liquidity trap and quantitative easing
Fiscal policy: crowding out versus multiplier effects
Rules versus discretion in monetary policy: Inflation bias

Williamson (chapter 12, pp. 484488, 489498; chapter 14, pp. 533557); Blanchard
(chapter 14, pp. 95103 [295303]); Williamson (chapter 11, pp. 420431; chapter 13, pp. 491493);
Blanchard (chapter 22, pp. 174194 [470490]); Williamson (chapter 18, pp. 669678)
Mankiw & Taylor (chapters 4 & 14)
















PH101

SECTION A: Truth-Functional Logic
A1. INTRODUCTION: Logic is about reasoning or arguing
A2. Validity and Soundness
A3. TRUTH-FUNCTIONAL LOGIC: An Introduction
(a) LOGICAL FORM AND TRUTH FUNCTIONAL VALIDITY
(b) TRUTH-FUNCTIONALLY COMPOUND SENTENCES
(c) TAUTOLOGIES, CONTRADICTIONS AND CONTINGENT SENTENCES
(d) TRUTH FUNCTIONAL VALIDITY
(e) DECISION PROCEDURES FOR TRUTH FUNCTIONAL VALIDITY
(f) CONSISTENCY AND INDEPENDENCE
(g) DEMONSTRATING CONSISTENCY AND INCONSISTENCY semantic trees
(h) The Connection between in/consistency and in/validity
(i) Independence
(j) Demonstrating Independence
(k) Truth-functional Equivalence and Interdefinability
Ki
SECTION B: First Order Predicate Logic