Prerequisites: Economics 11, calculus

Text: There is no additional text for this lab. We will discuss sections of the Pindyck and Rubinfeld text that are not covered in the theory class and additional reading will be provided.

Grading: 50% will be based on presentation of "micro-investigation topic" , 50% additional problem set assignments.  I reserve the right to raise or lower final grades one half of a letter grade, based on attendance and class participation.

Problem sets: Each problem set must be handed in at the beginning of class on the day that it is due. NO late problem sets will be accepted. You are encouraged to work with your classmates on these problems, however each individual must write-up their own answers. If there is any suspicion of foul play, all those involved will get a zero for the set, no discussion. A second offense will result in failure of the course.

Micro-topics: Each student must investigate the economic significance of one of the topics listed below. Generally, you must explain the concept in detail, give us some history of how the idea was developed (what economist, or economic theory) and provide us with a modern day example of how the concept is applied. Each student must provide the class a set of readings (from at least two different sources) one week in advance of their presentation, so we can be prepared for the discussion session. (regression, risk/uncertainty, (government) price regulation, anti-trust legislation, game theory, (net) present value, moral hazard, asymmetric information, general equilibrium analysis)

Lab class will begin Sept. 12. In terms of weekly topics, for the most part, we will follow the syllabus of the micro-theory class.