Principles of Microeconomics

Prof. Jean Paul Rabanal (jp.rabanal at colby dot edu)

Description In this class you will learn how societies have organized themselves in order to produce goods and services for the survival and well-being of their members. The microeconomy is the economy of one small house or an economy on a small scale. Here you will learn the framework economists use to study how individuals and firms make decisions. Specifically, you will learn how consumers decide how much of each good to consume and of how firms decide how much to produce; of how the government might influence these decisions, sometimes in a beneficial and other times in a harmful way; why the market for corn or wheat is different from the market for cell phones or the market for water or electricity.

Here is the rules of the game (syllabus). Below, the materials that we are going to work throughout the semester.

Presentations: here’s the folder with all students presentations. This is part of the final essay.

The essay is due Dec 7th before class.  The final is scheduled on Saturday (Dec 16th) at 6.00pm.

Material before exam 1