Unit 4
Class 12: Exchange
104A · Intermediate Microeconomics
Course Overview
Grading
Syllabus
Unit 1
Class 1: Math Review
Lab 1: The Market
Class 2: Budget Constraint
Unit 2
Class 3: Preferences
Lab 2: Derivatives
Class 4: Utility
Class 5: Marginal Utility and MRS
Lab 3: Practice with MRS
Class 6: Choice
Unit 3
Class 7: Demand
Lab 4: Practice with Choice
Class 8: Slutsky Equation
Class 9: Consumer’s Surplus
Lab 5: Slutsky Equation Practice
Class 10: Market Demand
Unit 4
Class 11: Equilibrium
Lab 6: Practice with Equilibrium
Class 12: Exchange
Class 13: Welfare
Lab 7: Practice with Welfare
Class 14: Technology
Lab 8: Practice with Technology
Class 15: Profit Maximization
Unit 5
Class 16: Cost Minimization
Class 17: Cost Curves
Class 18: Firm Supply
Lab 9: Practice with Cost Curves
Class 19: Industry Supply
Unit 4
Class 12: Exchange
Class 12: Exchange
Textbook reading:
Varian, Chapter 31: “Exchange.”
📚 These class notes will be published here after class on 11/4.
Lab 6: Practice with Equilibrium
Class 13: Welfare