Economics 100A

Intermediate Economic Theory

Welcome to the Economics 100A Website. Here you will find the course syllabus, a schedule of lessons, homework and examinations, and some bits of advice. If you are taking Econ 100A, please check this site regularly. We will routinely use this site for posting announcements and answering questions.
 



 

Instructor:          Ted Bergstrom 

Office:  North Hall 2052 

Office Hours: W 9-10am  and 2-3 pm, and by appointment

Email: tedb@econ.ucsb.edu

Course Introduction

Click Here to Learn the Ground Rules for Econ 100A
Diagnostic Math Quiz (Adobe Acrobat pdf file)
Answers to Diagnostic Math Quiz
 

Course Schedule

Click Here to See the Course Schedule
 

Announcements:

Friday Quiz:  If you are in Marick Sinay's section that meets on Wednesday at 5 pm,
you should go to Phelps 3515 to take the Friday quiz.  Friday's quiz will still contain some
questions that are revisions of quizzes in the back of Workouts, but it will also have more
questions that you haven't seen before.  The best way to study--Read the text and do lots of problems.

Special Office Hours on Th Oct 11

Chau Do will hold office hours from 8:30-11:30 on Thursday and will not have office hours on
Friday. Professor Bergstrom will have an extra office hour from 2-3 pm on Thursday.
 

Scholarship Possibility from Society of Women Accountants (Both sexes can  apply) Click here for information.

Quiz scores for quiz 1 are now available.   Scroll down the page to find your score under "YOUR SCORE ON QUIZZES".

Time pressure and Phelps overflow:
A group of students from this class were brought over to Phelps Hall to take their exam.  They started their exam about 5 minutes later than the students in Buchanan and some complained that they had too little time.  I compared the distribution of scores for people in Phelps to people in Buchanan.  The mean score of people in Phelps was 2 points lower than that of people in Buchanan.   To compensate for the time difference, I added 2 points to the score of each person who took the exam in Phelps.   For people who took the exam in Phelps, I will
also make the following accommodation.  If  your score on Quiz 1 is your fifth worst score,
I will drop this quiz and count your fourth worst score twice.

Special office hours on the week of  Oct 1-5

For this week, Chau Do will switch her Thursday office hour  to Tuesday (Oct 2) 12-1pm
Oddgeir Ottesen will hold his regular office hour on Tuesday from 9:30-11 am.
Marick Sinay will switch his Weds am office hour to Tuesday from 10:45-12:15 this week.
Professor Bergstrom will hold extra office hours on Tuesday from 3-4:30 pm.
 
 

Scantron Sheets
Buy yourself a bunch of  Parscore scantron sheets.  These should be the large reddish ones like we used for the math quiz. They are called Form F-1712 and are available at the bookstore and at the Arbor.   Do not get your scantron sheet crumpled and torn. Damaged sheets don't go through the machine properly and may cost you points on your quizzes.

Book Buyer Beware
The last time I taught this course, a student messaged me about his unfortunate experience in ordering from varsity books, an online bookseller that has been advertising aggressively.  They sent him the old edition.  When he called them to tell them they sent him the wrong book, they refused to pay shipping and delivery for him to return the wrong book. There is a lot to be said for dealing with your reliable and well-informed  local bookstores.


Answers to Quizzes and Final

Answers to Quiz 1
 


Your Score on Quizzes

To look  up your quiz score,  click here.  Type in your perm number in the space where it is requested and select the information that you want by clicking in the "Test" box. 

 Distribution of Scores on Quizzes

Quiz 1 Scores and Grade Ranges


Office Hours of  TAs and Instructor

Ted Bergstrom                North Hall  2052       W 9-10 am and 2-3 pm and by appointment
Also, after almost every class I will be available in or just outside the classroom for a few minutes.
Chau  Do           (Instructor for Friday sections)          North Hall  2017           Fri 10-1, Th 8:30-9:30
Oddgeir Ottesen (Instructor for TuTh sections)           North Hall 2051       Mon 9:30-11am, Tues 9:30-11am
Marick Sinay      (Instructor for Weds sections)          North Hall 2021      Weds 9-10:30 and 3:30-5 pm.

You can address an e-mail message to any of the above by clicking his or her name.


Lecture Slides

Some people have expressed the wish that they could see copies of the lecture notes because they weren't able to write everything down.  It is not important to write everything down.  What you should do is to pay attention to the class discussion and try to understand as much as you can during the discussion. I believe you will be better off reading the textbook carefully and working problems than trying to memorize the lecture notes.   But for those of you who really, really want lecture notes, here are some notes. These notes are similar to but by no means identical to the classroom lectures.

Chapter 2, Budgets
Chapter 3, Preferences
Chapter 4, Utility
Chapter 5, Choice
Chapter  6, Demand
Chapter 7,  Revealed Preference
Chapter 8, Slutzky
Chapter 9, Buying and Selling
Chapter 29, Exchange
Chapter 10, Intertemporal Choice
Chapter 11, Asset Markets
Chapter 12, Uncertainty


Last Year's Final Exam

Some people have asked what the final exam will be like.  Of course I can't tell you what questions will be on this year's exam, but I can show you the exam that I used the last time I taught this course.  After you have studied from the textbook and Workouts, you may want to take this exam as practice.  Let me remind you that there is no substitute for reading the textbook carefully and working lots of Workouts problems. Click here to see last year's exam as a pdf file. In order to read this file you need to install an Adobe pdf reader on your computer.

Here are explanations of the answers to a couple of the toughest questions on last year's exam.


Study Aids and Features

The Iowa Electronic Market.  An actual contingent-commodity market in which the contingencies are outcomes in political elections or events in the business world.  If you want to speculate with some real money, the website explains how you can buy and sell contingent commodities in this market.
The UBC Election Stock  Market  A contingent-commodity market on political outcomes in the Great White North. (home of  the  McKenzie brothers, Wayne Gretzky,  and Professor Garratt)
Paul Krugman's Home Page Most  economic journalists don't know much economics and most economists can't write worth a damn.  Paul Krugman is a very competent professional economist who also writes about economics for the popular press.  His home page has links to many of his popular articles. Take a look.  I think you will find at least  some of them  both entertaining and instructive.

News Items

Varian's Book inspires UCSB grad's  Science Fiction
Popularity of Economics
Salaries of Econ Majors
 
 

Need a Little Study Break?

Visit Calvin and Hobbes