14.03 Micro Theory & Public Policy
Fall 2005
Professor: David H Autor
TAs: Jim Berry, Dominique Olie Lauga, Peter Andrew Schnabl
Lecture:
MW10.30-12
(56-154)
Recitation: F 9-10, 10-11
(56-154)
Professor's Office Hours: W 2-4
(E52-371)
TA Office Hours: Th 1-3
(E52-232)
Information:
There will be a recitation in the first week (i.e., on September 9), which will cover math tools necessary for the course. There are no office hours during the first week.
Grading is based on 3 exams and the best 5 of 6 problem sets. Problem sets are alwas due at 5 PM; they should be placed in the 14.03 box in E52-380, by Lauren Fahey.
There is no required textbook for the class, but there are several assigned articles; all of them are online on this site. There are also several recommended (not required) chapters from a textbook by Michael Wetzstein. The textbook is on reserve at Dewey library.
Announcements
Topics for Exam 3
The topics that may appear on Exam 3 areDecision-making under uncertainty
Risk and safety regulation (liability regimes, the value of a statistical life)
Adverse selection
Signaling
Externalities (Coase Theorem, means of abating them)
Causal inference (not central, but it shows up in everything we do)
Announced on 17 December 2005 11:16 p.m. by Peter Schnabl
Past exams for 14.03
Past versions of Exam 3 are now on the course webpage ("Past Exams" under "Materials").Announced on 15 December 2005 9:46 p.m. by Peter Schnabl
PS6 grade distribution
The average grade on PS6 was 77.8. The 25th percentile was 66, the median was 82, and the 75th percentile was 92.3.Announced on 14 December 2005 1:00 p.m. by Peter Schnabl
Exam review session
The exam review session for 14.03 will take place in room 56-154 from 5 pm to 7 pm on Friday the 16th.Announced on 12 December 2005 7:08 p.m. by Peter Schnabl
Problem Set 6
Someone noticed that the article attached to the end of PS6 disappeared during the last revision. The article has been reattached in the latest version on the website (no need to get it again if you have looked at the article already).Also, a clarification on the first problem: For every part of this problem, you only need to find the separating equilibria (as is done in the notes). Don't worry about finding any pooling equilibria.
Announced on 05 December 2005 3:57 p.m. by Peter Schnabl
