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15.024 | Summer 2004 | Graduate

# Applied Economics for Managers

Recitation notes are available along with the in-class exercises that students attempted and discussed. Note that recitation 6 did not have notes; instead, the class worked on the two exercises.

REC # | TOPICS | EXERCISES | EXERCISE SOLUTIONS
--- | --- | --- | ---

1 | Supply, Demand, and Equilibrium (PDF) Applications of Supply/Demand: Shocks, Minimum Wage, Rent Control, Policy Evaluation |  |

2 | Behind the Demand and Supply Curves (PDF) Monopoly |  |

3 | Monopolistic Competition (PDF) Game Theory and Strategic Interaction |  |

4 | Externalities: Theory and Pollution Exercise (PDF) |  |

5 | Uncertainty and Asset Prices (PDF) Informational Efficiency: Rational Expectations, Random Walks Asymmetric Information: Lemons, Moral Hazard | Adverse Selection Exercise (PDF) Moral Hazard Exercise (PDF) | Adverse Selection Solutions (PDF) Moral Hazard Solutions (PDF)

6 | Double Marginalization Specific Investment | Double Marginalization Exercise (PDF) Specific Investment Exercise (PDF) | Double Marginalization Solutions (PDF) Specific Investment Solutions (PDF)

7 | Course Summary (PDF) Review for Final Exam (see practice test on the exams page) |  |

## Course Info

##### Instructor

- Prof. Daniel Richards

##### Departments

- Sloan School of Management

##### As Taught In

Summer 2004

##### Level

Graduate

##### Topics

- Business
  - Management
- Social Science
  - Economics
    - Industrial Organization
    - Microeconomics

##### Learning Resource Types

assignment Problem Sets
grading Exams
notes Lecture Notes

Browse Resources

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