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University of Minnesota

Principles of Microeconomics 1101 Lecture 44

Spring Semester – 2008

Lecture: 5:30 pm – 8:00 pm, Thursday, BlegH 335


Office hours: Monday and Wednesday 3:00-4:00 or by appointment.


1.      Final Exam: Thursday, May 15, 5:30-7:30 pm in class. Click here for more information about the final exam.

2.      This Thursday guest lecturer Christos Ioannou will give his lecture on “De Beers Monopoly”. Lecture slides are posted below.

3.      Lecture slides: “Income and Consumption Inequality”. If you want to learn more about inequality, see the supplementary readings below.





Homework assignments:

hw 1

hw 2

hw 3

hw 4

hw 5


Guest lectures:

Juan’s lecture: Telephone monopoly in Mexico

Jacek’s lecture: Game Theory and Cold War

Murat’s lecture: Comparative Advantage of Turkey in International Trade

Jarek’s lecture: Market Mechanism to Curb Pollution. (If you are interested in this topic and seek additional material to learn more about it, there is more stuff on Jarek’s website.)

Christos’ lecture: De Beers Monopoly


Economics in the news:

An article from NY times on inequality

An article by Dirk Krueger and Fabrizio Perri on consumption equality

Tax incidence: lessons from Canada.

Price controls: lessons from Zimbabwe.

Price controls and subsidies:  lessons from Venezuela.