Luke C.D. Stein — Stanford Econ. 202N

Microeconomic Theory for Non-Economics Ph.D. Students

Autumn, 2007 and Autumn, 2008

Theory of the consumer and the implications of constrained maximization; uses of indirect utility and expenditure functions; theory of the producer, profit maximization, and cost minimization; behavior under uncertainty; partial equilibrium analysis and introduction to models of general equilibrium.

Course resources

Lecture slides (all pdfs)

The full course (or animated version for projection) contains

  1. Producer theory, including mathematical appendix

  2. Comparative statics tools

  3. Choice theory

  4. Consumer theory

  5. Choice under uncertainty

  6. General equilibrium

My slides draw on notes by Featherstone, Levin, Milgrom, and Segal, as well as Mas-Colell, Whinston, and Green: Microeconomic Theory

Other references

Selected student feedback

“Luke is one of the best teachers I have ever had. He explains challenging concepts well, is very approachable, and is aware of which areas students need additional help with.”

“In the classroom, he prompts for answers, encourages students to think, to make connections, to practice and reinforce, to learn from other students and to feel free to ask any stupid question. He answers all my questions on the spot, very clearly and is ready to answer questions anywhere, anytime. I have sent tons of email questions to Luke and I get excellent email replies very timely. Luke is very easy-going and approachable, which brings a relaxed and harmonious atmosphere to the classroom. And his office hours are just as outstanding as his lectures because every time he is so well prepared for every minute of his time with students.”

“Luke is one of the best lecturers I have seen. Everything was explained clearly. Class was never too fast or too slow. He had a great understanding of when students were confused. He is a really terrific teacher. I am in awe of his teaching ability.”

“Most enthusiastic, personable and helpful instructor I dare say I’ve ever had.”

“Luke is one of the best if not the best professor that I had in my academic journey. He has simply a natural talent as a teacher. Nothing more nothing less.”

See more comments; you can also browse full evaluations (2007 (pdf) and 2008 (pdf))