Luke Stein — Stanford Econ. 50
Summer 2009
Individual consumer and firm behavior under perfect competition. The role of markets and prices in a decentralized economy. Monopoly in partial equilibrium. Economic tools developed from multivariable calculus using partial differentiation and techniques for constrained and unconstrained optimization.
Teaching Assistant: Xiaoling Charlene Zhou
Course resources
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Required text: D. Besanko and R. Braeutigam, Microeconomics, John Wiley & Sons
Course website [Stanford access only]
Lecture notes 
My notes draw on those of previous instructors Manuj Garg and Mark Tendall
“Economic naturalist” writing assignments
Students are asked to ‘‘use a principle, or principles, discussed in the course to explain some pattern of events or behavior that you personally have observed.’’ The assignment is drawn from R. H. Frank: The Economic Naturalist.
Selected student feedback
“Very good course. And I think it would be very reasonable to give 95% of the credit for this to Luke Stein. For me he made the course interesting, fun and useful. I have had many different teachers throughout my time as a student — Luke Stein is the best teacher I have ever had so far!”
“Luke Stein is truly a great teacher and provides his students with a very interactive and in depth learning environment.”
“Great job! One of the best instructors I've ever had”
“This was a wonderful class. I made many mistakes, but I never doubted my understanding of the material. Luke bent over backwards to see that we got things.”
“Great Teacher = Great course”
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