Spring 2027

Economic Theory: Microeconomics Sequence

Second course in a two-semester microeconomics sequence covering market theory, efficiency, externalities, price roles, and information economics including moral hazard and adverse selection.

offering recorded3 credits
Recorded instructors · Spring 2027 Marzena Rostek3.9/5Lones Smith

Summary

1 / 5

Past student reviews · John Kennan

Previous students rated the course difficulty as moderate.

Grade history

↗
average GPA
letter grades
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AB
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BC
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All recorded terms · compare terms & instructors

Prerequisites

Course map

ECON 711

ECON 713 used by

“Used by” includes alternatives; linked courses may have other requirements. This is a best-effort interpretation; check the catalog requirements above.

Prerequisite text tree

Professors

Spring 2027
Adjusted rating
RMP difficulty
captured reviews
About this rating

Raw average: 4.56/5 from 9 quality ratings. The adjusted rating blends this with the UW review average (3.66/5), weighted as 20 additional ratings. Smaller samples stay closer to that average. Each captured review is counted once in the prior; this does not correct who chooses to leave a review.

RMP profile ↗ · All captured review dates; profile matched by name.

Recent recorded grades — Spring 2024: 3.54 GPA, 73.5% A/AB (n=49 letter grades); Spring 2025: 3.62 GPA, 79.5% A/AB (n=44 letter grades); Spring 2026: 3.65 GPA, 80.0% A/AB (n=30 letter grades). Includes jointly taught sections.

Recent recorded grades — Spring 2024: 3.54 GPA, 73.5% A/AB (n=49 letter grades); Spring 2025: 3.62 GPA, 79.5% A/AB (n=44 letter grades); Spring 2026: 3.65 GPA, 80.0% A/AB (n=30 letter grades). Includes jointly taught sections.

Historical instructors & teaching patterns

LONES SMITH is recorded teaching in Spring 2012, Spring 2013, Spring 2014, Spring 2015, Spring 2016, Spring 2017, Spring 2018, Spring 2019, Spring 2020, Spring 2022, Spring 2023, Spring 2024, Spring 2025, Spring 2026. Recorded history may be incomplete and does not establish a future schedule.

MARZENA ROSTEK is recorded teaching in Spring 2009, Spring 2010, Spring 2011, Spring 2012, Spring 2013, Spring 2018, Spring 2019, Spring 2020, Spring 2023, Spring 2024, Spring 2025, Spring 2026. Recorded history may be incomplete and does not establish a future schedule.

WILLIAM SANDHOLM is recorded teaching in Spring 2007, Spring 2008, Spring 2009, Spring 2010, Spring 2011, Spring 2014, Spring 2015, Spring 2016, Spring 2017. Recorded history may be incomplete and does not establish a future schedule.

Recorded history may be incomplete and does not establish a future schedule.

Calendar & sections

Spring 2027

Schedule loads here as you scroll.

SectionModeEnrolled / capacityWaitlist
LEC 001Classroom Instruction0 / 300
DIS 302Classroom Instruction0 / 150
DIS 301Classroom Instruction0 / 150

Times are Central. Select a meeting for details; export includes recorded dates for the selected sections. Enrollment reflects scan time.

Meeting source records
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Student experience

the class

Past student reviews · John Kennan

Past students found John Kennan's lectures thought-provoking and noted that he was approachable and helpful despite initial perceptions of his manner.

Recent recorded grades — Spring 2024: 3.54 GPA, 73.5% A/AB (n=49 letter grades); Spring 2025: 3.62 GPA, 79.5% A/AB (n=44 letter grades); Spring 2026: 3.65 GPA, 80.0% A/AB (n=30 letter grades).

difficulty & workload

Past student reviews · John Kennan

Previous students rated the course difficulty as moderate.

Past student reviews · William (bill) Sandholm

A past student described William Sandholm as a nice instructor.

Topics

  • Market theory, efficiency properties, externalities, and role of prices
  • Economics of information, moral hazard, and adverse selection

Skills

  • Analysis of market efficiency properties, externalities, and the role of prices
  • Introduction to economics of information concepts including moral hazard and adverse selection

Grades

Latest available · Spring 2026— not enough history to project Spring 2027.

average GPA
A / AB grades
letter grades
Instructor

Grade distribution · % of letter grades

A
AB
B
BC
C
D
F

Grades over time

Through Spring 2026

More grade details Grade mix, volume & source data

Where this course fits relative to

Latest available grades · Spring 2026 · all course levels

GPA

Higher than % of other courses in this group.

Course GPAs · red marks this course’s range

letter grades

More recorded grades than % of other courses in this group.

Typical course in this group: letter grades.

About this comparison

1280 courses over the same term, each with at least 30 recorded letter grades. Cross-listed courses count once. GPA is not a measure of difficulty or teaching quality. The typical course is the median by recorded grade count; tied values are not counted as lower. Grade counts describe course scale, not unique students or typical section size.

Descriptions compare GPA with this group’s average: at least 0.20 higher or lower; otherwise close to average. Section size uses median recorded enrollment: small up to 30, mid-sized 31–99, large 100+. Lectures and discussion/lab sections are described separately.

Sources & history

UW–Madison

Catalog & offerings

Descriptions, prerequisites, and recorded course offerings.

Catalog observation history

Observations at scan time; dates do not imply when a catalog change took effect.

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Selected offering source records
ECON 713 · Spring 2027

Economic Theory: Microeconomics Sequence

Recorded 2026-10-14
Raw records 
[
  {
    "run_id": "20261014T203208-0851c9a1",
    "semester": "1274",
    "observed_at": "2026-10-14 17:50:09.728220+00:00",
    "offering_id": "1274:296:005731",
    "course_id": "ECON 713",
    "course_uid": "course_f8287db34795266858335482",
    "term_id": "1274",
    "source_course_id": "005731",
    "source_subject_id": "296",
    "title": "Economic Theory: Microeconomics Sequence",
    "credits_min": 3,
    "credits_max": 3,
    "typically_offered": "Spring"
  }
]
Rate My Professors

Student reviews

Original comments behind the course and instructor summaries.

Read original reviews
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Madgrades

Grade history

Recorded grade distributions by term, section, and instructor.

Explore recorded grades
Dataset & model

Recorded 2026-10-14

View the dataset on Hugging Face
Model outputs & technical records
Qwen/Qwen3.8-27B
LLM outputs across runs
Download part 1
Full model traces

Recorded model configuration, reasoning, and tool conversations.

Download part 1
Model & dataset provenance 
{
  "model": "Qwen/Qwen3.8-27B",
  "model_revision": "1d4bf0f2ff6012fd82039f2fa52739d0dd7c60c0",
  "task_version": "17",
  "output_id": "4906538824da74d434aeb497dc41a9c02200be4457a6ec56e47396d3e235a87d",
  "requirements_status": "valid",
  "dataset_revision": "fc1811fa52e581ea57a35c0cf3343f8740a8ffbf",
  "observed_at": "2026-10-14 17:50:09.728220+00:00"
}