Cost Minimization Content Definitions Properties of cost function WACM Some forms of cost functions

profit maximization Content: Some definition Isoprofit curve Demand function and it's properties supply function and it's properties Profit function and it's properties

1.Integrability Demand function x(p,w)(.d.) is HDO, satisfied Walras Law and have a substitution matrix S(p,w) is s.n.s.d. for any (p,w), if it's deduced by rational preference. And if we observed an x(p,w) satisfied such conditions, can we find a preference to rationalization(p,w)? That the integrability problem

Preference and Choice Content: Preference and rationality The rule of choice Budget Demand function WAand demanded law

Summary textbook Varian, Hal R, 1992, Microeconomics Analysis, 3rd ed Mas-Colella m Whinston and j, green 1995, microeconomics Theory assignments

CONTENT Wa and demand law From preferences to utility Utility maximization EXpenditure minimization

Content Competitive equilibrium Local analysis Omplete compete market Monopoly

Contents Inter-temporal preferences Two periods Several periods · Asset market CAPM -APT Complete market Pure arbitrage

Content Public goods Subscription Efficient provision of public goods Public choice EXternality What's externality? How to solute it? What's the efficient condition with externality

Content The“core” Uniqueness of equilibrium Stability of equilibrium Welfare