Aggregation and Welfare Content: Consumer's' surplus Aggregation Representation consumer

1. Integrability Demand function x(p, w)(c 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 x(p w ) That the integrability problem

Preference and Choice Content: Preference and rationality The rule of choice Budget Demand function WAand demanded law lecture5 for Chu Kechen Honors College

Cost Minimization Content: Definitions Properties of cost function WACM Some forms of cost functions lecture3 for Chu Kechen Honors College

profit maximization Contain: Some definition -Isoprofit curve -Demand function and it's properties supply function and it's properties -Profit function and it's properties lecture 2 for Chu Kechen Honors College

Summary textbook: Varian, Hal R., 1992, Microeconomics Analysis, 3rd ed. Mas-Colell, A., M. Whinston, and J. Green, 1995, Microeconomics Theory. assignments: twice a week; Team work; Deliver on the class

Content Lotteries and expected utility Risk aversion Metric Subjective probability theory

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

Content Pure exchange system The existence of Walrasian equilibrium The first theorem of welfare economics The second theorem of welfare economics Exchange with production