Course outline Consumer theory(1-15) Producer theory(18-27) Market equilibrium and properties (16,24-25,27,28-36)
Course Outline Consumer theory (1-15) Producer theory (18-27) Market equilibrium and properties (16, 24-25, 27, 28-36)
The Market Bud Preferences E Utility CIe Uncertainty Choice i INtertemporal Choice sa Demand Revealed Preference p: 9.[Asset Marketsa )d E Risky Assets , onsumers Surplus Market Demand Slutsky Equation Buying and Selling Equilibrium Exchange Auctions [nformation Technology [Profit Maximization Technology Production Welfare Cost Minimization Cost Curves C Firm Supply Industry Supplya Monopoly Behavior Monopoly Oligopoly Factor Markets E Game Theory Game Applications Asymmetric Information一
2. Budget Constraint Describe budget constraint -Algebra Graph Describe changes in budget constraint Government programs and budget constraints Non-linear budget lines
2. Budget Constraint Describe budget constraint –Algebra –Graph Describe changes in budget constraint Government programs and budget constraints Non-linear budget lines
3. Preferences Describe preferences difference curves(无差异曲线) Well-behaved preferences Marginal rate of substitution(边际替 代率)
3. Preferences Describe preferences Indifference curves (无差异曲线) Well-behaved preferences Marginal rate of substitution (边际替 代率)