|
Week
|
Topics
|
Study Metarials
|
|
1
|
Introduction to Advanced Microeconomics: Preferences and Choices
|
R1, Chap. 1
AR1, Chap. 1
AR2, Chap. 1
|
|
2
|
Technology: Specification of technology, Production functions, Homogeneous and homothetic technologies
|
R1, Chap. 1
|
|
3
|
Profit maximization and profit function: Properties of demand and supply functions, Comparative statistics using the first-order conditions and comparative statistics using algebra, Properties of profit function
|
R1, Chap. 2-3
|
|
4
|
Cost minimization and cost function: calculus analysis of cost minimization and second-order conditions, conditional factor demand functions, algebraic approach to cost minimization, the geometry of average and marginal costs
|
R1, Chap. 4-5
|
|
5
|
Cost functions: Factor prices and cost functions, Comparative statistics using cost functions, Duality: the geometry and the uses of duality
|
R1, Chap. 5-6
|
|
6
|
Utility maximization: consumer preferences, consumer behaviour, indirect utility, money-metric utility function
|
R1, Chap. 7
|
|
7
|
Choice: Slutsky equation, Properties of demand functions, revealed preferences, sufficient conditions for maximization
|
R1, Chap. 8
|
|
8
|
Demand: endowments in the budget constraint, Homothetic utility functions, Inverse demand functions, continuity of demand functions
|
R1, Chap. 9
|
|
9
|
Consumers` surplus: Quasilinear utility, aggregation, nonparametric bounds, Introduction to Uncertainty: Expected utility
|
R1, Chap. 10-11
|
|
10
|
Uncertainty: Risk aversion, Relative risk aversion, Subjective probability theory, The Allais paradox and the Ellsberg paradox
|
R1, Chap. 11
|
|
11
|
Competitive Markets: the profit maximization problem, the industry supply function, market equilibirum, Welfare economics, welfare analysis, Pareto efficiency, efficiency and welfare
|
R1, Chap. 13
|
|
12
|
Monopoly: Special cases, Welfare and output, price discrimination and exercises
|
R1, Chap. 14
|
|
13
|
Game Theory: Description of a game and economic modeling of strategic choices, Repeated games, Nash equilibirum, Discussion of Bayes-Nash equilibirum
|
R1, Chap. 15
|
|
14
|
Oligopoly: Cournot equilibrium, several firms, Bertrand equilibrium, price leadership
|
R1, Chap. 16
|