Microeconomics review course 2017-2018

Diary of lectures

Lecture 1: Introduction, budget set, preferences, utilities.

Lecture 2: Marginal rate of substitution, Optimal choice.

Lecture 3: Normal goods, inferior goods, Giffen goods, Demand curve. Production set, production function.

Lecture 4: Profit maximisation problem.

Lecture 5: Cost minimisation problem. Perfect competition.

Lecture notes (last update: 14 September 2017)

Office hours

Wednesday, 9.00-11.00, or by appointment.

References

Varian, H.R. (2014), Intermediate Microeconomics. A modern approach, 8th, W.W. Norton & Company.