Microeconomics I
Microeconomics I
Giovanni Di Bartolomeo (gdibartolomeo@unite.it)
Outline
Outline
Consumer Theory: preference relations, utility functions, representation of preferences via utility functions, budget set and consumer problem, demand functions.
Production Theory: production sets, profit maximization, and cost minimization.
Choice under Uncertainty: expected utility theory, money lotteries, and risk aversion, first-order stochastic dominance between payoff distributions.
General Equilibrium Theory: competitive equilibrium in pure exchange economies, the existence of equilibria, Pareto optimality, and welfare theorems.
Book
Book
Mas-Colell, A., Whinston, M.D., Green, J.R., 1995. Microeconomic Theory, Oxford University