# Microeconomics: Syllabus

## Consumer Theory

### Week 1

MAG1: Preferences; indifference curves; utility functions

RED1: Exercises 1 to 4 in the list of exercises on Consumer Theory

### Week 2

MAG2: The marginal rate
of substitution

RED2: Exercises 5 to 8 in the list of exercises on Consumer Theory

### Week 3

MAG3: The consumer problem: budget set; interior and
corner solutions

RED3: Exercises 9 to 14 in the list of exercises
on Consumer Theory

### Week 4

MAG4: Demand functions: the income and
substitution effects

RED4: Exercises 15 to 19 in the list of
exercises on Consumer Theory

### Week 5

MAG5: Applications: the choice of
consumption and leisure, labor supply

RED5: Exercises 20, 22, 23, and 25 in the list of exercises on Consumer
Theory

### Week 6

MAG6: Applications: consumer surplus,
compensated variation, equivalent variation, price indices

RED6: Exercises 27, 29, 31, and 32 in the list of exercises on
Consumer Theory

### Week 7

MAG7: Decision under
Uncertainty: preferences over lotteries, expected utility, risk
attitudes

RED7: Exercises 34 to 40 in the exercise set on
Consumer Theory

### Week 8

MAG8: Decision under
Uncertainty: certainty equivalent, risk premium, the value of
information

RED8: Exercises 41 to 45 in the exercise set on Consumer Theory

## Theory of the Firm

### Week 9

MAG9: Technology: production function,
marginal rate of technical substitution, returns to scale

RED9: Exercises 1-3 of section A in the exercise set on the Theory of
the Firm

### Week 10

MAG10: Cost minimization: factors
demand

RED10: Exercises 1 to 3 of section B in the exercise set on the Theory of
the Firm

### Week 11

Spring Break

### Week 12

MAG11:

Cost curves:
total cost, average cost, marginal cost, economies of scale
RED11: Exercises 1 to 4 of section C in the exercise
set on the Theory of the Firm

### Week 13

MAG13: The competitive firm: supply
function, competitive equilibrium

RED13: Exercises 2, 7, 9, 11 and 12 of section D in the exercise set on
the Theory of the Firm

### Week 14

MAG13: The monopolistic firm:
monopoly equilibrium

RED13: Exercises 3, 4, 6, 8, 9 and 10 of section E in the exercise set
on the Theory of the Firm

### Week 15

MAG14: The monopolistic firm: price
discrimination, regulation

RED14: Exercises 13, 15, 17 and 19 of section E in the exercise set on
the Theory of the Firm.