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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.

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