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by: Ms. Ari Lesch


Marketplace > Iowa State University > Economcs > ECON 601 > MICROECON ANALYS I
Ms. Ari Lesch
GPA 3.53


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Class Notes
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This 2 page Class Notes was uploaded by Ms. Ari Lesch on Saturday September 26, 2015. The Class Notes belongs to ECON 601 at Iowa State University taught by Staff in Fall. Since its upload, it has received 9 views. For similar materials see /class/214456/econ-601-iowa-state-university in Economcs at Iowa State University.




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Date Created: 09/26/15
Revised 9292003 VI Outline of Topics for Econ 601 and 603 Microeconomic Theory Core Review of Optimization Theory Theory ofthe Firm Technology Cost Minimization and Cost Function Envelope Theorem and Comparative Statics Pro t Maximization and Profit Function Long Run vs Short Run Duality Joint Production as time permits Theory of the Consumer Preferences Utility Function and Utility Maximization Duality Indirect Utility and Expenditure Functions Slutsky Equation Separability and Homotheticity Consumer Surplus and CompensatingEquivalent Variations Revealed Preferences Risk Uncertainty Analysis 0 Axiomatic Basis Expected Utility Theorem 0 Modeling Behavior under Risk 0 Insurance Portfolio and other risk problems as time permits Partial Equilibrium in a Competitive Industry 0 Aggregation and Market Demands 0 Market Supply Short Run and Long Run 0 Equilibrium Short Run and Long Run 0 Welfare Analysis of Equilibrium Monopoly and Imperfect Competition 0 Pure Monopoly Solution Monopoly vs Competition Price Output Welfare Price Discrimination Policy Price Controls Subsidies Oligopoly Cournot Bertrand and Stackelberg done with game theory below VII VIII XI XII XIII XIV Introduction to Game Theory Normal Form Games Iterated Elimination of Strictly Dominated Strategies Rationalizable Strategies Trembling Hand Perfect Equilibrium Dynamic games Repeated Games Principal Agent Problem Moral Hazard Adverse Selection Problems Signalling Games as time permits General Equilibrium Exchange Economy 0 Existence and Ef ciency Properties ofWalrasian Equilibrium o Nonconvexities and Existence General Equilibrium Production Economy 0 Individual and Aggregate Production Ef ciency Existence Equilibrium Role Convexity First and Second Welfare Theorems Two sector model Welfare Issues and Market Failures o Externalities Source Failure and Optimal Policy 0 Public Goods and Optimal Provision 0 Theory Second Best and Policy Extensions Interpretations General Equilibrium Model 0 Uncertainty and ArrowDebreu Markets 0 Intertemporal model


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