21201438 MICROECONOMICS - ADVANCED COURSE in Economics LM-56 N0 SPINESI LUCA
(syllabus)
1. Theory of firm 1.1 Technology 1.2 Profit maximization 1.3 Profit function 1.4 Cost minimization 1.5 Cost function 1.6 Duality
2. Consumer theory 2.1 Preferences 2.2 Utility function 2.3 Utility maximization 2.4 Demand function and demand and correspodence 2.5 Minimization of consumre’s expenditures 2.6 Slutsky equation: substitution and income effects 2.7 Consumption with endowements 3. Consumer’s Surplus 3.1 Compensative variation 3.2 Equivalent variation 3.3 Quasi-linear utility 3.4 Gorman indirect utility function and aggregate demand
4. Choice under uncertainty 4.1 Lotteries 4.2 Expected utility 4.3 Risk aversion 4.4 Measures of absolute and relative risk aversion 4.5 The CAPM
5 Perfect competition 5.1 The firm in perfect competition 5.2 Aggregate supply function 5.3 Short and long run equilibrium 5.4 Pareto efficiency 5.5 Efficiency and welfare
6 Monopoly 6.1 Monopolistic firm 6.2 Profit maximization 6.3 First, second, and third degree price discrimination.
(reference books)
H.L. Varian. Microeconomic Analysis. Third Edition. 1992. W.W. Norton and Company. New York.
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