Lecture Notes

LEC # TOPICS
Producer Part
1 Technology (PDF)
2 Profit Maximization (PDF)
3 Profit Function, Deriving Supply and Demand (PDF)
4 Cost Minimization (PDF)
5 Cost Function (PDF)
6 Duality
Consumer Part
7 Utility Functions (PDF)
8 Individual Choice (PDF)
9 Demand, Aggregating Individual Demands (PDF)
10 Consumer Surplus, Welfare (PDF)
11 Competitive Markets (PDF)
12 Monopoly (PDF)
13 Risk and Uncertainty (PDF)
Equilibrium Analysis
14-15 Walrasian Equilibrium: Exchange Economy, with Production. (PDF)
Strategic Considerations
16 Intro into Game Theory
17-18 Oligopoly. Cournot, Bertrand Equilibria. Quantity, Price Leadership. Market Entry. Collusion.
19-20 Information Economics: Lemon Markets, Adverse Selection, Signaling, Moral Hazard, Principal-Agent Problems (PDF)
Special Topics
21-22 Auctions, Optimal Selling Mechanisms. Public goods. (PDF)