14.121 Microeconomic Theory I, Fall 2009
Name
14-121-fall-2009/contents/index.htm
Size
33.8 KB
Format
HTML
Checksum (MD5)
13ac6a3485bb7ab4c4be62e2782359d8
Author(s)
Pathak, Parag
Alternative Title
Microeconomic Theory I
Date Issued
December 2009
Abstract
This half-semester course provides an introduction to microeconomic theory designed to meet the needs of students in the economics Ph.D. program. Some parts of the course are designed to teach material that all graduate students should know. Others are used to introduce methodologies. Topics include consumer and producer theory, markets and competition, general equilibrium, and tools of comparative statics and their application to price theory. Some topics of recent interest may also be covered.
Subjects
microeconomic theory
demand theory
producer theory; partial equilibrium
competitive markets
general equilibrium
externalities
Afriat's theorem
pricing
robust comparative statics
utility theory
properties of preferences
choice as primitive
revealed preference
classical demand theory
Kuhn-Tucker necessary conditions
implications of Walras?s law
indirect utility functions
theorem of the maximum (Berge?s theorem)
expenditure minimization problem
Hicksian demands
compensated law of demand
Slutsky substitution
price changes and welfare
compensating variation
and welfare from new goods
price indexes
bias in the U.S. consumer price index
integrability
demand aggregation
aggregate demand and welfare
Frisch demands
and demand estimation
increasing differences
producer theory applications
the LeCh?telier principle
Topkis? theorem
Milgrom-Shannon monotonicity theorem
monopoly pricing
monopoly and product quality
nonlinear pricing
and price discrimination
simple models of externalities
government intervention
Coase theorem
Myerson-Sattherthwaite proposition
missing markets
price vs. quantity regulations
Weitzman?s analysis
uncertainty
common property externalities
optimization
equilibrium number of boats
welfare theorems
uniqueness and determinacy
price-taking assumption
Edgeworth box
welfare properties
Pareto efficiency
Walrasian equilibrium with transfers
Arrow-Debreu economy
welfare theorems
separating hyperplanes
Minkowski?s theorem
Existence of Walrasian equilibrium
Kakutani?s fixed point theorem
Debreu-Gale-Kuhn-Nikaido lemma
additional properties of general equilibrium
Microfoundations
core
core convergence
general equilibrium with time and uncertainty
Jensen?s inequality
and security market economy
arbitrage pricing theory
and risk-neutral probabilities
Housing markets
competitive equilibrium
one-sided matching house allocation problem
serial dictatorship
two-sided matching
marriage markets
existence of stable matchings
optimization
incentives
housing markets core mechanism
MIT Department
Massachusetts Institute of Technology. Department of Economics
Terms of Use
Persistent DSpace Link
