14.121 Microeconomic Theory I, Fall 2009

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...

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Bibliographic Details
Main Author:	Pathak, Parag
Language:	en-US
Published:	2009
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 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 incentives housing markets core mechanism
Online Access:	http://hdl.handle.net/1721.1/102895

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http://hdl.handle.net/1721.1/102895

14.121 Microeconomic Theory I, Fall 2009

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