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e360_apape_overview - short run v long run...

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e360_apape_overview.txt 2008-12-09 - 1/1 - Tue Dec 9 12:06:08 EST 2008 * Overview of Topics * Andreas Pape, Econ 360 Consumer theory: part 2: chaps 2, 3, 4 utility budget constraint optimal bundle demand curve -- willingness to pay elasticity of demand, income, cross-price Producer theory: Part 4: chaps 7,8,9 production function optimum supply curve elasticity of supply short run v. long run return to an input, return to scale The Market: Part 5, chaps 10, 11, 12 demand = supply market assumptions changes in revenue
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Unformatted text preview: short run v. long run: increasing/decreasing cost industries taxes: revenue, DWL social welfare: chapter 12 pareto optimality when is the market PO? Market Failures: chapter 18 assumptions of the market don't hold externalities: pos and negative Private v. social marginal benefit/cost optimal level v. market level DWL Public goods how to identify Game theory: chapter 6 def'n of a game solving for the nash equilibrium evaluating a nash equilibrium...
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