Advanced Microeconomics
Theory
Chapter 8: Game Theory and
Imperfect Competition
Outline
Game Theory Tools
Bertrand Model of Price Competition
Cournot Model of Quantity Competition
Product Differenti
The Pennsylvania State University
The Graduate School
ESSAYS IN MICROECONOMIC THEORY
A Thesis in
Economics
by
Isa E. Hafalir
c 2007 Isa E. Hafalir
Submitted in Partial Fulfillment
of the Requirements
Advanced Microeconomic
Theory
Chapter 9: Externalities and Public
Goods
Outline
Externalities
The Coase Theorem
Pigouvian Taxation
Tragedy of the Commons
Pollution Abatement
Public Goods
Lindahl Equil
Advanced Microeconomic
Theory
Chapter 1: Preferences and Utility
Advanced Microeconomic Theory
Outline
Preference and Choice
Preference-Based Approach
Utility Function
Indifference Sets, Convexity, an
Microeconomic Theory and Statistics
Microeconomic Theory
Department of Economics Copenhagen Business School Mark Power Kristoffersen (lecturer)
August 31, 2014
Microeconomics: Review Plan: Autumn
Advanced Microeconomic
Theory
Chapter 2: Demand Theory
Outline
Utility maximization problem (UMP)
Walrasian demand and indirect utility function
WARP and Walrasian demand
Income and substitution effec
Advanced Microeconomic
Theory
Chapter 5: Choices under Uncertainty
Outline
Simple, Compound, and Reduced Lotteries
Independence Axiom
Expected Utility Theory
Money Lotteries
Risk Aversion
Prospect The
Advanced Microeconomic
Theory
Chapter 6: Partial and General
Equilibrium
Outline
Partial Equilibrium Analysis
General Equilibrium Analysis
Comparative Statics
Welfare Analysis
Advanced Microeconomic T
Advanced Microeconomic
Theory
Chapter 7: Monopoly
Outline
Barriers to Entry
Profit Maximization under Monopoly
Welfare Loss of Monopoly
Multiplant Monopolist
Price Discrimination
Advertising in Monopo
M ICROECONOMICS
L ECTURE 1: I NTRODUCTION
Dr. Xiaoyong Cao
School of International Economics and Business
University of International Business and Economics
Fall, 2017
M ICROECONOMICS L ECTURE 1: I NT
Problem Set
1 The Cobb-Douglas production function
Suppose that the world is described by the Solow model, and that the production function
is: F ( K , L) = AK L1 where 0 < < 1 . As you will see in yo
Prin. Of Macro.: Assignment 1
Chap. 23
1.Macroeconomists study
a. decisions of households and firms.
b. the interaction of households and firms.
c. economy-wide phenomena.
d. regulations on firms and
Prin. Of Macro.: Assignment 2
Chap.26
1.When opening a restaurant you may need to buy ovens, freezers, tables, and cash registers.
Economists call these expenditures
a. capital investment.
b. investme
Principles of Macroeconomics
Homework Assignment (Chap. 23&24)
Dr. Xiaoyong Cao
Spring 2015
Multiple Choice
Identify the letter of the choice that best completes the statement or answers the question.
Prin. Of Macro.: Assignment 4
Chapter 35
2.The misery index is calculated as the
a. inflation rate plus the unemployment rate.
b. unemployment rate minus the inflation rate.
c. actual inflation rate m
Prin. Of Macro.: Assignment 3
Chap. 28
3.Cyclical unemployment is closely associated with
a. long-term economic growth.
b. short-run ups and downs of the economy.
c. fluctuations in the natural rate o
Macro Assignment 3
Jeff Frey
1. The following equations describe an economy. (think of C, I, G, etc., as being measured in
billions and i as a percentage; a 5 percent interest rate implies i = 5.)
C =
Intermediate Microeconomics
Fall 2016
Problem Set 1
Multiple Choices
1.
Which of the following would shift the demand curve for new textbooks to the right?
a) A fall in the price of paper used in publ
Assignment 3
2 Continue with the same equations.
a) What is the value of G which corresponds to the simple multiplier (with taxes) of chapter 9?
b) By how much does an increase in government spending
Here we investigate a particular example of the model studied in Sections 9-2 and 9-3with no
government. Suppose the consumption function is given by C = 100 + 0.8Y,while investment is given
by I = 50
Question 5
Suppose Congress decides to reduce transfer payments (such as welfare) but to increasegovernment
purchases of goods and services by an equal amount. That is, it undertakes achange in fiscal
Intermediate Microeconomics
Fall 2016
2) A firm's total cost function is given by the equation:
TC = 4000 + 5Q + 10Q2
(1) Write an expression for each of the following cost concepts:
a) Total Fixed Co
Question 2
Suppose consumption behavior were to change in problem 1 so that C = 100 + 0.9Y,while I remained
at 50.
(a) Would you expect the equilibrium level of income to be higher or lower than in 1a
Intermediate Microeconomics
Fall 2016
1) Marges Hair Salon production function is y(K, L) = KL where K is the number of hair dryers and
L is the number of labor hours she employs. a) Does this product
Question 3
Now we look at the role taxes play in determining equilibrium income. Suppose we havean economy
of the type in Sections 9-4 and 9-5, described by the following functions:
C = 50 + 0.8YD
I =
Assignment 3
1. The following equations describe an economy. (think of C, I, G, etc., as being measured in
billions and i as a percentage; a 5 percent interest rate implies i = 5.)
C = 0.8(1-t)Y
T = 0