▪ Content: • Definitions • Properties of cost function • WACM • Some forms of cost functions

《高级微观经济学Advanced Microeconomics》PPT课件：lecture1 production theory I

• Lotteries and expected utility • Risk aversion • Metric • Subjective probability theory

《高级微观经济学Advanced Microeconomics》PPT课件：lecture 5 consumption theory II

The Market Forces of Supply and Demand Supply and Demand are the two wordsthat economists use most often. Supply and Demand are the forces thatmake market economies work. Modern microeconomics is about supply,demand and equilibrium

Where Are We in the Course? We are studying the 1st of the three blocks of microeconomics: Consumer behavior, production theory, and market equilibrium Within the 1st block, we are working on the 2nd of the three components: choice set, preference, and consumer demand

Where are We in the Course? We are working on the 1st of the 3 components of microeconomics: Consumer behavior, production theory, and market. There are three elements of consumer behavior: budget constraint, preference, and choices

利率水平及其未来价值的预测是投资决策中最为重要的影响因素

一、垄断竞争 1、垄断竞争市场特征 第一：许多厂商通过销售有差别的产品进行竞争； 第二：厂商可以自由进出。 最适度广告准则：每增加一元钱广告支出所增加的收入＝需求价格弹性Ed

分析有垄断势力的厂商如何有效地利用市场势力进行定价，从而使企业的利润最大化