Content Competitive equilibrium Local analysis Omplete compete market Monopoly

Contents Inter-temporal preferences Two periods Several periods · Asset market CAPM -APT Complete market Pure arbitrage

Content Public goods Subscription Efficient provision of public goods Public choice EXternality What's externality? How to solute it? What's the efficient condition with externality

Content Pure exchange system The existence of Walrasian equilibrium The first theorem of welfare economics The second theorem of welfare economics Exchange with production

Duality Given the technology we can obtain the cost function are the cost function contains the same information of the technology (production function)? If the answer is yes, then the cost minimization behavior will indicate the technology of the firm

Aggregation and Welfare Content: Consumer's' surplus Aggregation Representation consumer

Cost Minimization Content: Definitions Properties of cost function WACM Some forms of cost functions lecture3 for Chu Kechen Honors College

profit maximization Contain: Some definition -Isoprofit curve -Demand function and it's properties supply function and it's properties -Profit function and it's properties lecture 2 for Chu Kechen Honors College

Summary textbook: Varian, Hal R., 1992, Microeconomics Analysis, 3rd ed. Mas-Colell, A., M. Whinston, and J. Green, 1995, Microeconomics Theory. assignments: twice a week; Team work; Deliver on the class

Content Public goods Subscription -Efficient provision of public goods Public choice · Externality -What' s externality? - How to solute it? -What' s the efficient condition with externality