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

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

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

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

1. Integrability Demand function x(p, w)(c d ) is HDO, satisfied walras law and have a substitution matriX S(p, w) is s n.s.d. for any (p, w), if it's deduced by rational preference And if we observed an x(p, w)satisfied such conditions, can we find a preference to rationalization x(p w ) That the integrability problem

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

Chapter Three Consumer’s Behavior Theory: Further analysis(1) Chapter Four Production and Cost Function Chapter Five Perfect Competitive Market （1）完全竞争市场

Topics to be Discussed a Capturing Consumer Surplus Price Discrimination Intertemporal Price Discrimination and Peak-Load Pricing

Topics to be Discussed Competitive Factor Markets Equilibrium in a Competitive Factor Market Factor Markets with Monopsony Power Factor Markets with Monopoly Power

一、需求与供给 二、市场机制 三、市场均衡的变化 四、需求与供给弹性 五、政府对市场价格的管制