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

Content Competitive equilibrium Local analysis Omplete compete market Monopoly

Summary textbook Varian, Hal R, 1992, Microeconomics Analysis, 3rd ed Mas-Colella m Whinston and j, green 1995, microeconomics Theory assignments

1.Integrability Demand function x(p,w)(.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(p,w)? That the integrability problem

Cost Minimization Content Definitions Properties of cost function WACM Some forms of cost functions

Content Lotteries and expected utility Risk aversion Metric Subjective probability theory

近代化学的发展趋势和特点 (1)从宏观到微观 (2)从体相到表相 (3)从定性到定量 (4)从单一学科到交叉学科 (5)从研究平衡态到研究非平衡态

1.引言(Introduction) 1.1局部均衡( Partial Equilibrium)与一般均衡(General Equilibrium) 一、局部均衡(Partial Equilibrium) 只考虑一个市场(single market)的情况(假设其他市场不变),对部门j 而言,当对该部们的产品x,的需求x(p)与该产品的供给x(p)相等时,即 x(p,)=x(p)时,这个市场就达到了均衡; 这种单个市场达到的均衡状态称为“局部均衡”(Partial Equi librium 那么是不是所有的市场能同时达到均衡呢?这就涉及到“一般均衡”(General Equilibrium)的概念了

Problem Set 2 Prof. Gene Chang (For Ph. D students, due on Dec. 9th in the class or TA's office. For M.A. students, due on Dec. 12th, in the class or TA's office. Late turn-in may result in penalty in the grade) 1. The production set is={yy2):y2sy,-