我们消费商品所感受到的满足程度越高,我们愿意为之支付的价格也越高

本章要点:需求和供给的基本定义;商品价格和数量的决定

Content Lotteries and expected utility Risk aversion Metric Subjective probability theory

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

Preference and Choice Content: Preference and rationality The rule of choice Budget Demand function WAand demanded law lecture5 for Chu Kechen Honors College

CONTENT WA and demand law From preferences to utility Utility maximization Expenditure minimization

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

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