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

Content The“core” Uniqueness of equilibrium Stability of equilibrium Welfare

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

CONTENT Wa and demand law From preferences to utility Utility maximization EXpenditure minimization

Preference and Choice Content: Preference and rationality The rule of choice Budget Demand function WAand demanded law

profit maximization Content: Some definition Isoprofit curve Demand function and it's properties supply function and it's properties Profit function and it's properties

Aggregation and Welfare Content Consumer's surplus Aggregation Representation consumer

Content Lotteries and expected utility Risk aversion Metric Subjective probability theory

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

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