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

– Consumer’s surplus – Aggregation – Representation consumer

– Integrability – Aggregation across goods

Preference and rationality The rule of choice Budget Demand function WA and demanded law

– Consumer’s surplus – Aggregation – Representation consumer

《高级微观经济学Advanced Microeconomics》PPT课件：Duality

Content Lotteries and expected utility Risk aversion Metric Subjective probability theory

Aggregation and Welfare Content Consumer's surplus Aggregation Representation consumer

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

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