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

兰州交通大学：《微观经济学》课程教学资源（教案大纲）教学大纲 Microeconomics（负责人：李新文）

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

第一章 需求、供给和均衡价格 第二章 消费者选择 第三章 企业的生产和成本 第四章 完全竞争市场 第五章 不完全竞争市场

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

Aggregation and Welfare Content: Consumer's' surplus Aggregation Representation consumer

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

• Perfect Bayesian Equilibrium • Signaling Games • Applications – Job market signaling game – Cheap talk game – Investment financing – Wage bargaining – Reputation and cooperation

Content Lotteries and expected utility Risk aversion Metric Subjective probability theory

Quasi-linear Indifference preferences curves Final budget line Original budget Pivot Substitution effect=total effect