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4. Welfare Analysis and Other Issues a. Measuring Welfare b. First Order and Second Order Losses C. Taxes and Welfare d. Household Production (did last class) e. The Hedonic Approach
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2. Choice and Utility Functions a. Choice in Consumer Demand Theory and Walrasian Demand b. Properties of demand from continuity and properties from WARP . Representing Preferences with a Utility Function d. Demand as Derived from Utility Maximization e. Application: Fertility
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10. More on Production a. Derived Demand-Marshall's Laws b. Long Run/Short Run, LeChatelier, Dynamics C. Aggregating Supply d. Theory of the Firm, the Holdup Problem e. Agency Issues f. Application: The Coase Theorem
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(1)i(p, u) is zero homogeneous in p (2) substitution matrix: Dpi(p, u)<0 (3)symmetric cross-price effects: 23i(p 2=2z(p, u) (4) decreasing:=n≤0
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Problem set 2 Micro Theory S. Wang Question 2. 1. You have just been asked to run a company that has two factories produc ing the same good and sells its output in a perfectly competitive market. The production
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Corporate finance 1. Theoretical Approaches 1.1. Corporate Finance in Arrow-Debreu world Complete market, perfect market, perfect competition, symmetric information, private consumption Risk: risk sharing, risk pooling, technology shocks, individual vs aggregate shocks Lucas(1978): existence of equilibrium asset price Merton: continuous-time pricing model
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一、利润最大化的条件 二、完全竞争市场 三、短期的产量选择
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浙江工业大学:《微观经济学》课程教学资源(PPT课件)05 成本理论
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第一节 厂商收益和利润 第二节 完全竞争市场价格和产量的决定 第三节 完全垄断市场价格和产量的决定
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1.使用范围:第六章“垄断市场” 2.要考核的知识点:垄断的含义及其非效率表现反垄断的意义
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