Content Pure exchange system The existence of Walrasian equilibrium The first theorem of welfare economics The second theorem of welfare economics Exchange with production
Content Public goods Subscription -Efficient provision of public goods Public choice · Externality -What' s externality? - How to solute it? -What' s the efficient condition with externality
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
Preference and Choice Content: Preference and rationality The rule of choice Budget Demand function WAand demanded law lecture5 for Chu Kechen Honors College
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