A Course in Microeconomic Theory

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More Free Resources. I have put a pdf copy of Workouts in Microeconomic Theory by Bergstrom and Varian online for this class. I will regularly assign problems from Workouts. Same goes for Varian's undergraduate text. A slim and beautiful economic theory book that you might consider buying is Itzhak Gilboa's Rational Choice. I have put the first two chapters of this book online. Do you need to brush up on elementary logic and set theory?

It has many nice problems and applications with answers supplied.

A Course in Microeconomic Theory

Want a quick brush-up on logic, sets, concavity, matrices, multivariate calculus, and related mathematical tools for economics? Take a look at this tutorial by Martin Osborne. Tutorials on matrix algebra, eigenthings, and quadratic forms. If you need more practice with the most elementary things in matrix algebra, like multiplying matrices times other matrices, matrices, times vectors, transposing matrices, etc, you might want to look at the Wikipedia discussion of matrix algebra. For a nice discussion of Quadratic Forms and their relation to matrix algebra, I recommend Blume and Simon's Chapter 16, which you can find here.

Microeconomic Theory: A Concise Course - Oxford Scholarship

Also you might want to look at this collection of notes on quadratic forms and eigenstuff , put together by Sheetal Gavankar. A graphical demonstration of the directional derivative. What is the "slope" of your skis? Check out the discussion at this site or the demo at this one. Do you need a brain to have transitive preferences? This paper offers evidence that slime molds, though they have even less brains than university administrators, do act transitively. The paper suggests however, that they do not have well-formed preference orderings, but make their choices by means of comparisons to possibly irrelevant alternatives.

I recommend that during the term you take a look at these works, though you may want to do some skipping.

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Through the wonders of Google Books, this book is available for free on the web.. You will note that it was scanned from the Stanford Library. Much of the analysis, particularly the early part on exchange, is completely modern and remains extremely influential. The discussion of utility, though lucid and clear, seems alien to current ways of thinking. I suggest that you dip into the section on utilitarian calculus, starting on page 56, where we see that Edgeworth views utility as a tool for comparing the happiness of one person with that of another.

The passages on the utility of the "lower classes" and of women will remind us of how much attitudes have changed since Victorian England. From moment to moment the hedonimeter varies ; the delicate index now flickering with the flutter of the passions, now steadied by intellectual activity, low sunk whole hours in the neighbourhood of zero, or momentarily springing up towards infinity. The continually indicated height is registered by photographic or other frictionless apparatus upon a uniformly moving vertical plane.

Then the quantity of happiness between two epochs is represented by the area contained between the zero-line, perpendiculars thereto at the points corresponding to the epochs, and the curve traced by the index Here are two interesting papers relevant to this question.

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Microeconomic Theory for Public Policy

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All University Sites. Current Site. Course Outlines. This course introduces key advanced methods and theories of contemporary microeconomics. Topics may include the economic behaviour of individual units, in particular consumers and firms; the general equilibrium theory; expected utility and uncertainty; welfare economics; and the fundamentals of the game theory. Open All. Course Learning Outcomes The purpose of this course is to provide students with a thorough introduction to central themes and results in advanced microeconomic theory.

The chosen topics are also important for understanding many applied fields, such as labour economics, industrial organisation, international trade and public economics. On successful completion of this course students will be able to: 1 possess a solid grasp of the mathematics of constrained optimisation especially Lagrange's method and know how to apply it to solve microeconomic problems 2 derive the central results about decision-making by consumers and firms from first principles 3 develop a thorough understanding of the expected utility model, and become familiar with its uses in economic analysis 4 become familiar with the fundamentals of welfare analysis 5 acquire a basic toolkit from game theory; develop skills in the translation of economic problems into game-theoretic notation; be able to select an appropriate solution concept; and be able to compute equilibrium strategies.

Required Resources There is no required textbook. For example 2L1T3P means you have 2 hours of lecture, a one hour tutorial and a 3 hour practical laboratory each week.

James Bergin

A prerequisite course provides the appropriate foundation knowledge in order to progress to the next course. Students are expected to be aware of the required prerequisites often expressed as Pre: in the Course information on mySI-net as, in most cases, the University does not check to see if you have completed the prerequisite courses. Current course offerings Course offerings Location internal on-campus , external off-campus or via distance education , or web based.

Lec 4 - MIT 14.01SC Principles of Microeconomics

Course description Draws on models developed in Introductory Microeconomics. Archived offerings Course offerings Location internal on-campus , external off-campus or via distance education , or web based.

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