Course Outline(2).pdf

Intermediate Microeconomics Li-An Zhou Guanghua School of Management,Peking University Spring,2018 Course Outline Chapter 1 Introduction 1.What is Microeconomics?2.Rationality Assumption in Economics Chapter 2 The Market(Varian,Chapter 1)1.Construct a Model 2.Alternative Ways to Allocate Apartments Chapter 3 Consumer Behavior(Varian,Chapters 2-6 and 8)1.Consumer Preferences 2.Budget Constraints 3.Consumer Choice 4.Substitution and Income Effects 5.Individual Demand 6.Market Demand Chapter 4 Choice under Uncertainty(Varian,Chapter 12)1.Describing Risk 2.Preferences towards Risk 3.Reducing Risk 4.Demand for Risky Assets(Varian,Chapter 13)Chapter 5 Production(Varian,Chapter 18)1.Technology 2.Returns to Scale Chapter 6 Costs of Production(Varian,Chapters 20 an 21)1.Cost Minimization 2.Return to Scale and the Cost Functions 3.Long-Run and Short-Run Costs 4.Measuring Costs:Which Costs Matter?5.Cost curves Chapter 7 Profit Maximization and Supply Behavior(Varian,Chapter 19,22 and 23)1.Profit Maximization 2.Firm Supply in Short Run 3.Market or Industry Supply Curves 4.Economic Rents Chapter 8 Market Equilibrium(Varian,Chapter 16)1.Market Equilibrium Intermediate Microeconomics Li-An Zhou Guanghua School of Management,Peking University Spring,2018 2.Comparative Statics:Examples Chapter 9 Monopoly(Varian,Chapter 24)1.Profit Maximization for a Monopoly 2.Inefficiency of Monopoly 3.Pricing with Market Power 4.Monopolisitc Competition Chapter 10 Factor Markets(Varian,Chapter 26)1.Monopoly in the Output Market 2.Monopsony Chapter 11 Oligopoly(Varian,Chapter 27)1.Equilibrium Concept in an Oligopolistic Market 2.Cournot Equilibrium 3.The Stackelberg Model:First-Mover Advantage 4.Price Competition:Bertrand Model 5.Competition versus Collusion Chapter 12 Game Theory(Varian,28)1.Dominant Strategies 2.Nash Equilibrium Revisited 3.Mixed Strategies 4.Repeated Games 5.Sequential Games Chapter 13 Exchange(Varian,29)1.The Edgeworth Box and Trade 2.Pareto Efficient Allocations 3.Market Trade 4.Equilibrium and Efficiency 5.Efficiency and Equilibrium Chapter 14 General Equilibrium with Production(Varian,29)1.The Robinson Crusoe Economy 2.Extended Robinson Crusoe Economy 3.Production Possibilities and Efficiency Chapter 15 Externalities and Public Goods(Varian,32 and 35)1.An Example:Smokers and Nonsmokers 2.Production Externalities 3.Solutions to Externality Problem 4.The Tragedy of Commons 5.Public Goods Intermediate Microeconomics Li-An Zhou Guanghua School of Management,Peking University Spring,2018 Chapter 16 Asymmetric Information 1.Asymmetric Information:Overview 2.Adverse Selection and Signaling 3.Moral Hazard and Incentive Contracts