Microeconomic Theory I-1: Optimization, Consumer Choice and Uncertainty (個體經濟理論一：最佳化、消費者決策與風險部分)

NTU (Fall 2013)

Time: Wednesday, 2:20-4:20pm, and Friday, 2:20-5:20pm, at 社科7

TA: Ralph (Ray-Fu) Sung (r01323060 "at" ntu.edu.tw)

Office Hour: Wednesday 4:20-5:20pm (after class) or by Email appointment

Course Syllabus

Textbooks and References:

• Textbook:   John G. Riley (2012), Essential Microeconomics, Cambridge University Press. (EM)

• Reference:  Mas-Colell, Whinston and Green, Microeconomic Theory, Oxford University Press, 1995. (MWG)

[Part 2 taught by Professor Pohan Fong]

Class Topics: [You may find class videos on Proera]

[ 9 /11] Supporting Prices (old) (EM, 1.1)

[ 9 /13] Shadow Prices and Monopoly Pricing with Joint Costs (old) (EM 1.2, 1.5)

[ 9 /18] Envelope Theorem (old) and Theory of Choice (old)  (EM 1.3, 2.1)

[ 9 /25] Notes on Concavity and Quasi-Concavity (based on EM A.5 and B.2)

[ 9 /27] Budget Constrained Consumer Choice with 2 Commodities (old) (EM 2.2)

[10/ 2 ] Budget Constrained Consumer Choice with n Commodities (old) (EM 2.3)

[10/ 4 ] The 2x2 Exchange Economy (old) (EM, 3.1)

[10/ 9 ] The Fundamental Welfare Theorems (old) (EM, 3.2)

[10/11] Theory of Risky Choices (old) (EM, 7.1)

[10/16] Theory of Risky Choices (continued) (EM, 7.1)

[10/18] Attitude toward Risk (old) (EM 7.2)

[10/23] TA review session

[10/25] Quiz

[10/30] Attitude toward Risk (continued) (EM 7.2)

[11/ 1 ] Principal-Agent Problem: Hidden Action (EM 7.4, MWG)

[11/ 6 ] More on Principal-Agent Problem

[11/ 8 ] Midterm Exam (on Optimization, Consumer Decision and Uncertainty)
               Past Finals: Fall 2012, Fall 2010, Fall 2009, Fall 2008,
               Past Midterms: Fall 2009 (sample question), Fall 2008

[Part 2 taught by Professor Pohan Fong]