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 2014)

Time: Wednesday, 2:20-5:20pm, and Friday, 2:20-4:20pm, at Social Science Building 306

TA: 黃堃綾 (r02323011 "at" ntu.edu.tw)

Office Hour: Friday 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 /17] Notes on Concavity and Quasi-Concavity (EM A.5, B.2) and Supporting Prices (old) (EM 1.1)

[ 9 /19] Shadow Prices and Monopoly Pricing with Joint Costs (old) (EM 1.2, 1.5)

[ 9 /24] Envelope Theorem (old) (EM 1.3)

[ 9 /26] Theory of Choice (old)  (EM 2.1)

[10/ 1 ] Budget Constrained Consumer Choice with 2 Commodities (old) (EM 2.2)

[10/ 3 ] Budget Constrained Consumer Choice with n Commodities (old) (EM 2.3)

[10/ 8 ] The 2x2 Exchange Economy (old) (EM, 3.1)

[10/10] Holiday

[10/15] The Fundamental Welfare Theorems (old) (EM, 3.2)

[10/17] Quiz

[10/22] Theory of Risky Choices (old) (EM, 7.1)

[10/24] Attitude toward Risk (old) (EM 7.2)

[10/29] Comparing Risky Alternatives (EM 7.3)

[10/31] Principal-Agent Problem: Hidden Action (old) (EM 7.4)

[11/ 5 ] More on Principal-Agent Problem (old) (MWG)

[11/ 7 ] (Optional) Edgeworth Box Bargaining Experiments (old) (Sunder)

[11/12] Midterm Exam (on Optimization, Consumer Decision and Uncertainty)
               Past Finals: Fall 2013, Fall 2012, Fall 2010, Fall 2009, Fall 2008,
               Past Midterms: Fall 2013, Fall 2009 (sample question), Fall 2008

[11/14] (Optional) Risk and Time Preference Experiments (old)

[Part 2 taught by Professor Pohan Fong]