ch1_ECONOMICMODELS_intermicro(微观经济学_(南开大学LeeJunqing.pptVIP

Intermediate Microeconomics Lee, Junqing, Associate-professor  Department of Economics , Nankai University;Contact to： Email：leejqdoc@163.com Email for lecture: leejqnku@163.com Password:123456 Tel:022References: Microeconomic Theory: Basic Principles and Extension, 9th Edition, South-western, 2005 Hal Varian, Intermediate Microeconomics: A Modern Approach, 6th Edition, Norton, 2003 平新乔，微观经济学十八讲，北京大学出版社2001年 ;Test: Final，60%； Homework，20% Case， 20%。;Microeconomic TheoryBasic Principles and Extensions, 9e;Hints;Chapter 1;Contents; Economics：The study of the allocation of scarce resources among alternative end uses ;Map of the Process of Economic Activities ;Theoretical Models;Verification of Economic Models;Verification of Economic Models;Features of Economic Models;Ceteris Paribus Assumption;Optimization Assumptions;Optimization Assumptions;Positive-Normative Distinction;The Economic Theory of Value;The Economic Theory of Value;The Economic Theory of Value;The Economic Theory of Value;The Economic Theory of Value;Supply-Demand Equilibrium;Supply-Demand Equilibrium;General Equilibrium Models－Walras ,Arrow,Debreu the Marshallian model is a partial equilibrium model focuses only on one market at a time to answer more general questions, we need a model of the entire economy need to include the interrelationships between markets and economic agents;The production possibilities frontier can be used as a basic building block for general equilibrium models A production possibilities frontier shows the combinations of two outputs that can be produced with an economy’s resources;Quantity of clothing (weekly);The production possibility frontier reminds us that resources are scarce Scarcity means that we must make choices each choice has opportunity costs the opportunity costs depend on how much of each good is produced;A Production Possibility Frontier;A Production Possibility Frontier;Welfare Economics tools used in general equilibrium analysis have bee