chapter_1 Preliminaries微观经济学课件(华侨大学 Jeff Caldwell).ppt

Chapter 1 Part 1 Introduction:Markets and PricesChapter 1-2 Chapter 1 Preliminaries Traditional microeconomics for one-semester course Chapter 1,2 3,4.1-4.4,6,7.1-7.4,8,9.1-9.3,10,11.1-11.3,12,14,15.1-15.4,18.1-18.2,18.5 Modern Microeconomics includes: Chapter 13 Game theory Chapter 17 Markets with asymmetric information Topics to be Discussed The Themes of Microeconomics What Is a Market? Real Versus Nominal Prices Why Study Microeconomics? Definition of Economics Economics is the study of how societies use scarce resources to produce valuable commodities and distribute them among different people. P.A.Samuelson Definition of microeconomics Microeconomics is the study of how households and firms make decisions and how they interact in specific markets. N.Gregory Mankiw Definition of macroeconomics Macroeconomics is the study of economy-wide phenomena,including inflation,unemployment, and economic growth. N.Gregory Mankiw Preliminaries Microeconomics deals with: Behavior of individual units When Consuming How we choose what to buy Preliminaries Microeconomics deals with: Behavior of individual units When Producing How we choose what to produce Preliminaries Microeconomics deals with: Markets: The interaction of consumers and producers Preliminaries Macroeconomics deals with: Analysis of aggregate issues: Economic growth Inflation Unemployment Preliminaries The Linkage Between Micro and Macro-economics Microeconomics is the foundation of macroeconomic analysis The Themes of Microeconomics According to Mick Jagger* the Rolling Stones “You can’t always get what you want” The Themes of Microeconomics Why Not? Limited Resources Try to understand the phrase“scarce resources”in the following Every gun that is made,every warship launched,every rocket fired signifies,in the final sense,a theft from those who hunger and are not fed. President D.D.Eisenhower The Themes of Microeconomics Microeconomics Allocation of Scarce Resources and Trade-off