Fabio Petri MICROECONOMICS FOR THE CRITICAL MIND法比奥的微观经济学进行批判性思维的培养.doc

fabio petri Advanced Microeconomics ch. 4 Part I DATE \@ dd/MM/yyyy 04/03/2012 p. PAGE 1 Fabio Petri MICROECONOMICS FOR THE CRITICAL MIND CHAPTER 4: CONSUMERS AND THE EXCHANGE ECONOMY CONTENTS (page numbers to be checked) 4.1. Introduction 4.2. Again on the exchange economy CONSUMER CHOICE 4.3. Consumption set, time, and the role of equilibrium 13 4.4. Preferences 17 4.5. Typical indifference curves 25 4.6. Optimization 4.7. Demand and continuity 32 The influence of prices and income on demand 4.8. Some properties of demand functions 34 4.9. First-order conditions. The Kuhn-Tucker theorem and the Envelope theorem. 35 4.10. Second-order conditions 46 4.11. Some frequently used utility functions: quasi-linear, Cobb-Douglas, CES. Elasticity of substitution. 52 4.12. Indirect utility, expenditure function, compensated demand, Roys Identity and Shephards Lemma 59 4.13. The Slutsky equation.66 Hicksian vs. Slutsky substitution effect 71 4.14. Given endowments 73 4.15. The zero-income problem. 76 4.16. Labour supply, household production, intertemporal decisions 78. 4.17. The expediture function again, the restrictions on demand functions, and the integrability problem 84 4.19. Duality and integrability 88 Duality 88 4.20. Implications of duality 93 From the expenditure function to the utility function From the indirect utility function to the utility function From expenditure function to indirect utility function From demand functions to utility function. 4.21. Money metric utility function, equivalent variation, compensating variation. 99 4.22. Constant marginal utility of money. Consumer surplus 105 4.23. Price indices 110 4.24 AGGREGABILITY OF GOODS 112 4.24.1 Hicksian aggregability 112 4.22. Weakly separable utility and Leontief separability. 4.25. REVEALED PREFERENCES 117 Recoverability of preferences 4.26. CONSUMER AGGREGABILITY 125 4.26.2 Gorman aggregability and the rep