The Firm and the Market(伦敦经济学院高级微观讲义).pdf

MicroEconomics The Firm and the Market Overview... The Firm The Firm The Firm Production ComparativeComparative Production Comparative Optimisation Comparative and the Optimisation Production Optimisation StaticsStatics Statics Statics Market Where now…?  In the first three lectures we’ve seen the  In the first three lectures we’ve seen the basics of the way an optimising agent basics of the way an optimising agent reacts to the market. reacts to the market.  We could just go and apply this to a number  We could just go and apply this to a number of other similar problems. of other similar problems.  But first let’s try a very healthy exercise in  But first let’s try a very healthy exercise in microeconomics: microeconomics:  Spot any suspect assumptions...  Spot any suspect assumptions...  Let’s think of those we’ve slipped in so far...  Let’s think of those we’ve slipped in so far... Some unresolved issues  Weve taken for granted the firms  Weve taken for granted the firms environment environment  What is the basis for the given price  What is the basis for the given price assumption? assumption?  What if we relax it for a single firm?  What if we relax it for a single firm?  What of the actions of other firms?  What of the actions of other firms? The Firm and the Market The Firm