范里安中级微观经济学知识点总结0001.docx

范里安中级微观经济学知识点总结 I. Summary Marg inal an alysis： 1:Margi nal mag ni tudes=ta ngent a =slope of TM 2:Average magnitudes=tangent B 3: Total mag nitudemaxMINF .O.CMMTM MM 0TM MM 0 3: Total mag nitude max MIN F .O.C MM TM MM 0 TM MM 0 Budget lin es: slope= P2 Impos ing a tax/g iving a subsidy; cha nging in come/price. X2 m /p m/p2 In creas ing in come In creas ing price m/p2 Slope = - Slope = - p1/p2 Slope =-p /p2 m/p1m/p m/p1 In differe nee curves: cannot cross each other. ? Follow ing are some in differe nee cur ves. Utility fun cti on: my mv? dx2 Neutrals Goods MRS( forgoodone) 旦 F2 Optimal choice: R PM md2 P2X2 MVn Pn (In terior/bo un dary/k inky PnXn m soluti ons) Graphically, it is the point where budget line and in differe nces curves tangent 0 By in come Perfect compleme nt: Goodl Perfect compleme nt Perfect substitutes: Pl X2 Budget li nes Price offer curve Xi ? Cobb-Douglas: Xi Pl 「X1詐 x* (Xi \ Dema nd curve Xi Slutsky equati on The total effect = the substituti on effect + the in come effect A giffe n good must be an in ferior goodSlutsky decompositi on of in ferior good A giffe n good must be an in ferior good Slutsky decompositi on of in ferior good En dowme nt Pi Budget line goes through en dowme nt has a slope二P2 Better-off by buy X sell ① worse-off as well-off better-off by sell X buy Y Xi Xi Price offer curve with en dowme nt Market dema nd ? Horiz on tal sum ming up prin ciple Price elasticity of dema nd: qq p p 严 Elastic dema nd p q slope of ray ..... . — J In elastic dema nd dp slope of curve dq I Un itary dema nd =1 2slopedc(AR) (q) 1 p[1 ] p[1 QX FP PX Equilibrium Q1 PX Pr Impos ing tax Pass ing along the tax burde n: The steeper the curve is, the more tax that side suffers _T_ kp Rs kdT kd ks KsT Tp Tr KD Rs Dead-weight loss Amount of tax reve nue: A+C tax pay by con sumer tax pay bay producer Supply Dema nd PRICE Pp B E D Pr A ema nd (on con sumer) * P Q* Q° / Supply (on producer) QUANTITY Tech no logy Y / 1 / 1 I^Isoqua nts X Fix proporti o