北京大学中级微观经济学课件1英文.pptVIP

1ShandongUniversityIntermediateMicroeconomicsYueQIAO

YueQIAO2ShandongUniversity Contents Introduction TheMarket BudgetConstraint Preferences

YueQIAO3ShandongUniversity Introduction ?Moduleoutline Studyingandunderstandingmicroeconomicsisoneofthe keyelementsintheprofessionaltrainingofaneconomist. Thismoduleservesasafoundationforsubsequentstudyof advancedeconomictopics. ?ModuleAims Toprovideafirmunderstandingofsomeofthecore principlesofmicroeconomics. ?Textbook Varian,H.R.(2004),IntermediateMicroeconomics:A ModernApproach,7thEdition,Norton.

YueQIAO4WelfareShandongUniversity Introduction Consumer Production MarketGameMicroeconomics

YueQIAO5ShandongUniversity Introduction ?Microeconomicsisasetofmodelsconstructedwith theaimofhelpingusunderstandtheprocessby whichscarceresourcesareallocatedamong alternativeuses,andoftheroleofpriceand marketinthisprocess. ?BasicelementsofMicroeconomics:Commodities, Prices,Markets,Economicagents,Rationality

YueQIAO6ShandongUniversity TheMarket ?Exampleofaneconomicmodel —themarketforapartments 1.Modelsaresimplificationsofreality 2.Assumptions:allapartmentsareidentical;someare closetotheuniversity,othersarefaraway 3.Priceofouter-ringapartmentsisexogenous:priceof inner-ringapartmentsisendogenous ?Twoprinciplesofeconomics 1.Optimizationprinciple—peoplechooseactionsthatare intheirinterest 2.Equilibriumprinciple—people’sactionsmusteventually beconsistentwitheachother

YueQIAO7ShandongUniversity TheMarket ?Constructingthedemandcurve 1.Lineupthepeoplebywillingness-to-pay. 2.Forlargenumbersofpeople,thisisessentiallya smoothcurve.

YueQIAO8ShandongUniversity TheMarket ?Supplycurve 1.Dependsontimeframe. 2.shortrun—whensupplyofapartmentsisfixed. ?Equilibrium 1.Whendemandequalss