微观经济管理学与财务知识分析规划(英文版).pptxVIP

IntermediateMicroeconomics

Introduction

ContentsInstructorandTAsRequirementsCourseoutlineAnexample:marketforapartments

TextbookIntermediateMicroeconomics:AModernApproach(SixthEdition)byHalR.VarianW.W.Norton，2003

TheTheoryofEconomicsdoesnot

furnishabodyofsettledconclusions

immediatelyapplicabletopolicy.Itis

amethodratherthanadoctrine,an

apparatusofthemind,atechniqueof

thinkingwhichhelpsitspossessorto

drawcorrectconclusions

---JohnMaynardKeynes

IsEconomicsUseful?AthinkingmachineChangesthewayyouviewlifeandunderstandproblemsAnallroundmajor

EconomicsGraduatesTypeofEmployerPercentofGraduatesTraditionalBusiness23.3Government18.4FinancialBusiness17.7GraduateSchool13.7ConsultingServices4.4Private/publicSchool3.9LawFirm3.5Other9.8

JobsforEconomistsBusinesseconomistsGovernmenteconomistsAcademiceconomists

MicroeconomicsTheoryApplicationsLaboreconomicsEconomicsofeducationAgriculturaleconomicsIndustrialorganizationsHealtheconomics……

CourseOutlineConsumertheory(1-15)Producertheory(18-27)Marketequilibrium(16-17,30-32)Specialtopicsonequilibrium

EconomicModelingWhatcauseswhatineconomicsystems?Atwhatlevelofdetailshallwemodelaneconomicphenomenon?Whichvariablesaredeterminedoutsidethemodel(exogenous)andwhicharetobedeterminedbythemodel(endogenous)?

ModelingtheApartmentMarketHowareapartmentrentsdetermined?Supposeapartmentsarecloseordistant,butotherwiseidenticaldistantapartmentsrentsareexogenousandknownmanypotentialrentersandlandlords

ModelingtheApartmentMarketWhowillrentcloseapartments?Atwhatprice?Willtheallocationofapartmentsbedesirableinanysense?

Howcanweconstructaninsightfulmodeltoanswerthesequestions?

TwoPrinciplesinEconomicsOptimization:Eachpersontriestochoosethebestalternativeavailabletohimorher.Equilibrium:Marketpriceadjustsuntilquantitydemandedequalsquanti