Syllabus
1. Consumers’ Theory (A. Shaked)
ü Consumer’s Preference and Choice
ü Collective Choice
ü Revealed Preference
ü Consumer’s Surplus and Aggregated Demand
ü Intertemporal Choice
ü Uncertainty and risk 2. Production (K. Žigić)
ü Properties of Production Set
ü Production Function
ü Basics of Input-Output Analysis
ü Elasticity of Substitution
ü Profit Function and Its Properties
ü Cost Function and Its Properties 3. Markets
ü Competitive Markets (K. Žigić)
ü Public Goods
ü Externalities
ü Exchange, Matching, Edgeworth Box (A. Shaked)
ü General Equilibrium
If time permits: (A. Shaked)
Discriminating Monopolist
Behavioral Economics