Econ 205 Intermediate Microeconomics II

Background Knowledge §

• Monotonic Transformation
• Lagrangian Optimization
• Rational Taste

Consumer Choice Theory §

• Utility Function
• Budget Constraints
• Utility Maximization
  • Utility Maximization with Endowments
  • Ordinary Demand
  • Indirect Utility Function
• Expenditure Minimization
  • Hicksian Demand Curve
  • Expenditure Function
• & See: Map of Microeconomic Optimization

Theory of the Firm §

• Profit Maximization
  • Input Demand and Output Supply
  • Profit Function
• Cost Minimization
  • Constrained Constrainted Input Demand
• Monopoly

Equilibrium Theory §

• Microeconomic Market Equilibrium
• Trade between individuals
  • Edgeworth Box
  • Pareto Efficiency
  • Compensating and Equivalent Variation

Game Theory §

• Game Theory
  • Dominant Strategy Equilibrium
  • Equilibria in Game Theory
  • Subgame Perfect Nash Equilibirum
  • Repeated Game
• Oligopoly Games
  • Bertrand Price Competition
  • Cornout Quantity Competition