Planeamento


Aulas do tipo Teórico-Prático

Introduction

Information about the course

Consumer theory: the preference relation


Consumer theory

Consumer theory: the preference relation and the utility function


Consumer theory

Consumer theory: utility function and choice

Examples


Indirect utility

The indirect utility function: properties 


Indirect utility and expenditure

Expenditure function and Hicksian demand


The Slutsky equation

Hicksian decomposition of substitution and income effects
The Slutsky equation
Important demand elasticities


Decision making with risk

Elasticities in consumer theory

Preferences under uncertainty and risk

Von Neumann - Morgenstern utility


Risk aversion

Definition and measures of risk aversion 

Exercises chp.2 J&R


Production function

Properties of the production function

Elasticity of substitution

Returns to scale


Cost

The cost function

Conditional input demands

Short vs. long-run costs


The competitive firm

Profit maximization in one and two steps: properties
Short vs long-run profit


Exercises on producer theory

Chp.3 exercises J&R


Perfect competition

Supply and demand in a perfectly competitive market
Short-run and long-run market equilibrium


Other market structures

Monopoly
Monopolistic competition


Welfare analysis

Consumer and producer surplus

Pareto efficiency
CV and EV


Exercises

Partial equilibrium exercises (chp. 4 J&R)


Introduction to General Equilibrium

Introduction to General Equilibrium 
Edgeworth box, contract curve and the core


General equilibrium in markets

  General equilibrium in markets, Walrasian equilibrium allocations


19 - Equilibrium with production

Welfare theorems with production

Caveats


Exercícios

Exercises chp. 5 J&R