Economics 2010a: Economic Theory

Covers the theory of individual and group behavior. Topics include consumer theory, producer theory, behavior under uncertainty, externalities, monopolistic distortions, game theory, oligopolistic behavior, and asymmetric information.

Class Materials:

Course Videos

Link to course videos:

Part 1: Introduction

Part 2: Optimization 1 - One Variable Optimization

Part 2: Optimization 2 - Two Variable Maximazation - Part 1

Part 2: Optimization 3 - Two Variable Optimization - Part 2

Part 2: Optimization 4 - Second Order Conditions

Part 3: Profit Function 1 - Proflt Maximization

Part 3: Profit Function 2 - Cobb Douglas Production Function

Part 3: Profit Function 3 - Profit Function Is Homogeneous of Degree One

Part 3: Profit Function 4 - Example - Variation in Prices Can Be Good for a Firm

Part 4: Cost Minimization - Derivatives of the Cost Function

Part 4: Cost Minimization - Example - Cobb Douglas Production Function

Part 4: Cost Minimization - LaGrangeans and Cost Minimization

Part 5: Cobb Douglas Utility Function Basic

Part 6: Hicksian Demand and Expenditure with Cobb Douglas Utility

Part 7: Slutsky Decomposition Basic

Part 8: Labor Supply - Labor Supply

Part 8: Labor Supply - Labor Supply and Taxes

Part 9: Price Indices

Part 10: Savings - 2 Period Savings Problem

Part 11: Market Equilibrium 1 - EV and CV

Part 11: Market Equilibrium 2 - Example EV and CV with Cobb Douglas Utility Function

Part 11: Market Equilibrium 3 - Market Equilibrium with Homogeneous Consumers

Part 11: Market Equilibrium 4 - Consumer Welfare and Profits in Market Equilibrium

Part 11: Market Equilibrium 5 - Market Equilibrium with Heterogeneous Consumers

Part 11: Market Equilibrium 6 - Rent Control

Part 12: Asymmetric Information - Adverse Selection

Part 12: Asymmetric Information - Moral Hazard I

Part 12: Asymmetric Information - Moral Hazard II

Part 13: Monopoly and Oligopoly 1 - Monopoly

Part 13: Monopoly and Oligopoly 2 - Oligopoly

Part 13: Monopoly and Oligopoly 3 - Monopoly an Duopoly Examples

Part 13: Monopoly and Oligopoly 4 - Stackelberg Competition

Part 13: Monopoly and Oligopoly 5 - Bertrand Competition

Part 14: Game Theory 1: Introduction to Game Theory

Part 14: Game Theory 2: Mixed Strategies

Class: 

Economics 2011A: Intermediate Microeconomics: Advanced