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(1011.4111) |
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| Lecturer | Ariel Rubinstein
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| Teaching Assistant |
Benjamin Bachi |
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| Problem Sets | It is extremely important that you prepare all problem sets even though it is not a mandatory requirement. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Books |
I very strongly recommend Kreps' new book: David Kreps: Microeconomic Foundations I: Choice and Competitive Markets, Princeton University Press, 2013. Secondary recommendation: Andreu Mas-Colell, Michael D. Whinston, Jerry R. Green: Microeconomic Theory, Oxford University Press, 1995. |
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| Course Material | All material for the course will be posted on the web.
Downloading lecture notes and problems sets requires a "user name" and a password which will be given to students in the class and should not be transferred to other students!! |
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Exam 23/1/2014 @ 14:00
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| Review qustions |
Review questions for the major part of the course are available in the book. |
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| Students list |
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Plan of the course
In most of the course (about 80%) we study models of rational economic agent. In the rest of the course we will discuss the notion of competitive equilibrium. Here is the plan:
| # | Date | Topic | Lecture | Comments | Solution |
| 1 | Preferences | L01 | http://gametheory.tau.ac.il/exp11// | ||
| 2 | Preferences |
see http://www.youtube.com/watch?v=boJD_gTLavA http://en.wikipedia.org/wiki/Shepard_tone and http://www.youtube.com/watch?NR=1&v=DfJa3IC1txI
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PS01 | ||
| 3 | Utility | L02 | |||
| 4 | Utility | PS02 | |||
| 5 | Choice | L03 | |||
| 6 | Criticism on Rationality | ||||
| 7 | Choice | ||||
| 8 | Extended Choice/consumer | PS03 | |||
| 9 | Consumer's preferences | L04 | |||
| 10 | Consumer's preferences/Demand | PS04 | |||
| 11 | Demand | L05 | |||
| 12 | more on Demand. | PS05 | |||
| 13 | Other Economic Agents: Choice from budget set | L06 | |||
| 14 | The dual consumer | Reading on the envlope theorem Turtle's Speed | |||
| 15 | The producer | PS06 | |||
| 16 | Expected Utility | L07 | |||
| 17 | PS07 | ||||
| 18 | |||||
| 19 | Risk aversion | L08 | PS08 | ||
| 20 |
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| 21 | Social Choice | L09 | PS09 | ||
| 22 | The housing model | B01 | PS-B01 | ||
| 23 | |||||
| 24 | Competitive equilibrium | B02 | PS-B02 | ||
| 25 | |||||
| 26 | Core | B03 |
Notes for me
| Before Lecture | Task | Links |
| Lecture 4 | --- | set 1 of pre-class questions |
| Lecture 8 | --- | set 2 of pre-class questions |
| Read |
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| Fun | --- | ( your course number (for this site) is 451). |