Theory(微观经济理论).ppt

第一讲 绪论 References Mas-colell, A., Whiston, M. D. and Green, J. R. Microeconomic Theory(微观经济理论). 北京:中国社会科学出版社，2001 Harian, H. Intermediate Microeconomics (6th edition). New York: W. W. Norton Company, 2003 Nicholson, W. Microeconomics Theory: Basic Principles and Extensions (9th edition). Mason: Thomson, 2005 Economy Economists study. . . How people make decisions. How people interact with each other. The forces and trends that affect the economy as a whole. What economists need to study… Models (Theoretic Econometric) !!!! Modeling individuals What do individuals want? Modeling interactions: Games Players Strategies Information The order to move (act) Beliefs Modeling trends forces: Equilibriums The classical market equilibriums ---- Driven by price mechanism The game equilibriums ---- Driven by strategic interactions Modeling environmental changes Exogenous variables Endogenous variables The comparative statics: How do equilibriums (or decisions) change as exogenous variables change? Modeling tests: Econometrics Data Statistics Statistical inferences Efficiency means society gets the most that it can get from its scarce resources. Equity means the benefits of those resources are distributed fairly among the members of society. Thanks! * * Advanced Microeconomics All rights reserved ? 2008 by management school of UESTC Ni Debing Free Economic resources Scarce Resources people Wishes Infinite Wishes Economics is the study of how society manages its scarce resources. ---- Preferences defined on feasible choices ---- Do maximization according to their preferences ---- Do transactions How do they find their most want(s)? How do they get their most want(s)? Modeling interactions: Circular flows Markets for Goods and Services Markets for Factors of production Firms Households Revenue Spending Income Cost: Wages, rent, and profit Input output Dollars Government tax tax control Output Goods Services sold Labor, land, and capital Goods