Advanced Microeconomic Theory

PREFACE

PART 1: ECONOMIC AGENTS

CHAPTER 1: CONSUMER THEORY

1.1 Primitive Notions

1.2 Preferences and Utility

1.2.1 Preference Relations

1.2.2 The Utility Function

1.3 The Consumer's Problem

1.4 Indirect Utility and Expenditure

1.4.1 The Indirect Utility Function

1.4.2 The Expenditure Function

1.4.3 Relations Between the Two

1.5 Properties of Consumer Demand

1.5.1 Relative Prices and Real Income

1.5.2 Income and Substitution Effects

1.5.3 Some Elasticity Relations

1.6 Exercises

CHAPTER 2: TOPICS IN CONSUMER THEORY

2.1 Duality: A Closer Look

2.1.1 Expenditure and Consumer Preferences

2.1.2 Convexity and Monotonicity

2.1.3 Indirect Utility and Consumer Preferences

2.2 Integrability

2.3 Revealed Preference

2.4 Uncertainty

2.4.1 Preferences

2.4.2 Von Neumann-Morgenstern Utility

2.4.3 Risk Aversion

2.5 Exercises

CHAPTER 3: THEORY OF THE FIRM

3.1 Primitive Notions

3.2 Production

3.2.1 Returns to Scale and Varying Proportions

3.3 Cost

3.4 Duality in Production

3.5 The Competitive Firm

3.5.1 Profit Maximisation

3.5.2 The Profit Function

3.6 Exercises

PART 2: MARKETS AND WELFARE

CHAPTER 4: PARTIAL EQUALIBRIUM

4.1 Perfect Competition

4.2 Imperfect Competition

4.2.1 Cournot Oligopoly

4.2.2 Bertrand Oligopoly

4.2.3 Monopolistic Competition

4.3 Equilibrium and Welfare

4.3.1 Price and Individual Welfare

4.3.2 Efficiency of the Competitive Outcome

4.3.3 Efficiency and Total Surplus Maximisation

4.4 Exercises

CHAPTER 5: GENERAL EQUALIBRIUM

5.1 Equilibrium in Exchange

5.2 Equilibrium in Competitive Market Systems

5.2.1 Existence of Equilibrium

5.2.2 Efficiency

5.3 Equilibrium in Production

5.3.1 Producers

5.3.2 Consumers

5.3.3 Equilibrium

5.3.4 Welfare

5.4 Contingent Plans

5.4.1 Time

5.4.2 Uncertainty

5.4.3 Walrasian Equilibrium with Contingent Commodities

5.5 Core and Equilibria

5.5.1 Replica Economies

5.6 Exercises

CHAPTER 6: SOCIAL CHOICE AND WELFARE

6.1 The Nature of the Problem

6.2 Social Cho...