范里安中级微观经济学知识点总结.doc
《范里安中级微观经济学知识点总结.doc》由会员分享,可在线阅读,更多相关《范里安中级微观经济学知识点总结.doc(19页珍藏版)》请在沃文网上搜索。
1、范里安中级微观经济学知识点总结I. Summaryu Marginal analysis:1:Marginal magnitudes=tangent=slope of TMTMMM0 2:Average magnitudes=tangent=slope of ray 3: Total magnitude TMMM(x*)AM(x*)x* 4: AMMMAM AMMM0By incomeuNormal goods:0 Necessary goods: 0Inferior goods:0 mX2Normal GoodX1Inferior Good O Complement goods: 0 By
2、priceGiffen goods:Ordinary goods: YXOX2X1 O Giffen GoodOrdinary Good Perfect complement:Good1Engel CurveISlope=Income offer curveGood2Good1Perfect complement Budget linesP1Demand CurvePrice offer curveGood2Good1Perfect complementGood1Budget linesBudget linesX1X2Income offer curve Perfect substitutes
3、:X1IEngel CurveSlope=Demand CurveP1Budget linesX1X2Price offer curveX1IEngel CurveSlope= Cobb-Douglas:X2X1Income offer curve Budget lines X1X2X1Budget linesP1x1Demand curveX1=Price offer curveX2Budget linesIncome offer curveX1X*IX1Engel curve Quansilinear: Price offer curveX2X1OBudget linesDemand cu
4、rvemP1X1X* u Slutsky equationThe total effect = the substitution effect + the income effect A giffen good must be an inferior goodYXFODESlutsky decomposition of Giffen goodYXA OCBSlutsky decomposition of inferior good u EndowmentYXWBetter-off by buy X sell Y worse-offas well-offbetter-off by sell X
5、buy YBudget line goes through endowment has a slope=WAYXBimposing tax on x results in the budget lines pivot around wX1X21Minimum utilityUtilityUtilityPrice offer curve with endowmentu Market demandPQ1Q1*PQ1Q2*PQ1Q1*Q1*+Q2* Horizontal summing up principleElastic demand 1Inelastic demand PThe firms p
6、rofit is zero when AC=P MC(y*)=P=MRMC(Y*)0Profit maximization Producers surplus Horizontal summing up to get market suppuy cuveEconomic rent in essence the same as producers behavior.u Monopoly and monopoly behaviorQ O 市场需求曲线 MR P P MC E P E S SMCQ Increased welfare Q Set MR (y) Imposing a tax givin
7、g a subsidy Price discrimination (market segment)Pay attention to the situation that doesnt allow market segmentfirst add up DD, then derive MR curveu Oligopoly Quantity leadership (stackelberg model)Example: p(y1+y2)=a-b(y1+y2) both firms: C=0 Price leadership:Example: D(p)=a-b*p, Firm 2 will set y
8、2=p then firm ones supply y1=a-bp-p=a- (b+1) pMaxa-(b+1)p-a-(b+1)pc Bertrand price competition: p=mc Cournot modes of puantity xompetitionExample:p(q)=a-bq both firms C=q.cEquilibrium: Cartel modelEquilibrium: Total profit= International tradeEG : Contribution of tradeGE : Contribution of specializa
9、tionB is more willing to trade The impact of tariff u ExchangeEdgeworth-Box Completive equilibrium monopoly equilibriumA is the price maker.As indifference curve tangents Bs offer curve at EE: The intersection of A and Bs offer curves. KWE represents the exchange rate1市场经济学是通过对社会现象建立模型来进行研究的,这种模型能对现
- 1.请仔细阅读文档,确保文档完整性,对于不预览、不比对内容而直接下载带来的问题本站不予受理。
- 2.下载的文档,不会出现我们的网址水印。
- 3、该文档所得收入(下载+内容+预览)归上传者、原创作者;如果您是本文档原作者,请点此认领!既往收益都归您。
下载文档到电脑,查找使用更方便
10 积分
下载 | 加入VIP,下载更划算! |
- 配套讲稿:
如PPT文件的首页显示word图标,表示该PPT已包含配套word讲稿。双击word图标可打开word文档。
- 特殊限制:
部分文档作品中含有的国旗、国徽等图片,仅作为作品整体效果示例展示,禁止商用。设计者仅对作品中独创性部分享有著作权。
- 关 键 词:
- 范里安 中级 微观经济学 知识点 总结