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Introduction to Microeconomic Theory (for pre-master VCREME)

and General Equilibrium Theory (for Pre-QEM)


Ngoc-Sang Pham
Email: pns.pham@gmail.com
Website : https://sites.google.com/site/pnspham/
June, 2015 VCREME
1 Introduction and mathematical tools
2 Consumer theory
2.1 Introduction
2.2 Preference and utility
2.3 The consumers problem
2.4 The demand function
2.5 The indirect utility function
2.6 The expenditure function
2.6 Bonus: uncertainty and inter temporal choice
3 Producer theory
3.1 Introduction
3.2 Production
3.3 Cost function
3.4. Profit maximization and the profit function
3.5 Bonus: Dynamic firms and discounted profit
4 General equilibrium theory
4.1 Pareto optimality
Edgetworth box.
4.2 Introduction, definition and examples
4.3Exchange economy
4.4 Welfare theorems
Definition, intuitions, proofs (QEM).
4.5 Economy with production
Definition and examples.
4.6 Intertemporal equilibrium (QEM)
4.7 Economy with financial market (QEM)
4.8 Applications to (international) macroeconomics (QEM)
5 Social choice (if any)
6 Game theory (if any)
Examples of Counot and Bertrand equilibria.
Definition of Nash equilibrium.
Other examples.

References
Jean-Marc Bonnisseau, Microeconomics, 2007.
Level: First year (graduate).
Jean-Marc Bonnisseau and Cuong Le Van, General Equilibrium Theory, 2009.
Level: second year (graduate).
Monique Florenzano, General equilibrium of financial markets : an introduction,
1999.
Comment: a classical paper.
Level: second year (graduate) and researchers.
Geoffrey Jehle and Philip J. Alexander Reny. Advanced microeconomic
theory. Financial Times Press, 2011.
Comment: very clear, self-contained, excellent textbook. A must-read book.
Level: Undergraduate and graduate
Andreu Mas-Colell, Michael Dennis Whinston, and Jerry R. Green. Microeconomic
theory. Oxford University Press, 1995.
Comment: a classical textbook for all. Not for beginners.
Level: graduate.