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an introduction of basic knowledge, Lecture notes of Microeconomics

Briefly introduce what is economic, why we need it

Typology: Lecture notes

2021/2022

Uploaded on 11/09/2022

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Microeconomics BEEM101
Pauline Vorjohann
University of Exeter
Introduction
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Microeconomics BEEM101 Pauline Vorjohann

University of Exeter Introduction

About me About me About you Housekeeping Microeconomics Models

Pauline Vorjohannp.l.vorjohann@exeter.ac.uk Lecturer at UoE since 2021

PhD in Berlin Research focus: Behavioural Economics & Micro Theory Teaching: Behavioural Finance (BEEM157)

About me About you About you Housekeeping Microeconomics Models

Who is new to Exeter? Who is new to the UK?

About me About you About you Housekeeping Microeconomics Models

Who is new to Exeter? Who is new to the UK? Who is/was an economics student?

About me About you About you Housekeeping Microeconomics Models

Who is new to Exeter? Who is new to the UK? Who is/was an economics student?

Who has taken a microeconomics class before? Who knows how to solve a constrained utility maximization problemusing the lagrange method?

About me About you About you Housekeeping Microeconomics Models

Who is new to Exeter? Who is new to the UK? Who is/was an economics student?

Who has taken a microeconomics class before? Who knows how to solve a constrained utility maximization problemusing the lagrange method? Who has already participated in an economics laboratory experiment?

About me Housekeeping About you Housekeeping Microeconomics Models

Lectures: ▶ ▶ Wedneday 14:35-15:25 Amory B105Thursday 14:35-15:25 Amory B

About me Housekeeping About you Housekeeping Microeconomics Models

Lectures: Tutorials: Fortnightly, starting next week ▶ ▶ Wedneday 14:35-15:25 Amory B105Thursday 14:35-15:25 Amory B

▶ Thursday 12:35-13:25 Amory B

About me Housekeeping About you Housekeeping Microeconomics Models

Lectures: Tutorials: Fortnightly, starting next week ▶ ▶ Wedneday 14:35-15:25 Amory B105Thursday 14:35-15:25 Amory B

ELE page:^ ▶ ▶ ▶^ Thursday 12:35-13:25 Amory B105Module informationLecture slides and problem sets

Summative assessment^ ▶^ ▶^ ▶^ Lecture recordingsMock examsDiscussion forum

▶ ▶ Mid term exam in reading week (40%)Final exam (60%) 5 / 11

About me Reading list About you Housekeeping Microeconomics Models

Relevant chapters will be announced on ELE! Osborne & Rubinstein: Models in Microeconomic Theory (online) Varian: Intermediate Microeconomics

About me What this module is about About you Housekeeping Microeconomics Models

Microeconomicsdecisions regarding the allocation of scarce resources and the interactionsamong these individuals and firms.” “studies the behavior of individuals and firms in making

1 Individuals/consumers ▶ ▶ PreferencesUtility and constrained optimization

About me What this module is about About you Housekeeping Microeconomics Models

Microeconomicsdecisions regarding the allocation of scarce resources and the interactionsamong these individuals and firms.” “studies the behavior of individuals and firms in making

12 Individuals/consumersFirms/producers: ▶ ▶ PreferencesUtility and constrained optimization

▶ ▶ Profit maximizationCompetition (perfect vs. monopoly)

About me How do we approach these topics? - Models! Model: A simplified theoretical description that captures the essentials of About you Housekeeping Microeconomics Models

its underlying object of interest.

About me How do we approach these topics? - Models! Model: A simplified theoretical description that captures the essentials of About you Housekeeping Microeconomics Models

its underlying object of interest.