Advanced microeconomics I
Winter semester 19/20
Oct 15 Expected Utility 1: Motivation, axioms, vNM 1947 theorem
Oct 16 Expected Utility 2: EU for money, risk aversion, CARA, DARA, CRRA utility
Oct 22 Expected Utility 3: Applications of EU, Problem set due date Nov 5 classes
Oct 23 Producer 1 Production set
Oct 29 Producer 2 Profit maximization
Oct 30 Producer 3, Cost minimization and duality, Problem set
Nov 20 EU and Producer, Review
Problem set results, if you want to discuss your problem set, please write me an e-mail. Good luck with exam preparations!
Supplementary reading:
Optimization lecture notes (in Polish): read chapter 1