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