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Documents Lecture Notes Nov 26 2008 Econ610 Fall2008

Lecture Notes on Microeconomic Theory ∗ Takashi Kunimoto† Department of Economics McGill University First Version: December 2005 This Version: March 25, 2009 Abstract.…

Documents 51-122

Welfare Change and Price Indices Change in the price of one good Suppose 1P increases from 0 1 1 1 to P P , other prices remaining constant. How much compensation is needed…

Documents Expected Utility Lecture I. Basic Utility A typical economic axiom is that economic agents...

Expected Utility Lecture I Basic Utility A typical economic axiom is that economic agents (consumers, producers, etc.) behave in a way that maximizes their expected utility.…

Documents The Marshallian, Hicksian and Slutsky Demand Curves Graphical Derivation.

The Marshallian, Hicksian and Slutsky Demand Curves Graphical Derivation In this part of the diagram we have drawn the choice between x on the horizontal axis and y on the…

Documents Lecture Notes on Microeconomic Theory - Nolan Millers (Havard)

Notes on Microeconomic Theory Nolan H. Miller August 18, 2006 Contents 1 The Economic Approach 2 Consumer Theory Basics 2.1 2.2 2.3 2.4 Commodities and Budget Sets . . .…