Chapter 14 + Practice exam

6 Dezembro 2022, 18:00 • Matthijs Oosterveen

We finished the final exercise of Perfect competition (Chapter 14). Next we discussed the practice exam.

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Chapter 13 (Competitive markets) and Chapter 14 (Monopoly)

29 Novembro 2022, 18:00 • Matthijs Oosterveen

Today we discussed two markets: Perfect competition (Ch 13) and Monopoly (Ch 14). This concludes the theory part of this course. Next week -- the last class -- we will discuss the final exercise and a practice exam.

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Chapter 10 (Consumer's surplus)

24 Novembro 2022, 21:30 • Matthijs Oosterveen

We finished the final exercises of Chapter 10 (Consumer's Surplus). The final part of the course we will discuss three markets: perfect competition, monopoly, and oligoly.

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Chapter 10 (Consumers' surplus)

22 Novembro 2022, 18:00 • Matthijs Oosterveen

We finished the theory part on consumers' surplus (Chapter 10): Compensating Variation, Equivalent variation, Consumer Surplus, and how CS is a special case of EV and CV when income effect is zero. 

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Chapter 8 (Choice)

17 Novembro 2022, 21:30 • Matthijs Oosterveen

We finished the exercises of Chapter 8 (Choice) and started with Consumer's surplus (Chapter 10). I introduced a standard binary utility measure of welfare, and subsequently we will discuss EV, CV and CS next week.

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