Microeconomics

Microeconomics

1. Thinking like an Economist

   • Market for Lemons
   • The Prisoner's Dilemma
   • Ice cream wars
   • Demand without a market
   • Scarcity
     • Opportunity Cost
     • The Cost-Benefit approach
       • If B(x)>C(x), do x; otherwise don't.
       • Reservation Price

2. Supply and Demand

3. Rational Consumer Choice

4. Individual and Market Demand

5. Application of Rational Choice and Demand Theories

6. Choice Under Uncertainty and the Economics of Information

7. The Importance of Altruism and other Non-Egoistic Behavior

8. Cognitive limitations and Human Behavior