MICROECONOMICS

Don't just memorize the models—learn how to solve them. This document provides worked-out examples for the most common market structure problems found in Intermediate Microeconomics exams. What’s Inside: - Monopoly: Maximization, calculating Deadweight Loss (DWL), and profit. - Price Discrimination: Third-Degree optimization (Market Segmentation). - Oligopoly Models: Detailed math for Cournot (simultaneous), Stackelberg (sequential), and Cartel (collusion) outcomes. - Comparison: C...

The ultimate quick-reference guide for Market Structures. This cheat sheet condenses Varian’s key formulas and definitions into an easy-to-read format. Perfect for last-minute revision before a test. Key Topics Covered: - Monopoly: Inverse Elasticity Rule and Markup Pricing. - Price Discrimination: 1st, 2nd, and 3rd Degree rules. - Oligopoly: Reaction functions and equilibrium conditions for Cournot, Stackelberg, and Bertrand. - Monopolistic Competition: Short-run vs. Long-run condition...

A comprehensive theoretical guide covering the "Information and Externalities" modules of Intermediate Microeconomics. This study guide explains the concepts behind the math, ensuring you understand the "why" and "how" of market failures. Chapters Included: - Uncertainty: Expected Utility Theory and Risk Attitudes. - Asset Pricing: Risky Assets and CAPM. - Externalities: Inefficiency of competitive equilibrium, Coase Theorem, and Tragedy of the Commons. - Public Goods: F...

Struggling with the math behind Uncertainty and Externalities? This document contains detailed, step-by-step solutions to complex microeconomic problems based on Hal Varian’s approach. It is perfect for exam preparation and understanding the logic behind the formulas. What’s Inside: - Uncertainty: Calculating Expected Value (EV), Expected Utility (EU), Certainty Equivalent (CE), and Risk Premium. - Externalities: Solving for Private vs. Social Optima and calculating Pigouvian Taxes. - ...

A concise summary of the most technical topics in Intermediate Microeconomics. This cheat sheet gives you the essential formulas and conditions needed to solve problems regarding risk and market failures. Key Topics Covered: - Uncertainty: Risk Aversion properties, EV vs. EU. - Externalities: Social Marginal Cost (SMC) and Pigouvian Tax formulas. - Public Goods: The Samuelson Condition ($MRS = MRT$). - Asset Pricing: CAPM Formula and Systemic Risk. - Asymmetric Info: Adverse Selection, M...

Master the theory of strategic interaction. This guide covers everything from basic Game Theory setups to advanced Behavioral Economics concepts, bridging the gap between standard theory and psychological reality. Chapters Included: - Strategic Behavior: Nash Equilibrium, Mixed Strategies, and Prisoner's Dilemma analysis. - Sequential Games: Game trees, commitment devices, and credible threats. - Behavioral Economics: Framing effects, Probability biases, and Social Norms (Ultimatum Game...

Learn how to solve Game Theory problems with confidence. This guide provides clear, calculated solutions for strategic interactions, moving from basic payoff matrices to complex behavioral models. Ideal for Intermediate Microeconomics students. What’s Inside: - Nash Equilibrium: Finding Pure Strategies and Dominant Strategies in payoff matrices. - Mixed Strategies: Step-by-step calculation of probabilities (e.g., Penalty Kick Game). - Sequential Games: Using Backward Induction to find Su...

Quickly review the essential concepts of Game Theory and Behavioral Economics. This summary guide helps you memorize definitions and understand the structure of strategic games without getting lost in the details. Key Topics Covered: - Game Basics: Normal Form vs. Extensive Form, Dominant Strategies. - Equilibria: Nash Equilibrium and Subgame Perfect NE. - Classic Games: Prisoner's Dilemma, Battle of the Sexes. - Behavioral Biases: Loss Aversion, Endowment Effect, Sunk Cost Fallacy, an...

A complete theoretical breakdown of Consumer Choice. This guide explains the logic behind the budget constraints, preferences, and demand functions, making it the perfect companion for reviewing chapters 2 through 8 of Varian. Chapters Included: - The Budget Constraint: Slopes, opportunities, and the Numeraire. - Preferences & Utility: Axioms of rationality, Indifference Curves, and MRS. - Optimal Choice: Tangency conditions for Interior and Corner solutions. - Demand Analysis: Normal vs....

Struggling with the math in Microeconomics? This document provides detailed, step-by-step solutions for the most common Consumer Theory exam questions. Based on Varian's approach, it covers utility maximization and demand analysis. What’s Inside: - Optimization: Solving for optimal bundles using Cobb-Douglas , Perfect Complements , and Perfect Substitutes. - The Slutsky Equation: A complete decomposition of Income and Substitution effects. - Utility Checks: How to verify if a consumer...