Price of good 1 is decreased. Slutsky decomposition. (Image by Prof. Sergei Izmalkov.)
This course focuses on the following topics: basic theory of consumer behavior; production and costs; partial equilibrium analysis of pricing in competitive and monopolistic markets; general equilibrium; welfare; and externalities. It is recommended for students planning to apply to graduate school in economics, accounting, or finance.
For any use or distribution of these materials, please cite as follows:
Sergei Izmalkov, course materials for 14.04 Intermediate Microeconomic Theory, Fall 2006. MIT OpenCourseWare (http://ocw.mit.edu/), Massachusetts Institute of Technology. Downloaded on [DD Month YYYY].
*Some translations represent previous versions of courses.