
Econ 50  Fall 23  Lecture 3
Modeling Production with Multivariate Functions

Econ 50  Fall 23  Lecture 2
Math Review

Econ 51 Fall 23  2  Trading from an Endowment
Building the Basis of Exchange Equilibrium

Econ 50  Fall 23  Lecture 1
Welcome to Econ 50

Econ 51 Fall 23  1  Welcome and Review of Econ 50
Welcome and Review of Econ 50

Michigan CAI Presentation

Econ 50  Spring 2023  Course Retrospective
Welcome to Econ 50

An Old Test Question
General equilibrium

Econ 50  Spring 2023  Lecture 23
General equilibrium

Econ 50  Spring 2023  Lecture 22
Relationships Between Markets

Econ 51  15  Externalities

Econ 50  Spring 2023  Lectures 20 and 21
Bringing supply and demand together

Econ 51  12  Trading from an Endowment
Building the Basis of Exchange Equilibrium

Econ 50  Spring 2023  Lecture 19
Output Supply and Labor Demand for a Competitive Firm

Econ 50  Spring 2023  Lecture 18
Profit Maximization, With and Without Market Power

Econ 50  Spring 2023  Lecture 17
Elasticity and Revenue for a Firm

Econ 50  Spring 23  Lecture 16
Characteristics of Cost Functions

Econ 50  Spring 23  Lecture 15
Production and Cost

Econ 51  Spring 23  9  BNE and Auctions
Uncertainty and Risk Aversion  Presentation

Econ 50  Spring 23  Lecture 13
Cost Minimization; Income and Substitution Effects

Econ 51  Spring 23  8  PrincipalAgent and Price Discrimination
How to design a mechanism to get someone to behave a certain way, or to reveal their true preferences

Econ 50  Spring 23  Lecture 12
Shifts in demand curves; offer curves; complements and substitutes; normal and inferior goods

Econ 50  Spring 23  Lecture 11
Demand Functions and Demand Curves

Econ 51  Spring 23  7  Incomplete Information and Risk Aversion
Uncertainty and Risk Aversion  Presentation

Econ 50  Spring 23  Lecture 10
The Consumer's Problem: Utility Maximization subject to a Budget Constraint

Econ 50  Spring 23  Lecture 8
Constrained Optimization when Calculus Doesn't Work

Econ 51  Spring 23  5  Dynamic Games and Subgame Perfection
Sequential Games of Complete & Perfect Information

Econ 50  Spring 23  Lecture 7
Constrained Optimization with Calculus

Econ 50  Spring 23  Lecture 6
Preferences and Utility Functions

Econ 51  Spring 23  4  Nash Equilibrium
Introduction to game theory; dominance and best response; Nash equilibrium

Econ 50  Spring 23  Lecture 5
Preferences and Utility Functions

Econ 51  Spring 23 3  Dominance, Best Response, and Rationalizability
The first steps to understanding strategic behavior: what will you NOT do? What, based on your beliefs about the other players' strategies, might you do?

Econ 50  Spring 23  Lecture 3
Characteristics of Production Functions

Econ 51  Spring 23  1  Welcome and Intertemporal Consumption

Econ 50  Spring 23  Lecture 2
Modeling Production with Multivariate Functions

Econ 50  Spring 23  Lecture 4
Resource Constraints and Production Possibilities

Econ 50  Spring 23  Lecture 1
Welcome to Econ 50

Econ 51  Fall 2022  15  Externalities

Econ 50  Fall 2022  15  General Equilibrium
Bringing supply and demand together

Econ 50  Fall 2022  14  Resource Allocation and the PPF
We examine the tradeoff an economy faces in allocating its resources among different goods, and how an individual would choose the allocate those resources if they were the only consumer.

Econ 51  Fall 22  12  Bayesian Nash Equilibrium and Auctions
Static Games of Incomplete Information

Econ 51  11  Probability in Games

Econ 50  Fall 2022  13  Partial Equilibrium
Bringing supply and demand together

Econ 50  Fall 2022  12  Market Demand

Econ 51  10  Game Theory II: Dynamic Games

Econ 51  9  SimultaneousMove Games
Introduction to game theory; dominance and best response; Nash equilibrium

Econ 51  Fall 2022  8  Oligopoly II

Econ 51  Fall 2022  7  Oligopoly

Econ 50  3  Preferences and Utility  Fall 22

Jet Set 2022