
Econ 50  Fall 23  Course Retrospective
Welcome to Econ 50

Econ 50  Fall 23  Lecture 25
The Long Run

Econ 51  18  Price Discrimination and Revealed Preference
Designing mechanisms to reveal preferences

Econ 51  17  Moral Hazard and Adverse Selection
How to design a mechanism to get someone to behave a certain way, or to reveal their true preferences

Econ 50  Fall 23  Lecture 24
General equilibrium

Econ 50  Fall 23  Lecture 23
Relationships Between Markets

Econ 51  16  Dynamic Games of Incomplete Information
Perfect Bayesian Equilibrium and Signaling Models

Econ 51  15  Static Games of Incomplete Information
Uncertainty and Risk Aversion  Presentation

Econ 50  Fall 23  Lecture 22
Welfare Analysis of Equilibrium

Econ 50  Fall 23  Lecture 21
Bringing supply and demand together

Econ 51  14  Repeated Games
Sequential Games of Complete and Perfect Information

Econ 50  Fall 23  Lecture 20
Market Demand and Supply; Review

Econ 51  13  Dynamic Games and Subgame Perfection
Sequential Games of Complete and Perfect Information

Econ 50  Fall 23  Lecture 19
Output Supply and Labor Demand for a Competitive Firm

Econ 50  Fall 23  Lecture 18
Profit Maximization, With and Without Market Power

Econ 50  Fall 23  Lecture 17
Elasticity and Revenue for a Firm

Econ 50  Fall 23  Lecture 16
Production and Cost for a Firm

Econ 51  12  Oligopoly
Cournot duopoly and other applications of Nash equilibrium

Econ 51  11  Nash Equilibrium
Nash equilibrium in pure and mixed strategies

Econ 50  Fall 23  Lecture 15
Review of Consumer Theory

Econ 51  10  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  Fall 23  Lecture 13
Cost Minimization; Income and Substitution Effects

Econ 51  9  Introduction to Game Theory
Notation and definitions

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

Econ 50  Fall 23  Lecture 11
Demand Functions and Demand Curves

Econ 51  8  Public Goods

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

Econ 51  7  Externalities

Econ 50  Fall 23  Lecture 9
Constrained Optimization when Calculus Doesn't Work

Econ 50  Spring 23  Lecture 8
Constrained Optimization with Calculus

Econ 50  Fall 23  Lecture 7
Characteristics of Utility Functions

Econ 50  Fall 23  Lecture 6
Preferences and Utility Functions

Econ 50  Fall 23  Lecture 5
Resource Constraints and Production Possibilities

Econ 51  4  Uncertainty and Risk
Uncertainty and Risk Aversion

Econ 50  Fall 23  Lecture 4
Characteristics of Production Functions

Econ 51  Fall 23  3  Intertemporal Choice
We apply the framework of consumer choice theory to the choice of how to allocation money across time, investigating saving and borrowing.

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