Introduction to the problems of Microeconomics: rationality, strategies and institutions;
Market Economy: the supply and demand of goods and the notion of competitive equilibrium;
The theory of consumer choices;
The budget constraint: construction and variations due to changes in asset prices;
Consumer preferences. Trade-off between goods;
The optimal choice;
Representation of preferences via utility functions. Ordinary and cardinal utility. The maximum method;
Choices in conditions of uncertainty;
Individual demand: effects of price and income changes on consumer choice
Consumer response to price changes: normal, lower and Giffen goods;
Market demand and the concept of elasticity of demand compared to price;
Insights on the theory of demand
Firm theory: short and long term production function;
Marginal rate of technical substitution, scale returns;
The costs: short and long term;
The geometry of costs;
Mathematical treatment of cost theory;
Perfect competition and the principle of the maximum;
Perfect balance of competition and the elasticity of supply;
The consumer surplus and that of the producer
General economic equilibrium: the Edgeworth box;
Efficiency and welfare theorems;
Pareto criterion and partial orders
Theory of Choices as dual to the approach via preferences to consumer selection.