{"id":568,"date":"2010-09-30T21:29:16","date_gmt":"2010-09-30T19:29:16","guid":{"rendered":"http:\/\/coin.wne.uw.edu.pl\/jhagemejer\/?page_id=568"},"modified":"2026-01-13T19:14:30","modified_gmt":"2026-01-13T17:14:30","slug":"advanced-microeconomics-2","status":"publish","type":"page","link":"http:\/\/coin.wne.uw.edu.pl\/jhagemejer\/?page_id=568","title":{"rendered":"Advanced Microeconomics"},"content":{"rendered":"<h1><strong>Time and place<\/strong><\/h1>\n<p><span style=\"color: #ff0000;\"><strong><span style=\"color: #000000;\">The course takes place in room B103, 15:00, each Wednesday.<\/span><\/strong><\/span><\/p>\n<p><span style=\"color: #000000;\"><strong>Voluntary tutorials take place at 16:45 every SECOND week, room B.<\/strong><\/span><\/p>\n<p>In the General Equilibrium part of the course, we introduce consumer and producer theory in order to provide a simple framework for further analysis of general equilibrium problems.<\/p>\n<p>During the last 2 classes, we will introduce examples in computable general equilibrium modelling.<\/p>\n<p>After some introductory material in class, you will have to complete the assignments either on your home computer or in the computer lab. Relevant software will be provided.<\/p>\n<h2>Exams<\/h2>\n<p><span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/docs.google.com\/spreadsheets\/d\/e\/2PACX-1vSJTHfJcn38SmCj34HpJOENN-WOOrLJsjtXef-_z2pgP5hMdXTsSvMPfolPp6s0NPZbuVpY5dOlYvWG\/pubhtml?gid=461340065&amp;single=true\">Midterm exam results (new 29\/12\/2025)<\/a><\/span><\/p>\n<p>The midterm exam retake is going to take place in January. Exact time to be determined.<\/p>\n<p>The final exam takes place in the winter examination session.<\/p>\n<h3>Computer labs<\/h3>\n<p>Computer labs&#8217; time and place will be established later in the semester. Usually, we meet in the computer labs for the last two classes.<\/p>\n<h2>Schedule and course materials<\/h2>\n<p>Tentative schedule until the end of 2025\/2026 winter semester:<\/p>\n<p><iframe loading=\"lazy\" src=\"https:\/\/docs.google.com\/spreadsheets\/d\/e\/2PACX-1vT9NUKY6Pr0iWQK4JUuGtnTPiPstff6hqFbF4ju5S0Iu1jPm8i3EIyBNLcUjrip00aopRLlwsc2nPLz\/pubhtml?gid=0&amp;single=true&amp;widget=false&amp;headers=false\" width=\"650px\" height=\"270px\"><\/iframe><\/p>\n<div id=\"_mcePaste\">\n<ol>\n<li><a href=\"https:\/\/www.dropbox.com\/s\/7hk5kimpwrb87eu\/Intro.pdf?dl=1\">Introduction<span style=\"color: #ff0000;\">\u00a0<\/span><\/a>\n<ul>\n<li>Read Chapter 1-2, MWG<\/li>\n<li><a href=\"https:\/\/www.dropbox.com\/scl\/fi\/4gxc6jpy2a4h6vfo2gacn\/tutorial1_Slides.pdf?rlkey=yso49rwwqqwfgmtg5yimb05if&amp;dl=1\">Notes for the tutorial<\/a><\/li>\n<li><a href=\"https:\/\/coin.wne.uw.edu.pl\/jhagemejer\/wp-content\/uploads\/quasilinear.pdf\">Example of quasi-linear preferences<\/a><\/li>\n<\/ul>\n<\/li>\n<li><a href=\"https:\/\/www.dropbox.com\/s\/nyky56qanbasw85\/lecture1_consumer.pdf?dl=1\">Consumer theory &#8211; part 1<\/a><\/li>\n<li><a href=\"https:\/\/www.dropbox.com\/s\/wyisxbev3gdcy5d\/lecture2_consumer.pdf?dl=0\">Consumer theory &#8211; part 2\u00a0<\/a>\n<ul>\n<li>Read Chapter 3, MWG<\/li>\n<li>Note: for more intuition, consult chapters 2-6 in Varian, Intermediate Microeconomics, 7th edition. In particular, pay attention to the mathematical appendices.<\/li>\n<li><a href=\"http:\/\/coin.wne.uw.edu.pl\/jhagemejer\/wp-content\/uploads\/utility.zip\">A small GAMS program to compute demands from utility functions. <\/a>You can get GAMS from <a href=\"http:\/\/d37drm4t2jghv5.cloudfront.net\/distributions\/23.7.3\/windows\/windows_x86_32.exe\">here<\/a>. To open the file &#8211; download GAMS, install it, run GAMSIDE or GAMS Studio and open it in it. You can then find a &#8220;run&#8221; button and press it to run the program.<\/li>\n<li><a href=\"http:\/\/coin.wne.uw.edu.pl\/jhagemejer\/wp-content\/uploads\/utility_mcp.zip\">The example of perfect substitutes with corner solutions in GAMS<\/a><\/li>\n<li><a href=\"http:\/\/coin.wne.uw.edu.pl\/jhagemejer\/wp-content\/uploads\/homework1.pdf\">Problem set 1<\/a><\/li>\n<li><a href=\"https:\/\/www.dropbox.com\/s\/yf5plicefgdfokr\/ces.pdf?dl=1\">Solution to the CES problem<\/a><\/li>\n<li><a href=\"https:\/\/www.dropbox.com\/scl\/fi\/847g2hcmmi5awzlls6yyz\/hw1_answers.pdf?rlkey=grx24g7s03a2frih9vaormypb&amp;dl=1\">Solutions to selected problems from PS1 (new!)<\/a><\/li>\n<li><a href=\"http:\/\/coin.wne.uw.edu.pl\/jhagemejer\/wp-content\/uploads\/2012_micro_GAMS2.pdf\">Presentation about GAMS\u00a0<\/a><\/li>\n<li><a href=\"https:\/\/www.dropbox.com\/s\/7w4fy2wr6oa0qp3\/expenditure.pdf?dl=1\">Some of the duality proofs<\/a><\/li>\n<li><a href=\"https:\/\/drive.google.com\/drive\/folders\/1w5LhddWI4DOsxemJWcziYPh9gQnJFb1y?usp=sharing\">Recording from the 6th of November class<\/a><\/li>\n<\/ul>\n<\/li>\n<li><a href=\"https:\/\/www.dropbox.com\/s\/esddjr63a46evgi\/lecture3_welfare.pdf?dl=1\">Welfare analysis and aggregation<\/a><span style=\"color: #000000;\">\u00a0<\/span>\n<ol>\n<li>Read Chapter 3.I MWG and Chapter 4.A MWG (Chapter 14 in the &#8220;Intermediate&#8221; Varian)<\/li>\n<\/ol>\n<\/li>\n<li><a href=\"https:\/\/www.dropbox.com\/s\/8x4pdx5msvmczjp\/lecture4_production.pdf?dl=1\">Production sets and production functions<\/a>\n<ul>\n<li>Chapter 5.A and 5.B MWG, chapter 18 in the &#8220;Intermediate Varian&#8221;.<\/li>\n<li><a href=\"http:\/\/coin.wne.uw.edu.pl\/jhagemejer\/wp-content\/uploads\/2011_CD_versus_CES.xlsx\">CES vs. Cobb-Douglas: change rho.<\/a> An example in Excel.<\/li>\n<\/ul>\n<\/li>\n<li><a href=\"https:\/\/www.dropbox.com\/s\/3v2y4v140d5sel1\/lecture5_profit.pdf?dl=1\">Profit maximisation and cost minimisation<\/a>\n<ul>\n<li><a href=\"https:\/\/www.dropbox.com\/s\/tjgmywao42eyrn8\/lecture5_cd_2020.pdf?dl=1\">Example<\/a>&#8211; Cobb-Douglas cost function derivation and calibration.<\/li>\n<li>Readings: \u00a0MWG: Chapter 5.C and 5.D (Chapters 19-22 in the &#8220;Intermediate&#8221; Varian, Chapters 4-6 in &#8220;Graduate&#8221; Varian).<\/li>\n<li><a href=\"https:\/\/drive.google.com\/file\/d\/19TQzCqvsEotnihTJFVi3Vy2bRnGTtBH8\/view?usp=sharing\">Recording from class (profit maximisation)<\/a><\/li>\n<li><a href=\"http:\/\/coin.wne.uw.edu.pl\/jhagemejer\/wp-content\/uploads\/2011_micro_homework2.pdf\">Problem set 2<\/a><\/li>\n<li><a href=\"https:\/\/www.dropbox.com\/s\/rih5fbyues2wlq2\/ces_prod.pdf?dl=1\">CES cost minimisation<\/a><br \/>\n&#8212;- The above material will be required on the midterm exam<\/li>\n<\/ul>\n<\/li>\n<li><a href=\"https:\/\/www.dropbox.com\/s\/n6esdhw036c9kdq\/lecture6_exchange.pdf?dl=1\">Pure exchange economies<\/a>\n<ul>\n<li><span style=\"color: #000000;\">Readings MWG, chapter 15B, &#8220;Graduate&#8221; Varian: Chapter 17, <\/span>&#8220;Intermediate&#8221; Varian, Chapter 31<\/li>\n<\/ul>\n<\/li>\n<li>\u00a0<a href=\"https:\/\/www.dropbox.com\/s\/0wma3gzyzo4gezj\/lecture7_production.pdf?dl=1\">Robinson-Crusoe economy<\/a>\n<ul>\n<li><span style=\"color: #000000;\">Readings MWG, chapter 15C, &#8220;Graduate&#8221; Varian: Chapter 18, <\/span>&#8220;Intermediate&#8221; Varian, Chapter 32<\/li>\n<\/ul>\n<\/li>\n<li>\u00a0<a href=\"https:\/\/www.dropbox.com\/s\/o0alo12ecwt4b5p\/lecture8_SOE.pdf?dl=1\">Small open economy<\/a>\n<ul>\n<li><span style=\"color: #000000;\">Readings MWG, chapter 15D, &#8220;Graduate&#8221; Varian: Chapter 18, <\/span>&#8220;Intermediate&#8221; Varian, Chapter 32<\/li>\n<li><a href=\"https:\/\/www.dropbox.com\/s\/u24e7gyxu9b1a32\/lecture8_SOE_example.pdf?dl=1\">Example<\/a><\/li>\n<li>An \u00a0SOE Example &#8211; <a href=\"https:\/\/www.dropbox.com\/s\/0a24m9ha3wh3924\/SOE_CD_example_prez.pdf?dl=1\">Presentation <\/a>| <a href=\"http:\/\/coin.wne.uw.edu.pl\/jhagemejer\/wp-content\/uploads\/SOE_CD_example.pdf\">Derivations with more details<\/a><\/li>\n<li><a href=\"http:\/\/coin.wne.uw.edu.pl\/jhagemejer\/wp-content\/uploads\/homework3-1.pdf\">Problem set 3<\/a><\/li>\n<\/ul>\n<\/li>\n<li><span style=\"color: #c0c0c0;\"><span style=\"color: #000000;\">\u00a0<\/span><a href=\"https:\/\/www.dropbox.com\/s\/kqggzsy86s2f5z6\/lec_9_generalmodel.pdf?dl=1\">The general model<\/a>\u00a0<\/span>\n<ul>\n<li>Readings MWG, chapter 16<span style=\"color: #000000;\">, &#8220;Graduate&#8221; Varian: Chapter 18, <\/span>&#8220;Intermediate&#8221; Varian, Chapter 32<\/li>\n<li><a href=\"https:\/\/www.dropbox.com\/s\/2xmvi9pc8hy6zij\/2x2_CD_example_prez.pdf?dl=1\">A 2&#215;2 example to be discussed in the help session.<\/a><\/li>\n<li><a href=\"http:\/\/coin.wne.uw.edu.pl\/jhagemejer\/wp-content\/uploads\/2_country_model.zip\">A full-fledged &#8220;world-economy&#8221; model<\/a><\/li>\n<\/ul>\n<\/li>\n<li>\u00a0<a href=\"https:\/\/www.dropbox.com\/s\/oi1tnugu6we1xwt\/lec8_cge.pdf?dl=1\">Computable general equilibrium &#8211; Introduction<\/a><\/li>\n<li>Computer classes.\n<ol>\n<li><a href=\"https:\/\/coin.wne.uw.edu.pl\/jhagemejer\/wp-content\/uploads\/lab_exc.pdf\">Instructions\u00a0for labs<\/a><\/li>\n<li><a href=\"https:\/\/coin.wne.uw.edu.pl\/jhagemejer\/wp-content\/uploads\/labs_codes.zip\">Codes for labs<\/a><\/li>\n<li><a href=\"https:\/\/coin.wne.uw.edu.pl\/jhagemejer\/wp-content\/uploads\/SAM.xlsx\">Social Accounting Matrix <\/a>for a closed economy<\/li>\n<li><a href=\"http:\/\/www-personal.umich.edu\/~alandear\/glossary\/figs\/Lerner\/ld.html\">Prof. A. Deardorff&#8217;s Page explaining the SOE results<\/a><\/li>\n<li><a href=\"https:\/\/www.gams.com\/latest\/docs\/UG_DataExchange_Excel.html\">GAMS Excel interface<\/a><\/li>\n<li>Download GAMS from www.gams.com (license sent by email).<\/li>\n<\/ol>\n<\/li>\n<\/ol>\n<p>&nbsp;<\/p>\n<p>&#8212;- The material above (1-4) will be required on the final exam<\/p>\n<h1>News<\/h1>\n\n\n<ul class=\"get_posts_class\">\n  <li><span class=\"class1\"><a href=\"http:\/\/coin.wne.uw.edu.pl\/jhagemejer\/?p=2975\">Advanced Micro: midterm retake results<\/a><\/span><\/li>\n  <li><span class=\"class1\"><a href=\"http:\/\/coin.wne.uw.edu.pl\/jhagemejer\/?p=2961\">Advanced Micro: midterm exam results<\/a><\/span><\/li>\n  <li><span class=\"class1\"><a href=\"http:\/\/coin.wne.uw.edu.pl\/jhagemejer\/?p=2818\">Advanced Micro: midterm retake results<\/a><\/span><\/li>\n<\/ul>\n<p><strong>Textbooks:<\/strong><\/p>\n<ul>\n<li>(MWG) Mas-Colell, A., M. D. Whinston, J. R. Green, Microeconomic Theory, Oxford University Press, 1995<\/li>\n<li>(&#8220;Graduate&#8221; Varian) Varian, H. R., Microeconomic Analysis, W. W. Norton &amp; Co., ed. 3&#8242;<\/li>\n<li>(&#8220;Intermediate&#8221; Varian) Varian, H. R., Intermediate Microeconomics, ed. 7<\/li>\n<\/ul>\n<h1>Course rules<\/h1>\n<ol>\n<li>In order to complete my part of the course students need to collect at least 50% combined points from the two following components:\n<ul>\n<li>part-exams\u00a0 (midterm and final &#8211; weighted 90%);<\/li>\n<li>computer assignments (10%).<\/li>\n<\/ul>\n<\/li>\n<li>Part-exams are written exams to be taken by all students at the same time (only one date for everyone).<\/li>\n<li>There will be only one possibility to retake any of the failed part-exams. This will be organized for all students at the same time.<\/li>\n<li>Absence from any of the exams is equivalent to failing it.<\/li>\n<li>There will be no other possibilities of completing the course.<\/li>\n<li>\u2018ZERO tolerance for cheating\u2019.<\/li>\n<\/ol>\n<h1><span style=\"font-weight: normal; font-size: 13px;\">\u00a0<\/span>Comments and FAQ&#8217;s<\/h1>\n<p>Now you can post comments directly from the website.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Time and place The course takes place in room B103, 15:00, each Wednesday. Voluntary tutorials take place at 16:45 every&hellip; <\/p>\n","protected":false},"author":1,"featured_media":0,"parent":10,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-568","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"http:\/\/coin.wne.uw.edu.pl\/jhagemejer\/index.php?rest_route=\/wp\/v2\/pages\/568","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/coin.wne.uw.edu.pl\/jhagemejer\/index.php?rest_route=\/wp\/v2\/pages"}],"about":[{"href":"http:\/\/coin.wne.uw.edu.pl\/jhagemejer\/index.php?rest_route=\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"http:\/\/coin.wne.uw.edu.pl\/jhagemejer\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/coin.wne.uw.edu.pl\/jhagemejer\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=568"}],"version-history":[{"count":425,"href":"http:\/\/coin.wne.uw.edu.pl\/jhagemejer\/index.php?rest_route=\/wp\/v2\/pages\/568\/revisions"}],"predecessor-version":[{"id":3497,"href":"http:\/\/coin.wne.uw.edu.pl\/jhagemejer\/index.php?rest_route=\/wp\/v2\/pages\/568\/revisions\/3497"}],"up":[{"embeddable":true,"href":"http:\/\/coin.wne.uw.edu.pl\/jhagemejer\/index.php?rest_route=\/wp\/v2\/pages\/10"}],"wp:attachment":[{"href":"http:\/\/coin.wne.uw.edu.pl\/jhagemejer\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=568"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}