Microeconomics introduction


This course introduces the elementary methods and concepts used in formalising economic behaviour and the operation of markets.



  1. Modelling individual decisions
  2. Consumer theory– Consumer demand behaviour. From preferences to consumer choice. Rationalising choice with preferences.
  3. Normative welfare analysis
  4. Applications– The labour market. The credit market
  5. Producer theory– Description of the firm in the neoclassical approach. Choice of production factors. Behaviour of the firm. Determinants of investment.
  6. Partial equilibrium
  7. General equilibrium– The Von Neumann-Morgenstern theorem. General equilibrium with two agents, introduction to welfare theorems
  8. The uncertain and the intertemporal
  9. Imperfect competition – Monopoly, Oligopoly (Cournot competition, Bertrand competition) 
  10. Regular economies: a few results


Picard, P. (1994), Eléments de microéconomie : théorie et applications. Paris : Montchrestien, 587 p. Domat économie. ISBN 2-7076-0611-1. [63 PIC 00 A]Jullien, B., Picard, P. (1994), Eléments de microéconomie : exercices et corrigés. Paris : Montchrestien. 415 p. Domat économie. ISBN 2-7076-0623-5. [63 PIC 00 B]Mas-colell, A., Whinston, M.D., Green, J.R. (1995), Microeconomic theory. London ; New York : Oxford university press. ISBN 0-19-510268-1 [63 MAS 00 A]