The 4th lecture, to be held on April 15, 2-5pm, will be devoted to producer theory. The same optimization approach as in consumer theory will be applied to what we call "neoclassical firms."
I will mention very quickly common results (profit optimization and cost minimization), and spend more time on what we didn't do in consumer theory (comparative statics with calculus) and issues specific to firms (short-run and long- run). Please read MWG 5.B-D. Varian Ch 1-6 are also useful. If you have more time, you can take a look of Separation Hyperplane Theorem (MWG M.G.2).
Slides are here.
Suggested exercises are here.
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