MICRO ECONOMIC BUSINESS STUDIES

Catalog description

In the first part of the course the basic conceptual tools for the study of decision -making, in uncertain conditions, will be develop. We will study the preferences and risk attitude of the decision maker and the relations with these elements in the utili ty maximization effect. In the second part of the course the traditional techniques of linear programming to determine the solutions in maximization or minimization problems, will be considered. We will focus in the interpretation of solutions (basic and general) and the existence of both. The third part of the course will cover basic notions of game theory. We will develop equilibrium concepts and study its applicability.