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Year 1 Undergrad Microeconomics by Mind Map: Year 1 Undergrad Microeconomics
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Year 1 Undergrad Microeconomics

Consumer Theory


Preferences can be represented as Utility functions

The Budget Constraint

Income and Substitution effects

Market Demand

Maximising Utility from a choice between work and leisure

Inter-temporal Choice

Producer Theory

Firms aim to maximise profits Profits = Revenue - Costs


Strategic Model

Non-Strategic Model

Game Theory

Strategic Games

Nash Equilibrium

Prisoner Dilemma



Public Goods and the Free-rider problem

Cournot Game

Bertrand Game

Hotelling game

Dynamic Games