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General Equilibrium and Welfare Economics PDF

13 Pages·2012·English
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by ['Jorge Rojas-Vallejos']| 2012| 13 pages| English

About General Equilibrium and Welfare Economics

The document contains lecture notes on microeconomic theory II. It covers several topics: - General equilibrium theory, including the definition of Walrasian equilibrium and proofs of its existence using fixed point theorems and continuity of excess demand functions. - The Jones model of input-output analysis and magnification effects. - Welfare economics, including the first and second theorems of welfare economics. - Public goods, externalities, and their implications for competitive markets. - Other practical themes like intertemporal choice, Robinson Crusoe economies, and the Fisher separation theorem. The notes provide formal definitions and proofs of key concepts in microeconomic theory at an advanced level.

Detailed Information

Author:['Jorge Rojas-Vallejos']
Publication Year:2012
Pages:13
Language:English
Format:PDF
Price:FREE
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