tailieunhanh - Lecture Microeconomics: Chapter 16 - Besanko, Braeutigam

Lecture Microeconomics (5th edition): Chapter 16 - General equilibrium theory. This chapter presents the following content: General equilibrium – Analysis I, efficiency and perfect competition, general equilibrium – Analysis II. | Chapter 16 General Equilibrium Theory Copyright c 2014 John 1 Chapter Sixteen Overview 1. General Equilibrium - Analysis I Partial Equilibrium Bias 3. Efficiency and Perfect Competition 5. General Equilibrium - Analysis II The Efficiency if Competition The Edgeworth Box Analysis of Allocation A Pure Exchange Economy Analysis of Production Copyright c 2014 John Chapter Sixteen ffl ỊỊỊỊIS 2 Partial vs. General Equilibrium If there are spillover effects from one market to another then the effects of a change in one market on the economy must be analyzed by examining its effect on all markets Copyright c 2014 John I tf Chapter Sixteen H EIB

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