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General Equilibrium Theory: Getting Acquainted | |
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Concept and history of general equilibrium theory | |
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An elementary general equilibrium model - the Robinson Crusoe economy | |
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The Edgeworth box | |
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Integrating production and multiple consumption decisions: a 2 x 2 x 2 model | |
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Existence of general equilibrium in an economy with an excess demand function | |
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Mathematics | |
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Logic and set theory | |
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RN: real N-dimensional Euclidean space | |
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Convex sets, separation theorems, and non-convex sets in RN | |
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The Brouwer fixed point theorem | |
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An Economy with Bounded Production Technology, Supply and Demand Functions | |
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Markets, prices, commodities, and mathematical economic theory | |
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Production with bounded firm technology | |
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Households | |
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A market economy | |
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General equilibrium of the market economy with an excess demand function | |
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An Economy with Unbounded Production Technology, Supply and Demand Functions | |
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Theory of production: the unbounded technology case | |
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Households: the unbounded technology case | |
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A market economy: the unbounded technology case | |
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General equilibrium of the market economy: the unbounded technology case | |
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Welfare Economics and the Scope of Markets | |
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Pareto efficiency and competitive equilibrium | |
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Time and uncertainty: futures markets | |
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Bargaining and Equilibrium: The Core | |
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The core of a market economy | |
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Convergence of the core of a large economy | |
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An Economy with Supply and Demand Correspondences | |
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Mathematics: analysis of point to set mappings | |
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General equilibrium of the market economy with an excess demand correspondence | |
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U-shaped cost curves and concentrated preferences | |
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Standing on the Shoulders of Giants | |
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Next steps | |
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Summary and conclusion | |