The first part of this lecture treats the theory of general competitive equilibrium. We treat the welfare theorems, prove existence of equilibrium and discuss quickly the question of uniqueness. Afterwards, we apply the results to markets under uncertainty (stock and insurance markets).
The second part of the lecture treats the demand behavior of households and develops the related decision theory under uncertainty.
no previous knowledge required
Mas-Colell, Whinston, Green, Microeconomic Theory, Part 1, Part 4
| Frequency | Weekday | Time | Format / Place | Period |
|---|
| Degree programme/academic programme | Validity | Variant | Subdivision | Status | Semester | LP | |
|---|---|---|---|---|---|---|---|
| Betriebswirtschaftslehre / Diplom | (Enrollment until SoSe 2005) | B3a; B5; WP09; WP15 | HS | ||||
| Economic Behavior and Interaction Models / Promotion | |||||||
| Economics and Management (BiGSEM) / Promotion | |||||||
| QEM - Models and Methods of Quantitative Economics / Master | |||||||
| Volkswirtschaftslehre / Diplom | (Enrollment until SoSe 2005) | V1A; V5; WP09; WP15 | HS | ||||
| Wirtschaftsmathematik / Diplom | (Enrollment until SoSe 2005) | HS | |||||
| Wirtschaftsmathematik / Master | (Enrollment until SoSe 2011) |