This course deals with General Equilibrium Theory with/-out uncertainty and its Welfare Effects. It basically covers:
• Walrasian equilibrium
• Pure exchange economy: the Edgeworth box
• The one-consumer, one-producer economy
• The first and the second fundamental theorems of welfare economics
• Existence and Uniqueness of equilibrium
• Arrow-Debreu equilibrium
• Radner equilibrium
• Asset markets
Students are expected to be familiar with the materials of the course Microeconomics 1a.
• Mas-Colell, M.D. Whinston and J.R. Green (1995), Microeconomic Theory (chapters 15, 16, 17 and 19)
| Frequency | Weekday | Time | Format / Place | Period |
|---|
Show passed dates >> Edit date display
| Date | Time | Format / Room | Comment about examination |
|---|
Show passed examination dates >>
| Module | Course | Requirements | |
|---|---|---|---|
| 31-M-Micro1 Microeconomics 1 | Microeconomics | Student information | |
| 31-MM12 Microeconomic Theory and Policy | Allgemeine Gleichgewichtstheorie | Graded examination
|
Student information |
| 31-MM12-WiMa Microeconomic Theory and Policy | Allgemeine Gleichgewichtstheorie | Graded examination
|
Student information |
The binding module descriptions contain further information, including specifications on the "types of assignments" students need to complete. In cases where a module description mentions more than one kind of assignment, the respective member of the teaching staff will decide which task(s) they assign the students.