Microeconomics - General Equilibrium Theory

Spring 2010

Lars-Gunnar Svensson

• Plan for the course

• Theorems to be proved: see below (2008)

• Topics in Social Choice and Mechanism Design

• Exercises

• Exam 2008

   

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Microeconomics - General Equilibrium Theory

Spring 2008

Lars-Gunnar Svensson

• Plan for the course
• Theorems to be proved in the course:

1. Existence of  a Walrasian Equilibrium
2. The second fundamental theorem of Welfare economics
3. The equivalence between an Arrow-Debreu and a Radner equilibrium
4. The existence of state prices in a Radner equilibrium
5. An allocation contained in all N-Cores in an replica economy is also a Walrasian allocation
6. The relation between the Weak Axiom of revealed preferences and uniqueness of a normalized Walrasian price vector
7. Global stability as a consequence of the weak axiom
8. May's theorem

• Topics in Social Choice and Mechanism Design
• Exercises
• Tentamen ht 01 med lösningar
• Omtentamen ht 01 med lösningar
• Examination, Autumn 02, with answers

Exercises:

• 16/4 and 23/4: Existence and properties of a Walrasian Equilibrium (CW)
• 7/5: Arrow-Debreu and Radner Equilibria (LGS): 3.1, 3.2, 3.3, 3.4.
• 14/5: The Core, Uniqueness and Stability (LGS): 4.2, 4.3, 5.1, 5.2.
• 15/5: Social Choice and Mechanism Design (LGS): 6.1, 6.2, 6.3, 6.4, 7.1.