Y1 - Microeconomics 1

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Summary

Week 7

Universiteit van Amsterdam · Economics and Business Economics

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Chapter 16: General Equilibrium and Economic Efficiency
16.1 General equilibrium analysis
16.4 Efficiency in production Input efficiency
16.5 The Gains from Free Trade
16.6 An overview – the efficiency of competitive markets
16.7 Why markets fail
Chapter 17: Markets with Asymmetric Information
17.1 Quality Uncertainty and the Market for Lemons
17.3 Moral Hazard
Chapter 18: Externalities and Public Goods
18.1 Externalities
18.2 Ways of Correcting Market Failure
18.4 Externalities and Property Rights
18.5 Common Property Resources
18.6 Public Goods

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