Y1 - Microeconomics

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Lectures

Week 7

Erasmus Universiteit · Int. Economics and Business Economics

Y1 - Microeconomics

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Lecture 16 - Chapter 17, Part 1:
Simple exchange closed economy:
Adding relative prices:
Finding equilibrium relative prices:
Smith's invisible hand Theorem:
Lecture 17 - Chapter 17, Part 2:
Production with 1 input in a Closed Economy:
Production with 2 inputs in a Closed Economy:
Efficiency in the Product Mix:
How much output can the firms hope to sell to the markets?
What about equity?
Summaries:
Opening up to trade:
Taxes:
When does General Equilibrium not hold?

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