General Equilibrium, Overlapping Generations Models, and Optimal Growth Theory

✍ Scribed by Truman F. Bewley

Publisher: Harvard University Press
Year: 2007
Tongue: English
Leaves: 614
Category: Library

No coin nor oath required. For personal study only.

✦ Synopsis

This book presents general equilibrium theory for advanced undergraduate and graduate-level economics students. It discusses economic efficiency, competitive equilibrium, the welfare theorems, the Kuhn-Tucker approach to general equilibrium, the Arrow-Debreu model, and rational expectations equilibrium and the permanent income hypothesis.

✦ Table of Contents

Contents
Acknowledgments
1. Why Study General Equilibrium?
2. The General Equilibrium Model
3. Economic Efficiency
4. Competitive Equilibrium
5. The Welfare Theorems
6. The Kuhn-Tucker Approach to General Equilibrium Theory
7. Arrow-Debreu Equilibrium
8. Rational Expectations Equilibrium and the Permanent Income Hypothesis
9. Samuelson’s Overlapping Generations Model
10. The One-Sector Growth and Diamond Overlapping Generations Models
11. A Critical Assessment
References
Index

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