Content Pure exchange system The existence of Walrasian equilibrium The first theorem of welfare economics The second theorem of welfare economics Exchange with production
Content Public goods Subscription -Efficient provision of public goods Public choice · Externality -What' s externality? - How to solute it? -What' s the efficient condition with externality
Summary textbook: Varian, Hal R., 1992, Microeconomics Analysis, 3rd ed. Mas-Colell, A., M. Whinston, and J. Green, 1995, Microeconomics Theory. assignments: twice a week; Team work; Deliver on the class