Chapter 10 Pricing in Factor Market Chapter 11 General Equilibrium and Welfare Economics 一般均衡与福利经济学 Chapter 12 Market Failure and Public Goods 市场失灵与公共产品
• Pure exchange system • The existence of Walrasian equilibrium • The first theorem of welfare economics • The second theorem of welfare economics • Exchange with production
Welcome to this second level, one semester, core unit on economics and the organisation, which I hope you will enjoy. By following this unit you should
Normative Definition: Economics is the science that studies how to efficiently allocate economic resources Positive Definition: Economics is the science that studies how an economy operates or how economic variables are determined under the given economic system. The System of an Economy:
