Theory Of General Economic Equilibrium

This book provides a comprehensive introduction to general equilibrium theory, covering the standard topics as well as the developments of the theory over the past fifty years. This ensures that the reader gains a thorough account of what has been established both in pure theory and in applications.In addition to the basic topics, this book elaborates on fields which are relevant but not mentioned frequently in this context. The material covered includes international trade, growth, finance and implementation, and it offers a broader view than what is usual in texts on general equilibrium theory. This book would make for suitable reading for undergraduate and graduate courses in macroeconomics.Contents:

• Preface
• Introduction
• Exchange Economies
• Economies with Production
• Welfare Theorems and Market Failures
• Cooperative Game Theory and Equilibria
• Large Economies
• Uniqueness and Stability of Equilibria
• The Equilibrium Manifold and Probabilistic Equilibrium Theory
• General Equilibrium and Imperfect Competition
• Incentives and Mechanisms in General Equilibrium
• Market Failures
• Time and General Equilibrium
• Overlapping Generations Economies
• Uncertainty and General Equilibrium
• Financial Markets
• Economies with Incomplete Markets
• General Equilibrium and Money
• Bibliography
• Index

Undergraduate and graduate students and lecturers of macroeconomics and mathematical economics.General Equilibrium;Mathematical Economics;Prices;Markets;Macroeconomics00