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Donald W. Katzner - The Walrasian Vision of the Microeconomy: An Elementary Exposition of the Structure of Modern General Equilibrium Theory - 9780472064090 - V9780472064090
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The Walrasian Vision of the Microeconomy: An Elementary Exposition of the Structure of Modern General Equilibrium Theory

€ 46.30
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Description for The Walrasian Vision of the Microeconomy: An Elementary Exposition of the Structure of Modern General Equilibrium Theory paperback. Articulates the traditional vision of the microeconomy using a general equilibrium model Num Pages: 120 pages, Figures. BIC Classification: KC. Category: (P) Professional & Vocational. Dimension: 178 x 254 x 95. Weight in Grams: 300.

The Walrasian Vision of the Microeconomy articulates the traditional vision that is conjured up in the minds of most contemporary economists as they contemplate the microeconomy. It does so by setting out a very simple general-equilibrium model containing 1 produced consumer good, 1 produced capital good, 2 factors, 2 consumers, and 2 firms. Most of the basic theoretical ingredients of perfect competition taught in microeconomic theory courses are geometrically developed in this context: market equilibrium, the derivation of consumer demand for goods and supply of factors from constrained utility maximization, the relation between cost and production functions, the derivation of firm output supply and input demand from profit maximization, and the connections between competitive equilibrium, Pareto optimality, and welfare maximization. Also included is an elementary geometric proof of the existence and uniqueness of competitive equilibrium. The underlying premise is that these elements are all components of a larger picture and, as a result, fit together into a unified whole. The book is ideally suited to accompany the fuller and more detailed expositions of standard microeconomic theory texts.

Product Details

Format
Paperback
Publication date
1990
Publisher
University of Michigan Press United States
Number of pages
120
Condition
New
Number of Pages
134
Place of Publication
Ann Arbor, United States
ISBN
9780472064090
SKU
V9780472064090
Shipping Time
Usually ships in 7 to 11 working days
Ref
99-50

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