General Equilibrium of an Economy

Ebook "General equilibrium and welfare economics: An introduction" addresses these needs and requirements by emphasizing the basic underpinnings of general equilibrium and welfare economics. In particular, the theory of choice, which is fundamental to both areas, is developed in a very comprehensive and rigorous fashion. Moreover, extensive use is made of examples, both of the simple type intended to bolster the student’s understanding of the basic concepts, and those illustrating the application of the material to field areas in economics.

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Ebook Macro Economics: Part 2 presents the following content: General equilibrium of an economy: is-lm analysis; theories of inflation; control of inflation and philips curve; balance of payments; macro economic policies: monetary policy;...Please refer to the documentation for more details.

119p chankora 16-06-2023 3 2   Download

The first simulation results demonstrate that the elimination of tariffs in the industrial sector will lead to a 9.13 percent increase in household consumption, together with an increase in the factors of production of the agricultural, industrial and service sectors by 9.61, 9.74 and 8.21 percent, respectively. The EVFTA also causes a deficit in the trade balance because the value of imports increases by 12.54 percent, while exports’ value slightly increases by 2.71 percent. Furthermore, there has been a drop of 2.

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The approach taken in these studies is largely a-theoretic. More specifically, they implicitly model the demand for assets as being a function of only current demographics. Unless investors are completely myopic, however, the expected rate of return on investments will be a further determinant of how much people want to invest. Thus there will a feedback from the future path of stock prices back to the pattern of investment. And future stock prices will in turn be influenced by future demographics.

25p quaivattim 04-12-2012 63 1   Download