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Microeconomic theory old and new: a student's guide

By: Gowdy, John M.
Material type: materialTypeLabelBookPublisher: New Delhi Orient BlackSwan 2011Description: x, 189 p.ISBN: 9788125042785.Subject(s): Equilibrium (Economics) | Microeconomics | Welfare economicsDDC classification: 338.5 Summary: Microeconomic Theory Old and New has two main goals. The first is to give advanced undergraduate and graduate students an understanding of the core model of economics: Walrasian general equilibrium theory. The text presents in detail the three building blocks of Walrasian theory?establishing Pareto efficiency in a barter economy, establishing the efficiency of competitive markets, and accounting for market failure (http://www.orientblackswan.com/display.asp?categoryID=0&isbn=978-81-250-4278-5)
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Microeconomic Theory Old and New has two main goals. The first is to give advanced undergraduate and graduate students an understanding of the core model of economics: Walrasian general equilibrium theory. The text presents in detail the three building blocks of Walrasian theory?establishing Pareto efficiency in a barter economy, establishing the efficiency of competitive markets, and accounting for market failure (http://www.orientblackswan.com/display.asp?categoryID=0&isbn=978-81-250-4278-5)

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