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Title Details:
General equilibrium and economic welfare
Authors: Tsounis, Nicholas
Reviewer: Agiomirgianakis, George M.
Description:
Abstract:
The general equilibrium of the economic system is presented with an emphasis on the general equilibrium in consumption. Partial equilibrium analysis was used in the previous chapters. Partial equilibrium analysis ignores how changes in one market affect other markets (goods and factors of production). In contrast, general equilibrium analysis analyzes how the choices of economic units are simultaneously coordinated across all markets for goods and factors of production.
Linguistic Editors: Antonopoulos, Yannis
Graphic Editors: Stavropoulos, Ilias
Type: Chapter
Creation Date: 16-01-2024
Item Details:
License: Attribution - NonCommercial - ShareAlike 4.0 International (CC BY-NC-SA 4.0)
Handle http://hdl.handle.net/11419/12158
Bibliographic Reference: Tsounis, N. (2024). General equilibrium and economic welfare [Chapter]. In Tsounis, N. 2024. Theory of the Consumer Behaviour [Postgraduate textbook]. Kallipos, Open Academic Editions. https://hdl.handle.net/11419/12158
Language: Greek
Is Part of: Theory of the Consumer Behaviour
Publication Origin: Kallipos, Open Academic Editions