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Lecture Notes

LEC # TOPICS LECTURE NOTES
1 Existence and Optimality of General Equilibrium AC MC Pricing (PDF)
2 The Core and Convergence Theorem
3 Arrow's Impossibility Theorem
4 Externalities and Public Goods Externalities (PDF)

Taxing Externalities with Measurable Pollution (PDF)

Taxing Externalities with Uniform Taxes (PDF)
5 Intertemporal Competitive Equilibrium
6 Uncertainty with Complete Markets Contingent Commodities in an Exchange Economy (PDF)
7 Incomplete Markets

Stock Market Model (PDF)

Contrasting SM & CCC Models (PDF)

Inefficiency with Incomplete Markets (PDF)