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)