Ch16_General Equilibrium and Economic Efficiency.ppt

Chapter 16 Chapter 16 General Equilibrium and Economic Efficiency 吴福象 南京大学产业经济学系 信箱：fxiangwu@nju.edu.cn 电话：025办公室安中楼1505) Topics to be Discussed General Equilibrium Analysis Efficiency in Exchange Equity and Efficiency Efficiency in Production Topics to be Discussed The Gains from Free Trade An Overview: The Efficiency of Competitive Markets Why Markets Fail General Equilibrium Analysis Up to this point, we have been focused on partial equilibrium analysis Activity in one market has little or no effect on other markets Market interrelationships can be important Complements and sub