ppt课件-micro-foundationto macroeconomics general equilibrium（micro-foundationto宏观经济学一般均衡）.pptVIP

Macroeconomic Themes: 7 Micro-foundation to Macroeconomics: General Equilibrium Analysis with Production Price system is key to allocation of resources in the economy. Markets for goods, labour, capital and financial services are inter-linked. An economy is inhabited by N households and M firms, a government which taxes and spends and the international sector. A competitive equilibrium solution is outcome of the utility maximising behaviour of households and profit maximising activities of firms. General equilibrium model brings all of these elements together. General Equilibrium in Terms of