课件1课件说课讲解.pptVIP

1. The Market Economy;Outline;A. Introduction;Key themes;Utility Possibilities: What is Feasible;Utility Possibilities: What is Feasible;Pareto efficiency: There is no waste;Equity: equal shares;Utilitarianism: Maximize U(1)+U(2);Rawls: Maximize min{U(1),U(2)};Example: Efficiency in Exchange;B. The Supply and Demand Fable;Possible mechanisms; ; ; ; ; ; ; ;Conclusions;C. Efficiency of Economies with Many Goods (No Production);C. Efficiency with Many Goods;C. Efficiency with Many Goods;C. Efficiency with Many Goods;C. Efficiency with Many Goods;Budget Constraints;Budget Constraints;Budget Constr