Econ100B Lecture13 - 5-22

Econ100B Lecture13 - 5-22 - Economics 100B: Lecture 13 S....

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Economics 100B: Lecture 13 S. Nageeb Ali May 22, 2008
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Economics 100B: May 22, 2008 Administrative Details s Final Exam b Beware of US Open b University regulation: If you are late or miss exam, cannot offer make-up s Grades and curve cumulative
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Economics 100B: May 22, 2008 Alternative Price Support
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Economics 100B: May 22, 2008 Chapter 10: Motivation s Discuss welfare more generally s Create theory of general equilibrium where there are multiple markets b Prior chapters studied partial equilibria where prices of other goods were exogenous (e.g., w and r) b But in markets, w and r are determined at same time as P
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Economics 100B: May 22, 2008 Competitive Equilibrium in 2 Markets s Consider demand for apples and oranges b Price of oranges affects demand for apples b Price of apples affects demand for oranges s In partial equilibrium , hold price of oranges fixed and calculate price of apples s In general equilibrium , determine price of both apples and oranges
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Economics 100B: May 22, 2008 General Equilibrium: Example
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This note was uploaded on 07/22/2008 for the course ECON 100B taught by Professor Rauch during the Spring '07 term at UCSD.

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Econ100B Lecture13 - 5-22 - Economics 100B: Lecture 13 S....

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