LG11 - endowments. 3. Be able to describe the trades that...

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
University of Wisconsin Department of Economics Economics 301: Intermediate Microeconomic Theory Korinna K. Hansen Learning Guide 11 Due Date: Wednesday, May 7, 2008 Reading Assignment: Varian Chapter 31 Problem Assignment: All problems (review questions) on page 589. Objectives: After completing the assignment you should be able to do the following: 1. Be able to define a partial and a general equilibrim in an economy. 2. Be able to describe the Edgeworth box with two people and two goods, and some initial
Background image of page 1
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: endowments. 3. Be able to describe the trades that can lead to Pareto efficient allocations and the contract curve. 4.Be able to describe mathematically and graphically a Walrasian equilibrium. 5. Be able to state and describe the first Welfare Theorem in Welfare economics 6. Be able to state and describe the second Welfare Theorem in Welfare economics....
View Full Document

This note was uploaded on 08/08/2008 for the course ECON 301 taught by Professor Hansen during the Spring '08 term at Wisconsin.

Ask a homework question - tutors are online