Unformatted text preview: for individual economic decisions? (e.g. is a strategy of self sufficiency, where I try to produce goods for my own consumption, optimal?) v) Discuss the relationship between the existence of gains from trade and the role of money? vi) What are trading frictions? Are there any trading frictions in standard microeconomic models (like the Edgeworth box ). vii) Discuss the relationship between trading frictions and the role of money?...
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- Fall '08
- Economics, edgeworth box, trading frictions, Edgeworth box model, individual economic decisions