General Equilibrium Theory
Jean-Marc Bonnisseau & Elena L. del Mercato
Master M2 MMMEF
Master M2 APE
Course in English - First Semester 2018/2019
The general economic equilibrium theory studies the interactions among heterogeneous agents on commodity and financial markets. The course focuses on the classical Arrow-Debreu model and the main properties of a competitive equilibrium (existence, efficiency, local uniqueness, structure of the equilibrium set). The course is a necessary step to handle advanced questions arising from financial markets and markets imperfections, such as externalities, imperfect competition or increasing returns to scale.
Key words: equilibrium, competition, optimality, existence, sensitivity.
Class: Every Friday, 9:00 - 12:00, from September 14 to December 7, 2018 - Room R2-21 - PSE Campus Jourdan, 48 Boulevard Jourdan, 75014 Paris.
Final Exam: Friday, December 14, 2018, 9:00 - 12:00, Room R2-01 - PSE Campus Jourdan, 48 Boulevard Jourdan, 75014 Paris
Evaluation: Homeworks and Final Exam.