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316-468 General Equilibrium & Welfare Economics | |
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Availability | Not offered in 2003. |
Credit Points | 12.5 |
HECS Band | 2 |
Coordinator | Professor J Creedy |
Prerequisites | 316-313 Microeconomics. |
Semester | Not Offered (view timetable) |
Contact | Three hours of lectures and seminars per week |
Subject Description | Topics include exchange with price-taking behaviour (utility and non-utility approaches), exchange without price-taking, the role of numbers in competition, Nash bargaining solutions, social welfare functions, expenditure functions and compensating variations, production of a general equilibrium model, the effects of income and commodity taxes in general equilibrium, labour supply with taxes and transfers, and general equilibrium with variable labour supply. |
Assessment | A 3-hour end-of-semester examination (80%) and class assignments totalling approximately 2000 words (20%). |
Status: Official 2003 Last Modified: Monday April 28 22:11 SGML to HTML Conversion: Information Division - CWIS (SDI) Authorised by: Academic Registrar Enquiries: http://unimelb.custhelp.com/
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