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" Lectures on microeconomics : "
Romans Pancs.
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BL
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| Record Number
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877125
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| Main Entry
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Pancs, Romans
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| Title & Author
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Lectures on microeconomics : : the big questions approach /\ Romans Pancs.
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| Publication Statement
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Cambridge, Massachusetts :: The MIT Press,, [2018]
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| Page. NO
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xviii, 319 pages ;; 24 cm
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| ISBN
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0262038188
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: 9780262038188
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| Bibliographies/Indexes
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Includes bibliographical references and index.
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| Contents
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Machine generated contents note: ch. 1 General Equilibrium in Competitive Markets -- 1.1.Introduction -- 1.2.An Exchange Economy -- 1.3.Prediction: The Contract Set -- 1.4.A Refined Prediction: Walrasian Equilibrium -- 1.5.Common Assumptions -- 1.6.Graphical Illustrations in the Edgeworth Box -- 1.7.The First Welfare Theorem -- 1.8.The Second Welfare Theorem -- 1.9.Equilibrium Existence (and Nonexistence) -- 1.10.Uniqueness, Stability, and Comparative Statics -- 1.11.Time and Uncertainty -- 1.12.Concluding Remarks -- 1.13.Appendix: A Proof Sketch of Theorem 1.3 -- 1.14.Bibliographical Notes -- Problems -- ch. 2 Markets and Morals I -- 2.1.Introduction -- 2.2.Obedience to Authority Leads to Immoral Behavior -- 2.3.Markets Lead to Immoral Behavior -- 2.4.Markets Lead to Moral Behavior -- 2.5.Concluding Remarks -- 2.6.Bibliographical Notes -- Problems -- ch. 3 From the Jungle to Design Economics -- 3.1.Introduction -- 3.2.The Jungle Economy -- 3.3.Jungle versus Walrasian Market
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Note continued: 3.4.A Metaphor for TTC in Walrasian Context -- 3.5.Matching Agents to Agents -- 3.6.Concluding Remarks -- 3.7.Bibliographical Notes -- Problems -- ch. 4 Marxism, Socialism, and the Resilience of Markets -- 4.1.Introduction -- 4.2.Exploitation in a Production Economy -- 4.3.The Prevalence of Markets: The Core -- 4.4.Socialism -- 4.5.Concluding Remarks -- 4.6.Bibliographical Notes -- Problems -- ch. 5 Inequality -- 5.1.Introduction -- 5.2.Risk Seeking -- 5.3.Superstars -- 5.4.Artificial Intelligence and the Future of Inequality -- 5.5.Concluding Remarks -- 5.6.Bibliographical Notes -- Problems -- ch. 6 Markets and Morals II -- 6.1.Introduction -- 6.2.When Having Markets Does Not Feel Quite Right -- 6.3.A Signaling Model of Gift Giving -- 6.4.Concluding Remarks -- 6.5.Bibliographical Notes -- Problems -- ch. 7 Kantian Cooperation -- 7.1.Introduction -- 7.2.Kantian Equilibrium -- 7.3.An Application to Voting -- 7.4.An Application to Responsibility
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Note continued: 7.5.Concluding Remarks -- 7.6.Bibliographical Notes -- Problems -- ch. 8 Unintended Consequences of Policy Interventions -- 8.1.Introduction -- 8.2.The Utilitarian Social Welfare Function -- 8.3.Routing -- 8.4.Local Public Goods -- 8.5.Concluding Remarks -- 8.6.Bibliographical Notes -- Problems -- ch. 9 Coda -- 9.1.Methodological Individualism -- 9.2.Design by Constrained Optimization -- 9.3.Constraints in Economic Design -- 9.4.A Curious Case of Incompatible Constraints -- 9.5.Economics as an Art Form -- 9.6.Bibliographical Notes -- Problems.
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| Abstract
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This book helps readers master economic concepts and techniques by tackling fundamental economic and political questions through a series of models. It is organized around a sequence of "big questions," among them: When do markets help translate individuals' uncoordinated, selfish actions into outcomes that are best for all? Do markets change people, and, if so, for worse or better? Translated into the language of modern economics, do Marx's ideas have merit? Why is there so much income inequality? Or is there too little? The arguments are in the theorem-proof format, distinguishing results derived in the context of fully specified models from educated speculation. Readers will learn how to pose a question rigorously and how to work toward an answer, and to appreciate that even (especially!) the broadest and most ambitious questions call for a model. The goal of the book is not to indoctrinate but to show readers how to reason toward their own conclusions.--
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| Subject
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Microeconomics, Examinations, questions, etc.
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| Subject
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Microeconomics.
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Mikroökonomie
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| Dewey Classification
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338.5
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| LC Classification
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HB172.P215 2018
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