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| ECON0214-2 | General equilibrium and social choice | ||
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| Duration : | 30h Th, 15h Pr | ||
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| Holder(s) : | Pierre Pestieau | ||
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| Course contents : | This course is an extension of intermediate microeconomics. Both use the same methodology. There are two big differences: general equilibrium instead of partial equilibrium approach and the normative emphasis. It first studies the efficiency of competitive markets, then turns to the normative question of what makes a good equilibrium and finally analyses the various market failures. | ||
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| Course objective : | Present the two propositions of welfare economics, the foundation of collective choice and the canonical market failures. | ||
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| Prerequisites : | Introduction to microeconomics | ||
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| Organization : | Course (30h) and exercise (15h) 2nd term | ||
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| Written notes : | Lectures notes (on the web) Recommended readings: H. Varian, Microeconomics Analysis, Norton, 1995. B. Salanie, Défaillance du Marché, Economica, 1999 | ||
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| Assessment : | Mid-term and final written exam. | ||
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| Contacts : | Professor: P. PESTIEAU, Bât. B31, Local I/43 - 04/366.31.09 E-mail: p.pestieau@ulg.ac.be Assistant: M. LEFEBVRE, Bât. B31, Local I/30 - 04/366.31.10 E-mail: Mathieu.Lefebvre@ulg.ac.be Secretary: C. CHMIELEWSKI, Bât. B31, Local I/32 - 04/366.31.08 E-mail: c.chmielewski@ulg.ac.be | ||
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ULg : Students and Studies Administration - Academic Affairs
Contact : Monique Marcourt, direction A.E.E.
Date of data : 18/05/2007
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