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| ECON0214-2 | General equilibrium and social choice
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| Duration : | 30h Th, 15h Pr |
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| Credits/ECTS : |
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| Holder(s) : | Pierre Pestieau |
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| Language : | Langue française |
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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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