10629 Price Theory III
Credits: 3 intermediate credits in Economics
Prerequisite: Price Theory II
Authors: Shmuel Nitzan, Gerard Amiash, Anat Alexandron
The first part of the course is devoted to the interaction among economic agents – consumers and producers; in particular, to the allocation of resources in a competitive environment. The second part focuses on three topics: deviation from efficiency, public goods and externalities.
Topics: Barter economy; Interaction between consumers and producers; Deviation from Pareto efficiency, public goods and externalities.1