Lecture 3 - Computing Equilibrium
recorded by: Yale University
published: March 17, 2012, recorded: October 2009, views: 3689
released under terms of: Creative Commons Attribution No Derivatives (CC-BY-ND)
Download yalemecon251f09_geanakoplos_lec03_01.mp4 (Video - generic video source 849.2 MB)
Download yalemecon251f09_geanakoplos_lec03_01.flv (Video 372.4 MB)
Download yalemecon251f09_geanakoplos_lec03_01_640x360_h264.mp4 (Video 223.2 MB)
Download yalemecon251f09_geanakoplos_lec03_01.wmv (Video 332.2 MB)
Report a problem or upload filesIf you have found a problem with this lecture or would like to send us extra material, articles, exercises, etc., please use our ticket system to describe your request and upload the data.
Enter your e-mail into the 'Cc' field, and we will keep you updated with your request's status.
Our understanding of the economy will be more tangible and vivid if we can in principle explain all the economic decisions of every agent in the economy. This lecture demonstrates, with two examples, how the theory lets us calculate equilibrium prices and allocations in a simple economy, either by hand or using a computer. In future lectures we shall extend this method so as to compute equilibrium in financial economies with stocks and bonds and other financial assets.
Link this pageWould you like to put a link to this lecture on your homepage?
Go ahead! Copy the HTML snippet !