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Microeconomic theory old and new [electronic resource] : a student's guide / John M. Gowdy.

By: Gowdy, John M.
Contributor(s): ebrary, Inc.
Material type: materialTypeLabelBookPublisher: Stanford, Calif. : Stanford Economics and Finance, c2010Description: x, 189 p. : ill. ; 24 cm.Subject(s): Microeconomics | Equilibrium (Economics) | Welfare economicsGenre/Form: Electronic books.DDC classification: 338.5 Online resources: An electronic book accessible through the World Wide Web; click to view
Contents:
pt. 1. The Walrasian system. The neoclassical theory of the consumer -- The neoclassical theory of production -- General equilibrium in a barter economy -- Introducing prices : perfect competition and Pareto efficiency -- Market failure and the second fundamental theorem of welfare economics -- pt. 2. Modern welfare economics. The theoretical critique of Walrasian welfare economics -- The behavioral critique of Walrasian welfare economics -- Cost benefit analysis old and new -- The future of economic theory and policy.
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Includes bibliographical references and index.

pt. 1. The Walrasian system. The neoclassical theory of the consumer -- The neoclassical theory of production -- General equilibrium in a barter economy -- Introducing prices : perfect competition and Pareto efficiency -- Market failure and the second fundamental theorem of welfare economics -- pt. 2. Modern welfare economics. The theoretical critique of Walrasian welfare economics -- The behavioral critique of Walrasian welfare economics -- Cost benefit analysis old and new -- The future of economic theory and policy.

Electronic reproduction. Palo Alto, Calif. : ebrary, 2010. Available via World Wide Web. Access may be limited to ebrary affiliated libraries.

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