standard economic models of individual decision-making with and without uncertainty, models of consumer behaviour and producer behaviour under perfect competition and the Arrow-Debreu general equilibrium model.
theory of social choice and government decision making
when these preferences can be represented in a more tractable form by utility functions.
economists were trying to better understand the insights of Adam Smith by formalizing a theory of markets.
critically analyses the assumptions underlying the welfare theorems, paying particular attention to the problems that arise when there is asymmetric information
Extensions to the Basic Model
Choice Theory: Preferences, Choice and Utility
Glasp is a social web highlighter that people can highlight and organize quotes and thoughts from the web, and access other like-minded people’s learning.