The book offers a comprehensive and current examination of the economic model of supply and demand, emphasizing how values emerge from individual preferences, resources, and technology. It serves as an advanced text for graduate students in economic theory, introduces mathematics students to differential topology applications, and acts as an essential reference for researchers in general equilibrium theory.
Focusing on the economic theory of general equilibrium, this book serves as an accessible introduction to a foundational concept in various economic fields, including macroeconomics and international trade. Yves Balasko employs intuitive mathematical tools to elucidate complex ideas. The latter half delves into advanced properties of general equilibrium models, exploring unique equilibria and the connections between the number of equilibria and economic fundamentals, making it relevant for both students and researchers in economics.
Written by one of the key pioneers in the field, this book, suitable for undergraduate courses, offers an accessible introduction to general equilibrium theory and some of its most important developments of the past fifty years, including the sunspot model, the overlapping generations model and the model with financial assets