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02011aam a2200301Ki 4500 001 A539C7FEA55F11EAA027EF1497128E48 003 SILO 005 20200603010033 008 171107s2020 enka b 001 0 eng d 010 $a 2019458730 020 $a 1788210417 020 $a 9781788210416 020 $a 1788210409 020 $a 9781788210409 035 $a (OCoLC)1009245122 040 $a YDX $b eng $e rda $c YDX $d OCLCQ $d FIE $d YDXIT $d MUX $d OCLCF $d DLC $d SILO 050 4 $a HB145 B35 2020 100 1 $a Balasko, Yves $e author. 245 10 $a General equilibrium / $c Yves Balasko. 264 1 $a Newcastle upon Tyne : $b Agenda Publishing, $c 2020. 300 $a xiii, 156 pages ; $c 24 cm 504 $a Includes bibliographical references and index. 520 $a The theory of general equilibrium offers a simplified guide to how real economies function: describing how production, prices, demand and consumer preference interact in multiple markets and tend towards a state of equilibrium. The first attempt to model this interaction was made by Leon Walras in the late nineteenth century, but it remained a largely theoretical exercise until the advent of the computer age, when large amounts of data could be processed to model national economies on an unprecedented scale. Written by one of the key pioneers in the field, this book 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. Written for undergraduates taking courses in economic theory and modelling who have limited mathematical proficiency, the book fills a gap between forbidding technical expositions and the less rigorous elementary ones.-- $c Provided by publisher. 650 0 $a Equilibrium (Economics) 941 $a 1 952 $l USUX851 $d 20201103021622.0 956 $a http://locator.silo.lib.ia.us/search.cgi?index_0=id&term_0=A539C7FEA55F11EAA027EF1497128E48 994 $a C0 $b IWAInitiate Another SILO Locator Search