General Equilibrium & Welfare Economics | Consumer & Producer Equilibrium
Автор: Ibrahim Academy
Загружено: 2026-01-16
Просмотров: 2
Описание:
In this video, we explain General Equilibrium and Welfare Economics in a complete and exam-oriented manner. You will learn the concept of general equilibrium, partial vs general equilibrium, and how equilibrium is achieved simultaneously in product markets and factor markets.
The lecture also covers key concepts of Welfare Economics including Pareto efficiency, Pareto improvement, social welfare, allocative efficiency, and the conditions for maximum social welfare. These topics are extremely important for Microeconomics, BS Economics, MA Economics, MPhil Economics, O/A Level Economics, and for candidates preparing for CSS, PMS, and other competitive exams.
Watch this complete lecture to clearly understand how general equilibrium analysis helps in evaluating economic efficiency and social welfare.
#generalequilibrium #welfareeconomics #paretoefficiency #socialwelfare #microeconomics #economicsportal #bseconomics #maeconomics #mphileconomics #oaleveleconomics #allocativeefficiency #economicslecture
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