Title Bendroji pusiausvyra ekonominiuose modeliuose /
Translation of Title General equilibrium in models of economics.
Authors Brasel, Inga
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Pages 35
Abstract [eng] The classical general equilibrium model aims to describe the economy by aggregating the behavior of individuals and firms. In the model, the individual is assumed to be the basic unit of analysis and these individuals, both workers and employers, will make choices that reflect their unique tastes, objectives, and preferences. Consumer behavior describes his utility function. The work analyzed the optimal choice of the task on a case where the user preferences designed Cobb-Douglas utility functions. Then we describe the Edgeworth box at exchange economy. It is used in general equilibrium theory, and can aid in finding the competitive equilibrium of a simple system.
Type Master thesis
Language Lithuanian
Publication date 2010