Lecture 5: Perfect Competition, Equilibrium and Welfare
- Required reading: J&R Chapter 4, Sections 4.1 and 4.3
- Application: Marion & Muehlegger (2011)
Lecture 6: General Equilibrium
- Required reading: J&R Chapter 5, Section 5.3
- Application: Golosov et al (2014)
Lecture 7: Social Welfare and Externalities
- Required reading: J&R Chapter 6, Sections 6.1–6.3
- Application: Deaton (2016); Nordhaus (2017)