On time, lectures on models of equilibrium, Peter A. Diamond
Type
Label
On time, lectures on models of equilibrium, Peter A. Diamond
Language
eng
Index
index present
Literary Form
non fiction
Main title
On time
Medium
electronic resource
Nature of contents
dictionaries
Oclc number
715181034
Responsibility statement
Peter A. Diamond
Series statement
Churchill lectures in economicsCambridge Social Sciences eBooks
Sub title
lectures on models of equilibrium
Summary
In these two lectures, first published in 1994, Peter Diamond explores how time is modelled in theoretical analyses of individual industries and of an entire economy. In the first lecture he considers equilibrium in a single market by examining the distinction between the short run and the long run in Marshallian analysis. He proposes an explicit modelling of time in place of Marshall's use of different atemporal models for different time frames. In the second lecture he turns to models of an entire economy, and begins by considering how and why models of an entire economy should differ from models of a single industry. Both cyclical and seasonal data on the behaviour of macro-economies are examined. --, Provided by publisher
Table Of Contents
Lecture 1. Modeling an industry -- Lecture 2. Modeling an economy
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