Computing Equilibrium - Financial Theory - John Geanakoplos - Lecture 3 of 26 - Video-lecture

Video-lecture, Finance

Description: Our understanding of the economy will be more tangible and vivid if we can in principle explain all the economic decisions of every agent in the economy. This lecture demonstrates, with two examples, how the theory lets us calculate equilibrium prices and allocations in a simple economy, either by hand or using a computer.