Keywords

#classical_general_equilibrium_model

Classical general equilibrium model

Economic model

The classical general equilibrium model aims to describe the economy by aggregating the behavior of individuals and firms. Note that the classical general equilibrium model is unrelated to classical economics, and was instead developed within neoclassical economics beginning in the late 19th century.

Fri 10th

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Classical general equilibrium model Classical economics General equilibrium theory Dynamic stochastic general equilibrium Arrow–Debreu model New classical macroeconomics Non-equilibrium thermodynamics Glossary of economics Thermodynamic equilibrium Heckscher–Ohlin model
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