# General Equilibrium

**Textbook**: Debreu, Gerard. Theory of value: An axiomatic analysis of economic equilibrium. Vol. 17. Yale University Press, 1959.

**August 16th** Basics of Sets, Preorderings, Set topology in Euclidean space

Reading: Section 1.2, 1.4, 1.5, 1.6 (a-h)

**August 23rd** Set topology in Euclidean space, continuity of functions

Reading: Section 1.3, 1.6 (i-u), 1.7

**August 30th **Continuity of Correspondence, Convexity, Separating hyperplane, Sum of Sets, Production

Reading: Section 1.8, 1.9, 2, 3.1, 3.2, 3.3(i - f')

**September 6th** Production, Consumption

Reading: Section 3.3 - 3.5, 4.1 - 4.6

Additional Reading: No-arbitrage theorem and Separating hyperplane theorem ( Reference )

**September 13th** Preference and Economy

Reading: Section 4.6 - 4.10, 5.1-5.6

Additional Reading: Economy with public goods (Reference)

**September 20th** Gale-Debreu-Nikaido Lemma and the existence proof

Reading: Section 5.6, 5.7

Additional Reading:

Non-free disposal (Reference)

Gramham's trade model in a general equilibrium framework (Reference)

**September 2****7****th** Pareto Optimality: the existence and its relation to the competitive equilibrium

Reading: Section 1.9 ((5)-(8)), Section 4.9, Section 6