Economics Notes University Of Leeds Economics Notes
These notes provide detailed exam essay structures on various topics within advanced microeconomics such as: general equilibrium; welfare economics and the theory of cost-benefit analysis. Two Notes include the mathematical models of pareto optimality and consumer surplus, with detailed essay structures analysing the models in context. The third set of notes analyses the trade off between different measurements of welfare; compensation tests and social welfare function.
Topics:
Pareto Optimality
- Mathematical evaluation of Pareto optimality (prices, output, preference, & monopolies)
- 'Pareto optimality in the market economy' essay notations
Consumer Surplus
- Mathematical evaluation of consumer surplus (demand curves, consumption, equivalent and compensating variations of price changes)
- Analysis of each measure of consumer surplus: marshallian, equivalent and compensating variation (Willig approximation, quasi-linear, path dependency)
Compensation Tests vs Social Welfare Function
- Kaldor and Hicks Criterion
- pareto improvements
- separation of distribution and efficiency
- Scitovsky paradox and Little-3 part criterion
- social welfare function properties
- arrow's impossibility theorem
- single peaked preferences
- cardinal measurements & equity weighting
- monetary measures of utility
Written by the top 1% of students and often the top 0.1%. Drastically improve your chance of a first.
Quality, not quantity. Our founder, an Oxford law graduate, compared over ten thousand note sets to find the best ones created in the last decade. We've filtered out the crap.
86% of customers are repeat customers. People can't get enough of our notes.
Concise yet comprehensive notes–save tens of hours of tedium.
Money back guarantee if the notes do not match description. Partial money back if core topics are missing.
Established company–in business since early 2010 and trusted by hundreds of thousands of students.
Completely anonymous. We never tell authors or anyone else who bought notes.
“The best place to start your readings as you can build a basic infrastructure out of them, rather than blindly dive into pages and pages.” Student, University of Oxford
“I have found the Oxbridge notes to be a really effective aid to my revision, they were thorough, up to date and relevant to my subjects, and were the main contributing factors to my exam success, very powerful tool.” Student, University of Manchester
“No unnecessary information... Oxbridge Notes cut to the chase and are more than sufficient to do well in exams.” University of Southampton, Singapore