(M8E4) [Microeconomics] Pareto Efficiency (Optimality)

Описание к видео (M8E4) [Microeconomics] Pareto Efficiency (Optimality)

In this episode I describe one of the most celebrated concepts in economics "Pareto Efficiency" (or Pareto optimality) in the context of pure exchange economy, and discuss this concept with some numerical examples.

It's crucial to watch lecture videos in the proper order to ensure effective learning. This is because the concepts in each video build upon those introduced in previous videos. To help you with this, I recommend visiting my website, www.selcukozyurt.com, for a recommended course outline.

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