State departments of transportation love to widen freeways. The Katy Freeway in Houston, I-35 in Austin...well, kind of any ...

The course covers the main topics of microeconomics from consumer and producer behavior, partial and general equilibrium, behavior under uncertainty, game theory and asymmetric information. You will ...

Read on to learn how externalities affect equilibrium and market failure. Externalities, which can be both positive or negative, can affect an individual or single entity, or they can affect ...

This describes an economic deficiency caused by an inefficient allocation of resources that disturbs the equilibrium of a marketplace and contributes to making it more inefficient. Some areas have ...

An economics bachelor’s degree will prepare you to collect and analyze information, monitor economic trends, and develop forecasts to guide industries in making critical decisions. Three Dynamic ...

Students admitted to study programmes at UiO must each semester register which courses and exams they wish to sign up for in Studentweb. Students not admitted to the Master’s programme in Economics or ...

Since decisions in crises typically emerge from collective decision processes within organizations composed of diverse individual members, we use the team equilibrium solution concept to analyze these ...

To help first- or second-year graduate students in economics apply their theoretical training, this paper shows how to solve a simple and intuitive computable general equilibrium (CGE) model using a ...

An entry in a company's general ledger representing what it has to pay to vendors or creditors in the short term. See full definition.