MATEMATIČKI MODELI U EKONOMIJI

After passing this exam the student will be able to: 1. Explain the concept of economic equilibrium 2. Explain the concept of Pareto optimum 3. Explain the Walras model of economy. 4. Explain, formulate and prove Arrow’s impossibility theorem (Arrow’s dictator theorem) 5. Explain the concept of calls and puts options and Black-Scholes equation.