(M8E12) [Microeconomics] First and Second Fundamental Theorem of Welfare Economics.

[@anudarib]

I am so grateful for all the content, you are a teacher to students from all around the world. I actually feel bad for learning this for free, thank you so much for your hard work.

[@selcukozyurt]

Please don’t feel bad at all. Knowledge shouldn’t be a commodity that we must pay for. Yet, the current system is so broken!

[@anudarib]

@@selcukozyurt thank you professor, I will keep that in mind

[@muhammedhasanyucel5722]

I am so glad I found your channel. Thanks to your videos, I learned about general equilibrium very well before doctoral qualification exam. You explain very well and clearly. Thank you so much Professor.

[@sims-spruce8499]

thank you sooo much! I would never know why did my professor made it so complicated for me to understand. your explanation is lucid, intuitive, and covers what I need to know.

[@kevinmalone5178]

The white background with the white board and the white jacket is so easy to watch and understand when im tired. Thank you for the help.

[@DebraClaypool]

Thank you Professor Ozyurt, I love your videos and they have helped me immensely preparing for my qualifying exams. Thank you so much for making them for us, you have made a great contribution to the world. I was very sorry when the series ended, I will miss learning from you. Best wishes in all your future work!

[@terryyuan9585]

Thanks a lot Selcuk you are the goat - love from UChicago econ undergrad

[@baharrezaei5637]

Good work explaining Selcuk. Thanks a lot, your videos help me a lot.

[@SilvanaBuilesG]

Thank youuuuuu! Almost ready for the exam

[@suvankarroy5503]

Thank you, SIr!

[@pinakibanerjee129]

Small world

[@KleineEskimo]

Shouldn't consumer's preferences be strictly convex, rather than concave in order for a Walrasian equilibrium to exist?
It would also be helpful if you could provide an explanation of the proof of existence, using Brouwer's Fixed Point Theorem.
Thank you!

[@yru...]

I think it is strictly quasi concave utility function instead of concave.

[@andresramasco5644]

great explanations and examples

[@emirhan2884]

hocam her şey için çok teşekkürler

[@burakyerlikaya6566]

Hocam çok teşekkür ederim. Yalnız ikinci refah teoreminde fayda fonksiyonunun convex olması gerekmiyor mu?

[@efedilaver2087]

hocam çok teşekkür ederim

[@mirceamaftei2990]

Hello, great videos btw! I have one question, shouldn’t the utility functions be convex instead? Thank you!

[@YangYang-zr3zl]

No, utility function concave means the preference is convex.