-
All right, so we spent a long time
-
reviewing general equilibrium and we've now switched to
-
finance, and you're hopefully going to
-
see that the principles of finance emerge very quickly from
-
the principles of general equilibrium.
-
So that although it seems it was a long interlude we've
-
actually learned a lot about the financial economy.
-
So I'm going to continue with the example that we started with
-
the last time.
-
So we have a financial economy.
-
So in a financial economy--what is a financial economy?
-
On this top board the financial economy is defined by lots of