(IME2) Chapter 7 - Video 5: General Equilibrium with Production - Two Consumers and Endowments.

In this episode, I solve a numerical example and demonstrate how to calculate the general equilibrium price ratio in a two-consumer mode, where both consumers have initial endowments of the consumption goods, and one of these goods is an input for the production. 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 you visit my website, www.selcukozyurt.com, for a recommended course outline.