'Extra unit' diaporamas de présentation

Chapter Twenty-One

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Agenda

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ECON 100 Tutorial 7

ECON 100 Tutorial 7. Rob Pryce www.robpryce.co.uk/teaching. Question 1. Mankiw and Taylor, p.315. AR. AR. MR. Why does the marginal revenue curve lie below the average revenue curve?. Remember, competitive firms are price takers . They cannot affect market prices. MR = Price

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Economies of Scale, Imperfect Competition, and International Trade

Economies of Scale, Imperfect Competition, and International Trade. Chapter Organization. Introduction Economies of Scale and International Trade: An Overview Economies of Scale and Market Structure The Theory of Imperfect Competition Monopolistic Competition and Trade Dumping

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Welfare Analysis

Welfare Analysis. Ranking Economic systems. Objective: to find a criteria that allows us to rank different systems or allocations of resources. This criteria will allow us to answer a question like: Although the minimum wage law creates winners and loser, is it better than the free market?.

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Welfare Analysis

Welfare Analysis. Consumers, Producers and Welfare Economics. Welfare Economics What is the right amount of the good that should be produced? Can the market system ensure that this amount is produced? If not, can government policy give us the right amount of production?.

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PROFIT THEORY

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Macroeconomic Theory

Macroeconomic Theory. Chapter 7 Exogenous Growth Theory.

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WTO Telecommunications Reference Paper

WTO Telecommunications Reference Paper. Prof Franco Papandrea Director Communication and Media Policy Institute University of Canberra Email: franco.papandrea@canberra.edu.au. GATS: Telecommunications Requirements.

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The Objectives of Firms

The Objectives of Firms. A2 Economics. What are the Objectives of Firms?. What do you feel are the main objectives of firms? Minimising Costs + Maximising Revenues = Maximising Profits. Aims & Objectives. Aim: Understand revenues in a perfectly and imperfectly competitive market.

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Total Revenue, Average Revenue and Marginal Revenue

Total Revenue, Average Revenue and Marginal Revenue. Wealth-maximizing Each seller has sufficient market power to set the selling price higher and sell less OR set the selling price lower and sell more The demand curve facing the price searcher is downward sloping.

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Monopoly

Monopoly. Assumptions. One seller and many buyers No close substitutes High barriers to entry. Can a monopolist add to barriers to entry?. Patents Economies of scale Brand loyalty Access to raw materials High sunk costs Government regulations Threat of retaliation.

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Principles Of Economics Model Lesson Plan Presentation

Principles Of Economics Model Lesson Plan Presentation. Utility Kinds of Utility Law of Diminishing Marginal Utility( LDMU ) Limitations of LDMU Importance of LDMU BY Mr. Seemab Qadeer Ass.Prof (Economics) Dep: Economics & Comm Geo

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What is Economics?

What is Economics?. Economic Choices. Citizens must make them every day. Choices occur because resources are limited Needs are required , such as food and shelter Wants make life more comfortable and enjoyable , like vacations. Economic Choices (cont.).

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Monopolistic Competition

Monopolistic Competition. Markets that have some features of competition and some features of monopoly. Many sellers Product differentiation Free entry and exit. Many Sellers. There are many firms competing for the same group of customers.

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Main Market Forms & Concepts of Revenue

Main Market Forms & Concepts of Revenue. June 27, 28. Introduction . The determination of prices and outputs of various products depends upon the type of market structure.

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Portfolio Management

Portfolio Management. Grenoble Ecole de Management MSc Finance 2011 Exercises chapter 3. How to determine optimal weights.

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Economics Experiment

Economics Experiment.

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Supply and Demand REview

Supply and Demand REview. Kenneth Bai , Bhavin Parbhu , Brian Hernan. Law of Supply and Demand. If demand for a G/S increases and supply remains the same, a shortage occurs, and the price goes up.

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CONSUMERS EQUILIBRIUM

CONSUMERS EQUILIBRIUM. When a consumer gets maximum satisfaction out of a commodity. This situation is known as consumer equilibrium. .

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