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A C T I V E L E A R N I N G 1 : Demand curve

A C T I V E L E A R N I N G 1 : Demand curve

A C T I V E L E A R N I N G 1 : Demand curve. Draw a demand curve for music downloads. What happens to it in each of the following scenarios? Why?. A. The price of iPods falls B. The price of music downloads falls C. The price of compact discs falls. 1. Price of music down-loads.

By bernad
(508 views)

Changing absolute prices ---Inflation

Changing absolute prices ---Inflation

Changing absolute prices ---Inflation. What is inflation? The absolute prices of all stuffs jump up. Example: If there are only two goods, X and Y, in the economy. If the absolute prices of both goods increases by 5%, then the inflation rate is 5%. Do X’s and Y’s relative prices change?.

By andrew
(381 views)

Zhigang Li University of Hong Kong

Zhigang Li University of Hong Kong

Zhigang Li University of Hong Kong. Supply and Demand. Markets and Prices. Why does Ming YAO earn more than construction workers?. Markets and Prices. Why do diamonds cost more than water? . Markets and Prices. Why do QiBaiShi ’ s ( 齊白石 ) crabs sell for more than the real ones? .

By jana
(1291 views)

Capital and Financial Market Bond and Stock Market

Capital and Financial Market Bond and Stock Market

Capital and Financial Market Bond and Stock Market. Hall and Lieberman, 3 rd edition, Thomson South-Western, Chapter 13. Overview . Bond market Concepts: Principal / yield / maturity date How much is a bond worth? Why do bond prices differ? How will bond value responding to inflation?

By jana
(304 views)

Spring 2002 Multiple Choice

Spring 2002 Multiple Choice

Spring 2002 Multiple Choice 1. Tiger Woods can mow the grass of a golf course in 2 hours. In these 2 hours he could be taping a commercial for Nike and earn US$100,000. Forrest Gump can mow the grass in 4 hours and in these 4 hours he could earn US$40 working at McDonald’s.

By lotus
(351 views)

Profit Maximisation under Perfect Competition and Monopoly

Profit Maximisation under Perfect Competition and Monopoly

Profit Maximisation under Perfect Competition and Monopoly Alternative Market Structures Classifying markets (by degree of competition) number of firms freedom of entry to industry free, restricted or blocked? nature of product homogeneous or differentiated? nature of demand curve

By adamdaniel
(1240 views)

The market of liner shipping

The market of liner shipping

The market of liner shipping Claudio Ferrari Organization of maritime transport 18th century - colonies military and commercial sailing vessels industries international maritime trade raw materials and finished products sea adventure uncertain duration of voyage

By ostinmannual
(767 views)

Global Economy and Trade Policies

Global Economy and Trade Policies

Global Economy and Trade Policies Lecture 1 The standard trade model The Production Possibilities Frontier (PPF) Assume firms in Khon Kaen province only have resources to produce 2 things: noodles and ice tea.

By Sophia
(407 views)

Supply, Demand, and Equilibrium

Supply, Demand, and Equilibrium

Supply, Demand, and Equilibrium Today: An Introduction to supply and demand, and how they relate to equilibrium Who is hungry in the front row? All the bananas you care to eat for one person (up to however many I have) You are eating bananas at your own risk

By RexAlvis
(405 views)

Chapter VII: Money, assets, and interest rates

Chapter VII: Money, assets, and interest rates

Chapter VII: Money, assets, and interest rates What is money? Monetary aggregates Demand for financial assets Asset market equilibrium Liquidity preference theory Interest rates and interest rate spreads What is money ?

By HarrisCezar
(385 views)

The Foreign Exchange Market

The Foreign Exchange Market

The Foreign Exchange Market. The foreign exchange market is a market in national moneys; the exchange rate is the price. ( Robert Aliber). The Goals of This Chapter. Review the historical development of foreign exchange markets.

By Angelica
(321 views)

Ch. 10: The Exchange Rate and the Balance of Payments.

Ch. 10: The Exchange Rate and the Balance of Payments.

Ch. 10: The Exchange Rate and the Balance of Payments. Exchange rates Definition Determinants Short run Long run Purchasing power parity Interest rate parity Balance of payments accounts Causes of an international deficit Alternative exchange rate policies and their long-run effects.

By Jeffrey
(348 views)

Crime: Outline

Crime: Outline

Crime: Outline. Two ways of getting all and only efficient offenses Expected punishment equals damage done Special case efficient offenses Pigouvian punishment allowing for the cost of imposing it Enforcement cost Punishment cost How they effect the optimal p/P combination

By emily
(439 views)

Lesson 16-1 Relating Inflation and Unemployment

Lesson 16-1 Relating Inflation and Unemployment

Lesson 16-1 Relating Inflation and Unemployment. The Phillips Curve A Phillips curve suggests a negative relationship between inflation and unemployment. The Phillips curve trade-off between inflation and unemployment is implied by Keynesian analysis.

By paul
(139 views)

ECON 1001 AB Introduction to Economics I Dr. Ka-fu WONG

ECON 1001 AB Introduction to Economics I Dr. Ka-fu WONG

ECON 1001 AB Introduction to Economics I Dr. Ka-fu WONG. Seventh week of tutorial sessions KKL 925, KKL 1010, K812, KKL 106 Clifford CHAN KKL 1109 givencana@yahoo.ca. Covered and to be covered. Covered the week before the break Dr. Wong finished up to kf007.ppt

By Mia_John
(847 views)

The Market System

The Market System

The Market System . Demand, Supply and Price Determination. The Market System. Market consists of: Consumers - create a demand for a product Demand the amount consumers desire to purchase at various prices Not what they will buy, but what they would like to buy!

By JasminFlorian
(305 views)

Derivation of

Derivation of

Derivation of. The Demand Curve. Preview of 4 Coming Attractions. Today: Derivation of the Demand Curve Consumers ( Buyers ) Next: Derivation of the Supply Curve Firms ( Sellers ) Later: Double Auction Market Buyers and and sellers come together

By abbott
(220 views)

Econ 101: Microeconomics

Econ 101: Microeconomics

Econ 101: Microeconomics. Chapter 4: Working with Supply and Demand: Part 2. Total Revenue and Total Expenditure. In the market for a particular good: Total revenue (TR) is the amount of money sellers take in. Total expenditure (TE) is the amount of money buyers pay out.

By phuc
(317 views)

Household Demand and Supply

Household Demand and Supply

Household Demand and Supply. Microeconomia III (Lecture 7) Tratto da Cowell F. (2004), Principles of Microeoconomics. Working out consumer responses. The analysis of consumer optimisation gives us some powerful tools: The primal problem of the consumer is what we are really interested in.

By dex
(225 views)

MODEL OF SUPPLY

MODEL OF SUPPLY

MODEL OF SUPPLY. The model of supply is an attempt to explain the amount supplied of any good or service. SUPPLY DEFINED. The amount of a good or service a firm wants to sell, and is able to sell per unit time. THE “STANDARD” MODEL OF SUPPLY. The DEPENDENT variable is the amount supplied.

By braima
(603 views)

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