Economics ppt on demand and supply

5/7Warm Up What monetary policy tools can the Fed use to slow down rapid economic growth?

fiscal & monetary policyTo identify the tools of fiscal & monetary policy To explain how economic stabilization tools affect the money supply, interest rates, & aggregate demandTo explain how economic stabilization tools affect the money supply, interest rates, & aggregate demand To analyze economic data to determine how fiscal & monetary policy should be used to correct economic problemsTo analyze economic data to determine how fiscal & monetary policy should be used to correct/


GLOBALIZATION UNIT LESSON 1 GLOBAL ECONOMICS. OBJECTIVES Review economic systems. Introduce key economic terms and theories related to globalization.

Economics Study of decision- making & resource allocation. Help nations & ppl make informed decisions THE LAW OF SUPPLY & DEMAND Supply The amt of a certain good or service producers are willing to supply when receiving a certain price Law of Supply: The higher the price, the higher the quantity produced THE LAW OF SUPPLY & DEMAND Demand/GLOBALIZATION REVIEW What is globalization? Growing integration of the world’s economies and societies. Open country to free trade Open currency markets Privatize business /


© 2011 Pearson Education, Inc. All Rights Reserved Introduction to Economic Reasoning, Eighth Edition William D. Rohlf, Jr. Chapter 3: Demand and Supply:

-9 © 2011 Pearson Education, Inc. All Rights Reserved Introduction to Economic Reasoning, Eighth Edition William D. Rohlf, Jr. EXHIBIT 3.9 The Demand and Supply of Jogging Shoes in Hometown, U.S.A. 3-10 © 2011 Pearson Education, Inc. All Rights Reserved Introduction to Economic Reasoning, Eighth Edition William D. Rohlf, Jr. EXHIBIT 3.10 Demand and Supply Curves for Jogging Shoes In Hometown, U.S.A. 3/


Tablelands, Cape & Gulf Economic Challenges & Opportunities. Economic Development Forum Cummings Economics Ref: J2239 | 31 July 2009.

Cummings Economics from Queensland Department of Mines and Energy Cummings Economics / July 2009 MINERAL PRICES Cummings Economics / July 2009 MINING AFFECTED ● WOLFRAM CAMP ● CHILLAGOE ● WATERSHED ● NORNICO ● COPPER STRIKE ● WEIPA ● OTHERS Cummings Economics // NOT HIGH Cummings Economics / July 2009 OTHER OPPORTUNITIES ● MINERALS ● AGRICULTURAL & FOREST PRODUCTS NEWLY INDUSTRIALISING COUNTRIES MASSIVE INCREASE IN DEMAND FOR Cummings Economics / July 2009. . MINERAL PRICES Cummings Economics / July 2009 /


PRINCIPLES OF ECONOMICSupply  Law of Supply  Changes in Supply  Elasticity of Supply  Equilibrium of Demand& Supply BY Ms. Samina Ansari Lecturer.

to infinity a certain price. It will be perfectly elastic supply curve.” Perfectly Inelastic Supply Curve Definition: “When the change in price becomes totally in effective on the quantity supplied of a product the supply becomes perfectly inelastic.” EQUILIBRIUM OF DEMAND & SUPPLY & PRICE DETERMINATION What Does Economic Equilibrium Mean? When supply and demand are equal (i.e. when the supply function and demand function intersect) the economy is said to be at equilibrium/


Volatility of container ocean freight. 1. The basic economics. 2. Implications for the industry 3. Predicting Demand 4. Controlling Supply 5. Options.

- Shall production in Asia shift away from China? - What will be the economic growth in Europe? Conclusion Forecasting demand is very, very difficult Solution? We need to adjust supply 4. CONTROLLING SUPPLY (Long term) Source: Unctad. - No consultation between carriers - Time lag /even larger amount of NVOCC - No carrier with a dominant market position 5. OPTIONS FOR CARRIERS 3. Increasing Cost, Time and Perception of risk A. Cost - Cost of switching is very low - Carriers will (have to) try to increase this/


Kingdom Economics: Faith for Finances. World vs. Kingdom Economics:  World System Economics ◦ Buying & Selling/Supply & Demand ◦ Culture/Value: Greed/Lust.

for Finances World vs. Kingdom Economics:  World System Economics ◦ Buying & Selling/Supply & Demand ◦ Culture/Value: Greed/Lust  Kingdom of God Economics ◦ Sowing & Reaping ◦ Culture/Value: Giving/Love  Perception changes EVERYTHING  Change in thinking = Change in ways  Fundamental change in our core must take place for desired PERMANENT results Faith & Finance  Strategies to Transition ◦ The bible is our constitution and instruction manual. ◦ See the blessings rather than/


Chapter 3: Demand and Supply

Demand and Supply the price of that good in the law of demand. consumers income. The law of demand includes the statement "other things being equal." These other things include all of the following EXCEPT the price of that good in the law of demand. consumers income. consumers tastes and/ is FALSE? There is an inverse (negative) relationship between product price and quantity supplied. There is some price at which quantity supplied of a product is zero. As product price increases, producers are willing/


Steve Keen Political Economy: Critique of Neoclassical Economics Wrong answers to the wrong questions: Demand.

Keen 2005 Advanced Political Economy, Economics & Finance, University of Western Sydney Consumer demand Now add lots of consumers together… And we get a downward sloping demand curve where consumer welfare rises as price falls: Bananas Price of Bananas The demand curve Now stage two: the upward-sloping supply curve 9 ©Steve Keen 2005 Advanced Political Economy, Economics & Finance, University of Western Sydney Supply Producers are short run profit/


Chapter 2: Demand, Supply, and Market Equilibrium McGraw-Hill/Irwin Copyright © 2011 by the McGraw-Hill Companies, Inc. All rights reserved.

in Market Equilibrium Qualitative forecast Predicts only the direction in which an economic variable will move Quantitative forecast Predicts both the direction and the magnitude of the change in an economic variable 2-49 Demand Shifts (Supply Constant) (Figure 2.7) 2-50 Supply Shifts (Demand Constant) (Figure 2.8) 2-51 Simultaneous Shifts When demand & supply shift simultaneously Can predict either the direction in which price changes or/


UBEA 1013: ECONOMICS 1 CHAPTER 12: AGGREGATE DEMAND-SUPPLY MODEL 12.1 Aggregate Demand Curve 12.2 Aggregate Supply Curve 12.3 Equilibrium & Changes.

, is a change in costs that shifts the aggregate supply (AS) curve. Shift of Aggregate Supply Curve: UBEA 1013: ECONOMICS 14 12.3 Equilibrium & Changes The equilibrium price level is the point at which the aggregate demand and aggregate supply curves intersect. P 0 and Y 0 correspond to equilibrium in the goods market and the money market and a set of price/output decisions on the part of/


Economics Mid-Term Review Chapters 1 – 7. Concepts  Paradox of Value  Opportunity Cost  Trade-offs  Economic Interdependence  Capital Goods  Productivity.

1 – 7 Concepts  Paradox of Value  Opportunity Cost  Trade-offs  Economic Interdependence  Capital Goods  Productivity Concepts  Production Possibilities Frontier What does it show?/Minimum Wage Law  Competitive Market Economy  Price Support  Market Demand and Supply Schedules  Rationing – What is it? How does it work? Concepts  Market Equilibrium Reading Graphs Impact of changes in demand and supply on equilibrium.  Deficiency Payments Concepts  Market Structures Characteristics/Descriptions /


Supply & Demand. Before We Start Economic Terms: Market Competitive Market Perfectly Competitive Normal Good Inferior Good Substitutes Complements Ceteris.

. Give two economic ways (in terms of demand) that the government could use to stop teenage smoking. Use graphs to show your work for both answers. Supply What Determines Supply? Determinants Price Input Prices Technology Expectations Determinants Price Input Prices Technology Expectations Terms Law of Supply Supply Schedule Supply Curve Terms Law of Supply Supply Schedule Supply Curve Supply Quantity Supplied  Movement along Demand Curve Price Determinants of Supply  Change in the Demand Curve Price/


Elasticity of Demand Chapter 5. Slope of Demand Curves Demand curves do not all have the same slope Slope indicates response of buyers to a change in.

tax does not depend on whether the tax is levied on buyers or sellers It depends on the price elasticities of supply and demand. The burden falls on the side of the market that is less elastic Incidence of Tax Summary Welfare Economics Chapter 7: Consumer Surplus Consumers, Producers & Efficiency of Markets Market equilibrium reflects the way markets allocate scarce resources Whether the market/


Individual Firm Quantity (firm) 0 Price Entire Market Quantity (market) Price 0 DDemand, 1 SShort-run supply, 1 P 1 ATC P 1 1 Q A MC AVC In a Competitive.

1 ATC P 1 1 Q A MC AVC Must produce at Efficient Scale Economic profit = ZERO P = MC = ATC = MR Short Run Increase in Demand Market Firm Quantity (firm) 0 Price P 1 Quantity (market) Long-run supply Price 0 D 1 D 2 P1P1 S 1 P 2 Q 1 A /market) Price 0 P 1 P2P2 Q1Q1 Q2Q2 Long-run supply B D1 D 2 S1S1 A S 2 Q 3 C Profits induce entry and market supply increases The increase in supply lowers market price. In the long run market price is restored, but market supply is greater. Entry/Exit is a Long run concept! /


Factors of Production Part II (Chapter 18). MRP sometimes call Value of Marginal Product ( VMP ) MRP If MB ≥ MC do it If MB < MC don’t Economic Decision.

sometimes call Value of Marginal Product ( VMP ) MRP If MB ≥ MC do it If MB < MC don’t Economic Decision Making: Shifts in Labor Demand Demand for Product Productivity –Technology, working conditions, etc... Price of other resources: –Price of complementary resource –Price of substitute/will Get me to work? A Shift in Labor Supply Wage (price of labor) 0 Quantity of Labor Supply,S Demand 2.... reduces the wage... 3.... and raises employment. 1. An increase in labor supply... S W L W L More workers hired /


UBEA 1013: ECONOMICS 1 CHAPTER 5: MARKET STRUCTURE: PERFECT COMPETITION 5.1 Characteristic 5.2 Short-run Decision: Profit Maximization 5.3 Short-run Decision:

profit. (>> economic profit = 0 >> normal profit = normal rate of return) UBEA 1013: ECONOMICS 3 Figure 5.1: Market and Firm’s Demand Curve 5.1 Characteristic UBEA 1013: ECONOMICS 4 5.2/economic cost Zero econ profit UBEA 1013: ECONOMICS 14 WHY zero economic profit ??? A) FREE ENTRY & EXIT When economic profit > 0: >> Encourage NEW firms to come in >> Market supply increase (SS curve shift rightward) >> Price drop >> TR drop >> profit drop >> When economic profit = 0, no incentive to come in When economic/


THE GLOBAL ECONOMY. FINANCING INTERNATIONAL TRADE Markets exist everywhere there is supply & demand There are markets where dollars can be exchanged for.

supply & demand There are markets where dollars can be exchanged for foreign currency FOREIGN EXCHANGE Def. – Foreign currencies used by countries to conduct international trade. Currencies are bought & sold in the foreign exchange market American companies sometimes accept foreign currencies, and/itself STRONG V. WEAK DOLLAR Flexible exchange rates allow trade imbalances to correct itself through supply & demand Strong currency leads to deficit & eventually a decline in value of dollar by encouraging /


Economics o Economics o Microeconomics o Macroeconomics o Resource Development o Adam Smith  freedom of ownership  profits o Invisible Hand o Malthusian.

Right to business ownership o Right to freedom of competition o Right to freedom of choice Free Market Supply Demand Supply and Demand Curves Equilibrium Point Market Price Economics Perfect competition o commodity Monopolistic competition Oligopolistic Competition Monopoly Inequality Socialism Communism Mixed economies o Free-market o Command Economics o Economic Indicators o GDP o Unemployment Rate o Underemployment o Price Index o Inflation o Disinflation o Deflation/


FIRMS HOUSEHOLDS QO P D S QfQf PfPf Factor market QO P D S QgQg PgPg Goods market Factor services Goods Factor demand Factor supply Goods supply Goods.

Factor services Goods Factor demand Factor supply Goods supply Goods demand Rs x W1W1 Substitution effect dominates Income effect dominates H1H1 Wage Hours worked O Backward-bending labor supply curve. x Output /Σ i i Present value of machine that generates Rs. 1,000 for four years and then sold as scrap for Rs. 1,000 at the end of year 4? /, otherwise don’t Buy. Net present value = PV – Purchase cost 1.1 1 Online economics course QTCMCAC 5050,000 1000 10050,000 500 15050,000 330 20050,000 250 50,000 200 /


AS Economics PowerPoint Briefings 2007 tutor2u ™ tutor2u ™ Exchange Rates.

countries with whom we trade most Using demand and supply analysis show what happens to the value of the pound when: There is an increase in British exports Foreign investors are seeking to invest cash into British business. Stock market traders are expecting the value of the £ to fall. Factors influencing the exchange rate: Interest Rates Economic Growth Inflation Balance of Payments Market Speculators


PPA 723: Managerial Economics Lecture 3: Market Equilibrium.

consumers want to buy at a given price, holding constant other factors Managerial Economics, Lecture 3: Market Equilibrium Summing Demand and Supply Curves Market curves equal horizontal summation of individual curves They show total quantity demanded or supplied at each possible price Managerial Economics, Lecture 3: Market Equilibrium Total Supply with and without a Ban on Imports p, Price per ton p, Price per ton p, Price per ton/


Supply, Demand and Government Policies

Supply, Demand and Government Policies JOIN KHALID AZIZ ECONOMICS OF ICMAP, ICAP, MA-ECONOMICS, B.COM. FINANCIAL ACCOUNTING OF ICMAP STAGE 1,3,4 ICAP MODULE B, B.COM, BBA, MBA & PIPFA. COST ACCOUNTING OF ICMAP STAGE 2,3 ICAP MODULE D, BBA, MBA & PIPFA. CONTACT: 0322-3385752 R-1173,ALNOOR SOCIETY, BLOCK 19,F.B.AREA, KARACHI, PAKISTAN. Supply, Demand, and Government Policies In a free, unregulated market/


Cotton Economic Update National Cotton Council Mid-Year Board Meeting Aug 22-24, 2007.

Economic/Mill Use India Cotton Supply & Use Brazil Cotton Supply & Use Cotton Production & Use (Foreign less China) China Cotton Supply & Use U.S. Cotton Exports World Cotton Production & Use Cotton Stocks-to-Use Nearby NY and “A” (FE/ tighten  Continued competition for available acres  Bearish Factors  Expanding production in other countries (India)  Maintaining demand at higher price levels Price Indices Looking Forward  Bullish Factors  Production below use  Stocks tighten  Continued competition /


Mr. Bernstein Module 71: The Market for Labor December 18, 2014

, etc.) is similar to income effect, increases consumption of leisure AP Economics Mr. Bernstein Equilibrium in the Labor Market Combine the demand from many firms and individuals Demand is downward sloping Supply is upward sloping Value of W* = Marginal Product of last unit of labor hired Market Labor Demand Market Labor Supply Wage W* AP Economics Mr. Bernstein Imperfect Competition in the Product Market In Perfect Competition VMPL/


Chapter Twenty-Three Industry Supply. Supply From A Competitive Industry u How are the supply decisions of the many individual firms in a competitive.

exit can occur. u Consequently, in a short-run equilibrium, some firms may earn positive economics profits, others may suffer economic losses, and still others may earn zero economic profit. Short-Run Industry Equilibrium Market demand Short-run industry supply psepse YseYse Y Short-run equilibrium price clears the market and is taken as given by each firm. Short-Run Industry Equilibrium y1y1 y2y2 y3y3 AC s/


AP Microeconomics Visual Visual 2.2 National Council on Economic Education Determinants of Demand FACTORS THAT SHIFT THE DEMAND.

Visual Visual 2.6 National Council on Economic Education http://apeconomics.ncee.net Shifts in Demand and Supply AP Microeconomics Visual Visual 2.7 National Council on Economic Education http://apeconomics.ncee.net Qualities That Affect Elasticity of Demand AP Microeconomics Visual 2.10 National Council on Economic Education http://apeconomics.ncee.net Tax Incidence and Elasticity of Demand The more inelastic the demand for a good, the more the/


Economic Environment (Macro)

Affect a firm’s Expenses: Affect a firm’s Revenue: Demand and Supply What is demanded by customers or supplied by producers based on PRICE CHANGE in S or D Determination of MARKET PRICE: Market Price Influences Government Influence: Monetary Policy What is Monetary Policy? Interest Rates Government Influence: Fiscal Policy What is Fiscal Policy? Economic Environment Macroeconomic factors that affect business performance include: Market prices/


Chapter 11: Classical and Keynesian Macro Analyses

but real Gross Domestic Product (GDP) does not. there are unemployed resources and prices do not fall when aggregate demand falls. Answer: D The figure below presents the view of the economy according to Keynesian economics. classical economics. microanalysis. Ricardian economics. Answer: A The relevant range of the aggregate supply curve (AS) is vertical. What is the underlying assumption of the original, simplified Keynesian model? The/


Chapter Twenty-Three Industry Supply. Supply From A Competitive Industry u How are the supply decisions of the many individual firms in a competitive.

exit can occur. u Consequently, in a short-run equilibrium, some firms may earn positive economics profits, others may suffer economic losses, and still others may earn zero economic profit. Short-Run Industry Equilibrium Market demand Short-run industry supply psepse YseYse Y Short-run equilibrium price clears the market and is taken as given by each firm. Short-Run Industry Equilibrium y1y1 y2y2 y3y3 AC s/


The Demand for New Houses Robert T. Gordon MBA 570.

Metropolitan areas  Mid-West Historical Studies  “Housing and Economics” by William F. Solomon (http://www.personal.psu.edu/users/w/f/wfs120/ist110_wfs/ Portfolio.html )  Attributes increased demand for housing to the increasing “civilian non-institutional population”/HSExogenous+- DJIExogenous++ Variable Description  M1 (Money Stock) is a measure of total money supply. The M1 money supply includes only checkable demand deposits. Variables cont..  FX & Yen represents the dollar to yen foreign exchange /


Industry Supply. Supply From A Competitive Industry u How are the supply decisions of the many individual firms in a competitive industry to be combined.

exit can occur. u Consequently, in a short-run equilibrium, some firms may earn positive economic profits, others may suffer economic losses, and still others may earn zero economic profit. Short-Run Industry Equilibrium Market demand Short-run industry supply psepse YseYse Y Short-run equilibrium price clears the market and is taken as given by each firm. Short-Run Industry Equilibrium y1y1 y2y2 y3y3 AC s/


Supply Side Economics Does this really work?. What is the purpose Of Income Taxes?

is the purpose Of Income Taxes? Supply-Side Economics Orthodox macro theory consists of demand-oriented theories – they failed to explain stagflation (late 1970s) Supply-side economists believe the problems were high rates of taxation & heavy regulation: –This had reduced the incentive to work, save and invest. –What was needed was not a demand stimulus –Incentives are needed to stimulate supply. What is De-regulation? The Laffer/


1 Chapter 2 Determination of Interest Rates Financial Markets and Institutions, 7e, Jeff Madura Copyright ©2006 by South-Western, a division of Thomson.

 The interest rate for a currency is determined by the demand for and supply of that currency Impacted by the economic forces that affect the equilibrium interest rate in a given country, such as:  Economic growth  Inflation  Shifts in the flows of funds between countries cause adjustments in the supply of funds available in each country 28 Economic Forces That Affect Interest Rates (cont’d) Explaining the/


MICE Muenster Institute for Computational Economics University of Muenster Economics of OSS MSR Cambridge 1 The Economics of Open Source Software - Prospects,

Sustainability Policy Implications Summary MICE Muenster Institute for Computational Economics University of Muenster Economics of OSS MSR Cambridge 12 Market System and Allocation of Resources Software Price Labor Wage rate Software marketLabor market Supply Demand Supply Demand Production Introduction Economic Efficiency Sustainability Policy Implications Summary MICE Muenster Institute for Computational Economics University of Muenster Economics of OSS MSR Cambridge 13 Market Failures? Shouldn’t/


Commercial Economics Market System - Demand, Supply, Prices The Market System Demand, Supply and Price Determination.

the resource-poor regions that are prospering relative to the resource-rich ones” (4) –Government intervention?  “has occurred only in a subset of industries, and is far from universally successful even in Japan and Korea.” Commercial Economics Market System - Demand, Supply, Prices 43March-April 2008 Competitive Advantage Management style? –“What is celebrated as good management practice in one industry would be disastrous in another.” (4/


Management Science Modeling of Risk in 21 st Century Supply Chains David L. Olson James & H.K. Stuart Chancellor’s Distinguished Chair University of Nebraska.

]: identification, assessment, prioritization of risks followed by coordinated and economical application of resources to minimize, monitor, and control the probability and/or impact of unfortunate events – WATCH, DO SOMETHING 3/ Flexible supply base – avoid sole sourcing Economic supply incentives – subsidize key items, such as flu vaccine Flexible transportation – multi-carrier systems, alliances Dynamic pricing & promotion – yield management Dynamic assortment planning – influence demand Silent product/


E-Commerce School Southwestern University of Finance & Economics INTERNATIONAL ECONOMICS 2005 INTERNATIONAL ECONOMICS 2004 / 2005.

we need to bring the demand and the supply together and find the price that satisfies the customer and the supplier. http://www.bized.ac.uk E-Commerce School Southwestern University of Finance & Economics INTERNATIONAL ECONOMICS 2005 Equilibrium Price u The price that balances supply and demand. On a graph, it is the price at which the supply and demand curves intersect. Equilibrium Quantity u The quantity that balances supply and demand. On a graph it/


DEMANDSUPPLY. The Law of Demand Holding all relevant factors constant – quantity demanded is an inverse function of price. NOTE Terminology This THE.

DEMANDSUPPLY The Law of Demand Holding all relevant factors constant – quantity demanded is an inverse function of price. NOTE Terminology This THE MOST powerful propostiton in economics Demand (own) Price Ceteris Paribus Conditions Ceteris paribus Conditions Tastes (can’t explain where they come from) Let others do this. For economists tastes are unexplained Income – normal goods/inferior goods Prices of Other Goods – substitutes and compliments – the movement/


WHY?. The Benefits of Studying ECONOMICS l Helps You to Decide Who to Vote For in an Election l Helps You to Understand Your Boss’ Thinking l Helps You.

Supply Schedule” Supply & Demand Graphing Supply & Demand Graphing Demand Supply & Demand Graphing Supply Supply & Demand (Finding the Equilibrium Point) At this point I will Max. my profit & have no waste: Approx. 8 items @ $.09 each = $.72 Supply & Demand A Change in Demand D1 D2 Supply & Demand A Change in Demand D1 D2 D3 Supply & Demand A Change in Supply S2 S1 S3 OBJECTIVE Be able to describe what the terms “buyer’s” and “seller’s” market mean Supply & Demand Graphing Buyer’s Market Supply & Demand/


McGraw-Hill/Irwin Copyright © 2013 by The McGraw-Hill Companies, Inc. All rights reserved. Chapter 2: Demand, Supply, and Market Equilibrium.

by The McGraw-Hill Companies, Inc. All rights reserved. Chapter 2: Demand, Supply, and Market Equilibrium Managerial Economics Demand and Supply (-) (+,-) (+,-) (+) (+) (+) (+) (-) (-) (+) (-) (+) Managerial Economics 2-3 Demand vs. Quantity Demanded Quantity demanded ( Q d ) Amount of a good or service consumers are willing & able to purchase at a given price Dr. Chen’s notes: If someone asks, “Do you have demand on apple?” I believe your answer is “Yes.” You are supposed to/


Economic Concepts Review. Factors of Production Economic Types SupplyDemandMixed Bag 100 200 300 400 500.

authority Answer A command economy Economic Types: 500 Question: This economic system is when the government controls certain economic decisions and other decisions are controlled privately. Answer A Mixed Economy Supply: 100 Question: The amount of goods and services that producers will provide at various prices is called? Answer Supply Supply: 200 Question: What affects the quantity supplied? Answer Price Supply: 300 Question: As the quantity supplied increases, how is price/


ECONOMIC THEORIES Andrew Simler. Mercantilism Mineral resources are wealth Zero-sum game Balance of trade  Exports are good, imports are bad  Tariffs.

scarcity Mathematical modeling  Marginalism Three assumptions  Rational behavior  Maximum utility  Full information Keynesian Economics Markets are not perfectly efficient  Recessions and depressions  Government intervention Supply can exceed demand  Downward spiral in price Liquidity trap Monetarism Reaction against Keynesian thought Money supply is key  Great Depression was fault of Federal Reserve  Money supply should grow steadily to match growth of economy The market will then sort out/


Economics 8.4.1. The Fundamental Economic Problem There is not enough to go around…resources are limited. Economics- the study of how we make decisions.

things we would like to have. Making Economic Decisions Because of scarcity, we have to make/Demand- the quantity demanded and price move in opposite directions If the price is high,…? If the price is low,…? Factors affecting demand 1. Changes in the number of consumers 2. Changes in consumers’ income 3. Changes in consumers’ tastes 4. Changes in consumers’ expectations 5. Changes in substitutes (pen/pencil, butter/margarine, coffee/tea) 6. Changes in complements (computers/software, cars/gasoline) Supply/


BACHELOR OF ARTS IN ECONOMICS Econ 111 – ECONOMIC ANALYSIS Pangasinan State University Social Science Department – PSU Lingayen CHAPTER 5 MARKET EQUILIBRIUM.

less, prices will rise. Change in Supply and Demand and Equilibrium Price BACHELOR OF ARTS IN ECONOMICS Econ 111 – ECONOMIC ANALYSIS Pangasinan State University Social Science Department – PSU Lingayen Increase in both Demand and Supply BACHELOR OF ARTS IN ECONOMICS Econ 111 – ECONOMIC ANALYSIS Pangasinan State University Social Science Department – PSU Lingayen Decrease in Demand and Increase in Supply BACHELOR OF ARTS IN ECONOMICS Econ 111 – ECONOMIC ANALYSIS Pangasinan State University Social Science/


Review China’s economic transformation & growth. Identify & describe key issues in US-Chinese relations. Deconstruct the “currency war” Evaluate speeches.

Laws Protect rights of businesses over their creations China pirates US music, film, and software products RecallRemove dangerous products from shelves Lack oversight & safety in Chinese /economic recovery Chinese Govt “pegs” currency– sets fixed exchange rate (rate at which bought/sold on foreign exchange markets) Currently no demand for RNB/Yuan = weak value = cheaper goods US Govt wants China to “float” RMB – allow rate to be determined on open market through supply & demand Stable econ = high demand/


© 2005 Thomson C hapter 3 Demand and Supply. © 2005 Thomson Gottheil - Principles of Economics, 4e 2 Economic Principles Individual and market demand.

switch to growing soybeans. © 2005 Thomson Gottheil - Principles of Economics, 4e 57 EXHIBIT 9AINCREASES IN DEMAND AND SUPPLY © 2005 Thomson Gottheil - Principles of Economics, 4e 58 EXHIBIT 9BINCREASES IN DEMAND AND SUPPLY © 2005 Thomson Gottheil - Principles of Economics, 4e 59 Exhibit 9: Increases in Demand and Supply (panel a) When both demand and supply increase: Equilibrium quantity increases. The effect of an increase in both supply an demand on price depends on the relative size of the/


Skills : The global currency Uma Ganesh. Profound shift in the global centres of economic activity – Europe registering the highest growth currently Profound.

Time zone Differential Time zone Differential Canada Canada Latent demand Latent demand High capital costs High capital costs China China Language /and pharma Biotech Greater is the size of the bubble, bigger is the size of the industry High Low High Employment Potential India’s Economic Landscape India’s Economic/ Center Technology supported Academic Pedagogy Information Technology Banking & Finance Services Supply chain & Logistics Healthcare Human Resources Publishing & Research Replicating Indian /


SUPPLY and DEMAND The basic model of market economics.

SUPPLY and DEMAND The basic model of market economics Demand Schedule Demand Curve $3.00 2.50 2.00 1.50 1.00 0.50 213456789101211 $/unit Units/week 单位 / 周 0 Determinants of Demand Market price Consumer income Prices of related goods Tastes Expectations Movements along the demand curve 0 D1D1 $/unit units/week A C 8 1.00 $2.00 4 Shifts in the demand curve 0 D1D1 $/unit units/


© 2007 Worth Publishers Essentials of Economics Krugman Wells Olney Prepared by: Fernando & Yvonn Quijano.

that autonomous change. (16-5)(16-6) chapter © 2007 Worth Publishers Essentials of Economics Krugman Wells Olney 27 of 44 The AS–AD Model In the AS–AD model, the aggregate supply curve and the aggregate demand curve are used together to analyze economic fluctuations. chapter © 2007 Worth Publishers Essentials of Economics Krugman Wells Olney 28 of 44 The AS–AD Model Short-Run Macroeconomic Equilibrium/


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