Behind the Market Demand Curve The Theory of Consumer Choice

Slides:

Advertisements

Similar presentations

PowerPoint Slides by Robert F. BrookerCopyright (c) 2001 by Harcourt, Inc. All rights reserved. Law of Demand There is an inverse relationship between.

Advertisements

PowerPoint Slides by Robert F. BrookerCopyright (c) 2001 by Harcourt, Inc. All rights reserved. Law of Demand A decrease in the price of a good, all other.

Monopolistic Competition

Managerial Economics & Business Strategy

Deriving AD From IS-LM Model. IS - LM LM curve is function of money demand, which is function of price level So each LM is associated with a given price.

The Market for Loanable Funds Chapter 13. The Market for Loanable Funds Financial markets coordinate the economy’s saving and investment in the market.

McGraw-Hill/Irwin Copyright  2006 by The McGraw-Hill Companies, Inc. All rights reserved. INDIFFERENCE CURVE ANALYSIS INDIFFERENCE CURVE ANALYSIS Chapter.

Copyright © 2008 Pearson Education, Inc. Chapter 6 Applications of the Derivatives Copyright © 2008 Pearson Education, Inc.

Michael R. Baye, Managerial Economics and Business Strategy, 3e. ©The McGraw-Hill Companies, Inc., 1999 Managerial Economics & Business Strategy Chapter.

Chapter 7: Consumer choice

PowerPoint Slides by Robert F. BrookerCopyright (c) 2001 by Harcourt, Inc. All rights reserved. Indifference Curves.

CHAPTER 4 The Theory of Individual Behavior Copyright © 2014 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior.

Chapter Five: Welfare Analysis. Consumer Surplus.

AN INTRODUCTION TO MICROECONOMICS Dr. Mohammed Migdad.

PowerPoint Slides by Robert F. BrookerHarcourt, Inc. items and derived items copyright © 2001 by Harcourt, Inc. Managerial Economics in a Global Economy.

Prepared by Robert F. Brooker, Ph.D. Copyright ©2004 by South-Western, a division of Thomson Learning. All rights reserved.Slide 1 Managerial Economics.

The Theory of Individual Behavior

1 Chapter 1 Appendix. 2 Indifference Curve Analysis Market Baskets are combinations of various goods. Indifference Curves are curves connecting various.

McGraw-Hill/Irwin Copyright © 2009 by The McGraw-Hill Companies, Inc. All rights reserved. Consumer Behavior Chapter 7.

CHAPTER 10 The Rational Consumer PowerPoint® Slides by Can Erbil © 2004 Worth Publishers, all rights reserved.

Consumer Choice. Learning Objectives: Understanding consumer opportunity and consumer preference How do changes in price and income influence consumer.

PowerPoint Slides by Robert F. BrookerHarcourt, Inc. items and derived items copyright © 2001 by Harcourt, Inc. Managerial Economics in a Global Economy.

C opyright  2007 by Oxford University Press, Inc. PowerPoint Slides Prepared by Robert F. Brooker, Ph.D.Slide 1 1.

Macroeconomics CHAPTER 3 Supply and Demand PowerPoint® Slides by Can Erbil © 2004 Worth Publishers, all rights reserved.

5.1 Copyright © 2014 Pearson Education, Inc. An Economics Applications: Consumer Surplus and Producer Surplus OBJECTIVE Given demand and supply functions,

C opyright  2007 by Oxford University Press, Inc. PowerPoint Slides Prepared by Robert F. Brooker, Ph.D.Slide 1 1.

Copyright © 2011 Pearson Education, Inc. Publishing as Pearson Addison-Wesley. Chapter 4 Applications of the Derivative.

C opyright  2007 by Oxford University Press, Inc. PowerPoint Slides Prepared by Robert F. Brooker, Ph.D.Slide 1 1.

PART 3 MICROECONOMICS OF PRODUCT MARKETS Prepared by Dr. Amy Peng Ryerson University © 2013 McGraw-Hill Ryerson Ltd.

Slide 4.1 Worthington, Economics for Business, 2 nd edition © Pearson Education Limited 2006 Figure 4.1 The utility and marginal utility curves.

Chapter 11: Income Inequality and Poverty Pages Consumer Behavior and Utility Maximization.

Copyright 2011The McGraw-Hill Companies 5-1 Law of Diminishing Marginal Utility Theory of Consumer Behavior Deriving the Demand Curve Applications and.

7 Consumer Behavior and Utility Maximization

Chapter 19 Appendix: Indifference Curves McGraw-Hill/Irwin Copyright © 2013 by The McGraw-Hill Companies, Inc. All rights reserved. 13e.

Demand A Schedule Showing the Consumers are Willing and Able to Purchase At a Specified Set of Prices During A Specified Period of Time Amounts of a Good.

Midterm Evaluations What you can do… n Study more, ready more, be more attentive in class, come see me more… What I can do… n More examples in class n.

Prepared by Robert F. Brooker, Ph.D. Copyright ©2004 by South-Western, a division of Thomson Learning. All rights reserved. Slide 1 Managerial Economics.

Appendix 21 appendix - 1 Copyright McGraw-Hill/Irwin, 2002 A Consumer’s Budget Line A Consumer’s Product Indifference A Consumer’s Equilibrium Position.

Factors the Affect Demand Unit 4.2. More About the Demand Curve Law of Diminishing Marginal Utility – The second item will not give as much satisfaction.

Demand: It is the quantity of a good or service that customers are willing and able to purchase during a specified period under a given set of economic.

Chapter 4 Appendix 2 Applying the Asset Market Approach to a Commodity Market: The Case of Gold.

Copyright © 2012 McGraw-Hill Australia Pty Ltd PowerPoint presentation to accompany Economic Principles 3e, by Jackson, McIver, Wilson & Bajada Slides.

Chapter 4 Consumption, Saving, and Investment. Copyright © 2005 Pearson Addison-Wesley. All rights reserved. 4-2 Figure 4.1(a) The index of consumer sentiment,

Micro Economics in a Global Economy

Managerial Economics in a Global Economy, 5th Edition by Dominick Salvatore Chapter 3 Demand Theory Prepared by Robert F. Brooker, Ph.D. Copyright.

Micro Economics Chapter 3 Demand Theory

Micro Economics in a Global Economy

Micro Economics in a Global Economy

Chapter 2 Optimization Techniques and New Management Tools

Indifference Analysis

Micro Economics in a Global Economy

Managerial Economics & Business Strategy

Indifference Curve Analysis

PowerPoint Exhibit Slides to Accompany Principles of Economics

Applications of Rational Choice and Demand Theories

محاضرات في التحليل الاقتصادي الجزئي

Chapter 1: Appendix The Basics of Demand, Supply, and Equilibrium

Chapter 8 Market Structure: Perfect Competition, Monopoly , Oligopoly and Monopolistic Competition PowerPoint Slides by Robert F. Brooker Harcourt, Inc.

Managerial Economics in a Global Economy

Managerial Economics in a Global Economy

Managerial Economics in a Global Economy

TOPICS FOR FURTHER STUDY

Chapter 5 Consumers and Incentives

Managerial Economics in a Global Economy

Managerial Economics in a Global Economy

Managerial Economics in a Global Economy

Managerial Economics in a Global Economy

Indifference Analysis- The Demand Curve

Demand Curves © 1998 by Peter Berck 7/19/2019.

Chapter 6A Practice Quiz Tutorial Indifference Curve Analysis

Presentation transcript:

Behind the Market Demand Curve The Theory of Consumer Choice Micro Economics Chapter 3: Appendix Behind the Market Demand Curve The Theory of Consumer Choice PowerPoint Slides by Robert F. Brooker Harcourt, Inc. items and derived items copyright © 2001 by Harcourt, Inc.

Indifference Curves PowerPoint Slides by Robert F. Brooker Harcourt, Inc. items and derived items copyright © 2001 by Harcourt, Inc.

The Budget Line GF: M = $6, PX = PY = $1 GF’: PX = $2 GF’’: PX = $0.67 PowerPoint Slides by Robert F. Brooker Harcourt, Inc. items and derived items copyright © 2001 by Harcourt, Inc.

Consumer Equilibrium PowerPoint Slides by Robert F. Brooker Harcourt, Inc. items and derived items copyright © 2001 by Harcourt, Inc.

Derivation of the Consumer’s Demand Curve PowerPoint Slides by Robert F. Brooker Harcourt, Inc. items and derived items copyright © 2001 by Harcourt, Inc.

Separation of the Substitution and Income Effect of a Price Change PowerPoint Slides by Robert F. Brooker Harcourt, Inc. items and derived items copyright © 2001 by Harcourt, Inc.