'Horizontal summation' presentation slideshows

Chapter 3 Market Supply and Demand

1.38k views • 97 slides

Market Demand

905 views • 49 slides

Lecture 4: Demand, Supply and Equilibrium

Lecture 4: Demand, Supply and Equilibrium. Required Text: Chapter 2. Law of Demand. When price of a good goes up, people buy less of that good Leads to downward sloping demand curve. Demand versus Quantity Demanded. Quantity Demanded Amount of a good consumed at a given price

602 views • 36 slides

455 views • 31 slides

Part 4 The Theory of Demand

507 views • 27 slides

Basic Microeconomic Tools

Basic Microeconomic Tools. Efficiency and Market Performance. Contrast two polar cases perfect competition monopoly What is efficiency? no reallocation of the available resources makes one economic agent better off without making some other economic agent worse off

751 views • 25 slides

Microeconomics Demand

Microeconomics Demand. Curves sloping downward From the firm to the industry Estimating demand Guideline to pricing strategy . From choosing to demand: review. The demand curve traces out your choices as price changes, holding other factors constant. The price of clothes falls and you

427 views • 25 slides

Market Failure (?): Public Goods, Common Property & Externalities

Market Failure (?): Public Goods, Common Property & Externalities. Dr. D. Foster Microeconomics. When do markets fail?. When will even perfectly competitive markets fail to produce the allocatively efficient level of output?. Public goods Common property Positive externalities

363 views • 22 slides

Public goods

Public goods. free goods vs scarce goods. Classification of goods. capital goods vs consumer goods. normal goods vs inferior goods vs giffen goods. private goods vs public goods. music. military services. weather forecasting. movie of Stephen Chow. Public goods. Private goods.

1.68k views • 18 slides

Review for Quiz 1

Review for Quiz 1. Peter Berck 2011 Env . Econ. 1. Supply and Demand. Supply and Demand demand vs. quantity demanded supply vs. quantity supplied movements along vs. shifts of S & D price ceiling, price floor economic shortage/surplus market & individuals' demand curves

269 views • 14 slides

Model of Perfect Competition

318 views • 8 slides