'Short run equilibrium' presentation slideshows

Inflation and Aggregate Supply

Inflation and Aggregate Supply. Principles of Macroeconomics Dr. Gabriel X. Martinez Ave Maria University. Inflation and Aggregate Supply. Where does inflation come from? If people, businesses and government demand more goods, their prices will rise.

1.28k views • 115 slides

Market Structures

Market Structures. The Degree of Competition. Classifying markets number of firms freedom of entry to industry nature of product nature of demand curve The four market structures perfect competition monopoly monopolistic competition oligopoly. Features of the four market structures.

1.66k views • 100 slides

Chapter Twenty-Two

Chapter Twenty-Two. Introduction. While the economy can and does move away from long-run equilibrium, it has a natural self-correcting mechanism. It returns it to the point where resources are being used at their normal rates and Gaps between current and potential output disappear.

1.1k views • 98 slides

Perfect Competition Long Run Overheads

Perfect Competition Long Run Overheads. Review of short run equilibrium. The number of firms is fixed. The firm is operating on a short-run cost curve. Some inputs are fixed. The market or industry supply curve, Q S , is the horizontal summation of the individual firm supply curves.

1.01k views • 91 slides

Spending and Output in the Short Run

Spending and Output in the Short Run. Introduction. Observations Spending, in the short run, may not be sufficient to support a normal level of output. Therefore, recessionary gaps are caused by insufficient aggregate spending. Introduction. John Maynard Keynes

863 views • 72 slides

Spending and Output in the Short Run

Spending and Output in the Short Run. Introduction. Spending, in the short run, may not be sufficient to support a normal level of output. Therefore, recessionary gaps are caused by insufficient aggregate spending. Introduction. John Maynard Keynes

891 views • 72 slides

Personal Web Site (information, materials, advices): https://beatricevitali-unibo.weebly/

Personal Web Site (information, materials, advices): https://beatricevitali-unibo.weebly.com/. Email: beatrice.vitali8@unibo.it. Dott.ssa Vitali Beatrice. Macroeconomics Exercise 5 (Ch. 11, 12 and 13). Aggregate Demand I (Ch. 11) Aggregate Demand II (Ch. 12)

603 views • 60 slides

Chapter 12

Chapter 12. The Aggregate Demand and Supply Model. Preview. To develop the aggregate demand and aggregate supply model from the previous three chapters To understand developments in the 2007-2009 period using aggregate demand and supply analysis.

503 views • 50 slides

Perfect Competition Chapter 7

488 views • 46 slides

ECONOMICS 200 PRINCIPLES OF MICROECONOMICS

392 views • 23 slides

Perfect Competition

Perfect Competition. Assumptions II. Market vs. Firm demand III. Short Run Equilibrium 1. The Total Approach: Numerical Ex. 2. The Marginal Approach. a. Profits b. Losses c. Shut-down d. Short-run Supply Curve e. Calc. Approach d?/dQ = 0. Contents. IV. Long-run equilibrium.

415 views • 22 slides

Macroeconomic Equilibrium

Macroeconomic Equilibrium. Short-Run Macroeconomic Equilibrium Short-run macroeconomic equilibrium occurs when the quantity of real GDP demanded equals the quantity of real GDP supplied at the point of intersection of the AD curve and the SAS curve. Macroeconomic Equilibrium.

1.03k views • 21 slides

Macroeconomic Equilibrium

Macroeconomic Equilibrium. Short-Run Macroeconomic Equilibrium Short-run macroeconomic equilibrium occurs when the quantity of real GDP demanded equals the quantity of real GDP supplied at the point of intersection of the AD curve and the SAS curve. Macroeconomic Equilibrium.

467 views • 21 slides

Firms with Market Power

Firms with Market Power. Essentially firms with market power(aka.monopoly power) include all firms that are not price-takers or are not confronted with a perfectly elastic demand curve.

535 views • 20 slides

Different Types of Market Structures

Different Types of Market Structures. Marginal Product and Marginal Cost. Total Fixed, Total Variable, and Total Costs. Average Fixed, Average Variable and Average Costs. The Perfectly Competitive Firm and Industry in Short-Run Equilibrium. Profit, Loss and Shutdown.

366 views • 12 slides

Changes in the long run

Changes in the long run. Classical Economic Viewpoint. Classical Viewpoint vs Keynesian Viewpoint. Classical View The government should have a very, very limited role in the economy. Only to ensure free markets.

367 views • 12 slides

MONOPOLY

MONOPOLY. Reasons for Monopoly Demand Vs. MR for a Monopolist Short Run Equilibrium Monopolist has no Supply Curve. MONOPOLY. Monos polein (single seller) Reasons for Monopoly Barriers to entry Legal barriers to entry (patents, utilities etc)

228 views • 5 slides