Tuesday, 11/05 How might access to a washing machine improve society?
Tuesday, 11/05
SUPPLY – A PRODUCT OFFERED FOR SALE AT ALL POSSIBLE PRICES THAT COULD PREVAIL IN THE MARKET.
1. Class Reading Part B of the course is the largest section in the book from page 63 to 175 and covers Chapter 3 to 7 inclusive We are going to split.
Lecture 3 Supply and Demand. Theory of Supply A thought experiment with the following assumptions: – All apartments are identical – Each apartment has.
Economics for your Classroom from Ed Dolan’s Econ Blog The Looming Blood Surplus: A Case Study in Supply and Demand September 15, 2014 Ed Dolan’s Econ.
Free Slides from Ed Dolan’s Econ Blog Chocolate Lovers Keep Nervous Watch on Volatile Cocoa Prices Post prepared October.
Basic Assumption Ceteris Paribus – other things being equal - only consider price changes.
Economics for your Classroom from Ed Dolan’s Econ Blog Does Peak Phosphate Spell Doom for Humanity or will Supply and Demand Save Us? July 20, 2013 Ed.
Mon. 11/04 Which of the following inventions do you feel has had the greatest impact on society? Why? Telephone Barb Wire Refrigerator Light Bulb Phonograph.
Chapter 5: Supply Section 3. Slide 2 Copyright © Pearson Education, Inc.Chapter 5, Section 3 Objectives 1.Explain how factors such as input costs create.
Supply and Demand. The Basic Graph (aka “The Starting Point”) Equilibrium.
