This document discusses demand, supply, and market equilibrium. It defines key concepts such as firms, households, demand curves, supply curves, and how equilibrium price and quantity are determined by the interaction of demand and supply. The document also examines factors that shift demand and supply curves, such as changes in income, prices of related goods, and costs of production.
This document provides an overview of demand, supply, and market equilibrium. It defines key concepts such as firms, households, the circular flow of economic activity, and input and output markets. It describes demand and supply schedules and curves, and how quantity demanded and supplied change with price. Key determinants of demand and supply are outlined. The document distinguishes between shifts of demand or supply curves versus movements along the curves. Market demand and equilibrium concepts are also introduced.
This document provides an overview of demand, supply, and market equilibrium. It defines key concepts such as firms, households, demand curves, supply curves, and how equilibrium price and quantity are determined in markets. The document also explains how demand and supply can shift due to changes in their determinants, such as income, input prices, and preferences. It distinguishes between movements along the curves due to price changes versus shifts of the curves from non-price factors.
This document provides an overview of demand, supply, and market equilibrium. It defines key concepts such as firms, households, demand curves, supply curves, and market equilibrium. The three main points are:
1) Demand curves slope downward and are determined by factors like price, income, tastes. Supply curves slope upward and are determined by production costs and input prices.
2) Market equilibrium exists where quantity demanded equals quantity supplied. Disequilibria like surpluses and shortages cause prices to change until equilibrium is restored.
3) Changes in demand or supply curves result in new market equilibrium prices and quantities traded, depending on whether demand or supply increases or decreases and by how much.
This document discusses the basic concepts of demand, supply, and market equilibrium. It defines firms as organizations that transform inputs into outputs, and households as the consuming units. It explains the circular flow of economic activity between firms and households in input and output markets. Key concepts covered include determinants of demand and supply, demand and supply curves/schedules, shifts in demand and supply versus movements along the curves, and how market demand and supply are derived from individual households and firms.
This document summarizes key concepts related to demand, supply, and market equilibrium from an economics textbook. It discusses the basic decision-making units of firms and households, and how they interact in input and output markets. The document then covers the determinants and properties of demand and supply curves for individual firms and households, and how these aggregate to market demand and supply curves. It concludes by explaining how market equilibrium is reached through the interaction of supply and demand, and how equilibrium prices and quantities change with shifts in either curve.
This document summarizes key concepts related to demand, supply, and market equilibrium from an economics textbook. It discusses the basic decision-making units of firms and households, and how they interact in input and output markets. The document then covers the determinants and properties of demand and supply curves for individual firms and households, and how these aggregate to market demand and supply curves. It concludes by explaining how market equilibrium is reached through the interaction of supply and demand, and how equilibrium prices and quantities change with shifts in either curve.
This document summarizes key concepts related to demand, supply, and market equilibrium from an economics textbook. It discusses the basic decision-making units of firms and households, and how they interact in input and output markets. The document then covers the determinants and properties of demand and supply curves for individual firms and households, and how these aggregate to market demand and supply curves. It concludes by explaining how market equilibrium is reached through the interaction of supply and demand, and how equilibrium prices and quantities change with shifts in either curve.
Demand curves of house holds - Economics.pptxVenkatPrasatS
This document summarizes key concepts related to demand, supply, and market equilibrium from an economics textbook. It discusses the basic decision-making units of firms and households, and how they interact in input and output markets. The document then covers the determinants and properties of demand and supply curves for individual firms and households, and how these aggregate to market demand and supply curves. It concludes by explaining how market equilibrium is reached through the interaction of supply and demand, and how equilibrium prices and quantities change with shifts in either curve.
This document provides an overview of demand, supply, and market equilibrium. It defines key concepts such as firms, households, the circular flow of economic activity, and input and output markets. It describes demand and supply schedules and curves, and how quantity demanded and supplied change with price. Key determinants of demand and supply are outlined. The document distinguishes between shifts of demand or supply curves versus movements along the curves. Market demand and equilibrium concepts are also introduced.
This document provides an overview of demand, supply, and market equilibrium. It defines key concepts such as firms, households, demand curves, supply curves, and how equilibrium price and quantity are determined in markets. The document also explains how demand and supply can shift due to changes in their determinants, such as income, input prices, and preferences. It distinguishes between movements along the curves due to price changes versus shifts of the curves from non-price factors.
This document provides an overview of demand, supply, and market equilibrium. It defines key concepts such as firms, households, demand curves, supply curves, and market equilibrium. The three main points are:
1) Demand curves slope downward and are determined by factors like price, income, tastes. Supply curves slope upward and are determined by production costs and input prices.
2) Market equilibrium exists where quantity demanded equals quantity supplied. Disequilibria like surpluses and shortages cause prices to change until equilibrium is restored.
3) Changes in demand or supply curves result in new market equilibrium prices and quantities traded, depending on whether demand or supply increases or decreases and by how much.
This document discusses the basic concepts of demand, supply, and market equilibrium. It defines firms as organizations that transform inputs into outputs, and households as the consuming units. It explains the circular flow of economic activity between firms and households in input and output markets. Key concepts covered include determinants of demand and supply, demand and supply curves/schedules, shifts in demand and supply versus movements along the curves, and how market demand and supply are derived from individual households and firms.
This document summarizes key concepts related to demand, supply, and market equilibrium from an economics textbook. It discusses the basic decision-making units of firms and households, and how they interact in input and output markets. The document then covers the determinants and properties of demand and supply curves for individual firms and households, and how these aggregate to market demand and supply curves. It concludes by explaining how market equilibrium is reached through the interaction of supply and demand, and how equilibrium prices and quantities change with shifts in either curve.
This document summarizes key concepts related to demand, supply, and market equilibrium from an economics textbook. It discusses the basic decision-making units of firms and households, and how they interact in input and output markets. The document then covers the determinants and properties of demand and supply curves for individual firms and households, and how these aggregate to market demand and supply curves. It concludes by explaining how market equilibrium is reached through the interaction of supply and demand, and how equilibrium prices and quantities change with shifts in either curve.
This document summarizes key concepts related to demand, supply, and market equilibrium from an economics textbook. It discusses the basic decision-making units of firms and households, and how they interact in input and output markets. The document then covers the determinants and properties of demand and supply curves for individual firms and households, and how these aggregate to market demand and supply curves. It concludes by explaining how market equilibrium is reached through the interaction of supply and demand, and how equilibrium prices and quantities change with shifts in either curve.
Demand curves of house holds - Economics.pptxVenkatPrasatS
This document summarizes key concepts related to demand, supply, and market equilibrium from an economics textbook. It discusses the basic decision-making units of firms and households, and how they interact in input and output markets. The document then covers the determinants and properties of demand and supply curves for individual firms and households, and how these aggregate to market demand and supply curves. It concludes by explaining how market equilibrium is reached through the interaction of supply and demand, and how equilibrium prices and quantities change with shifts in either curve.
This document discusses the basic concepts of demand, supply, and market equilibrium in economics. It defines firms as organizations that produce goods and services, and households as the consuming units. It describes how firms sell outputs and buy inputs in markets, as shown in the circular flow model. The document outlines the key determinants of demand and supply, and how demand and supply curves are derived. It explains how market equilibrium is reached at the price where quantity demanded equals quantity supplied, and how surpluses and shortages can occur away from equilibrium.
This document discusses key concepts of demand and supply, including:
- The law of demand which states that demand decreases as price increases
- Determinants of demand including income, prices of related goods, and tastes
- How demand curves are derived from demand schedules
- The law of supply which states that supply increases as price increases
- Determinants of supply including costs of production and input prices
- How market equilibrium is reached when quantity demanded equals quantity supplied
1) The document discusses the basic concepts of demand, supply, and market equilibrium. It explains that firms transform inputs into outputs in product markets, while households are the consuming units that demand goods and services. 2) Inputs and outputs are exchanged between firms and households in input and output markets through the circular flow of the economy. Money flows in the opposite direction of goods and services. 3) The document outlines the key determinants of demand for households, including price, income, wealth, tastes and preferences. It also discusses the relationship between price and quantity demanded as defined by the Law of Demand.
This document summarizes key concepts from Chapter 5 of the textbook "Principles of Economics, 6th edition" by Karl Case and Ray Fair. It discusses how households make choices about consumption and labor supply given budget constraints. Households maximize utility subject to their budget. The budget constraint shows the combinations of goods that are affordable given prices and income. Utility is the satisfaction from consumption and marginal utility declines with additional units of a good. Households allocate spending to equalize marginal utility per dollar across goods.
This document summarizes key concepts from Chapter 5 of the textbook "Principles of Economics, 6th edition" by Karl Case and Ray Fair. It discusses how households make choices about consumption and labor supply given budget constraints. Households maximize utility subject to their budget. The budget constraint shows the combinations of goods that are affordable given prices and income. Utility is the satisfaction from consumption and marginal utility declines with additional units of a good. Households allocate spending to equalize marginal utility per dollar across goods.
This document summarizes key concepts from Chapter 5 of the textbook "Principles of Economics, 6th edition" by Karl Case and Ray Fair. It discusses household behavior and consumer choice. Specifically, it covers how households make decisions about demand for goods, labor supply, and savings. It introduces the concepts of budget constraints, opportunity costs, utility, and the utility-maximizing rule for consumers to allocate expenditures between goods in a way that equalizes marginal utility per dollar spent. Diminishing marginal utility and its impact on total utility is also summarized.
This document discusses demand and supply from the perspective of firms and households. It defines firms as organizations that transform resources into products, and entrepreneurs as people who organize and manage firms. Households are the consuming units that demand goods and services. The circular flow diagram shows the connections between firms, households, input markets, and output markets. Demand is determined by price, income, wealth, tastes and preferences. The law of demand states that as price increases, quantity demanded decreases. A shift in demand occurs when a determinant of demand other than price changes, causing the demand curve to shift.
Ch02The Economic Problem economic and business.pptMawar688080
The document summarizes key concepts from an economics textbook chapter on the economic problem of scarcity and choice. It explains that all economies must answer three basic questions: what to produce, how to produce it, and who will get what is produced. It then discusses different economic systems for solving this problem, including command, laissez-faire, and mixed systems. Under laissez-faire economies, individual firms and consumers working through free markets determine production and distribution.
The document discusses the price system and elasticity. It explains that the price system performs price rationing and resource allocation functions. Price rationing allocates goods when demand exceeds supply. When supply decreases, price rises to ration the lower quantity among those willing to pay. Alternative rationing mechanisms like price ceilings create excess demand. Price changes from supply and demand shifts determine profits and resource allocation. Elasticity measures the responsiveness of one variable to changes in another. It discusses the determinants and interpretations of price elasticity of demand and other elasticities.
This document provides an overview of key economic concepts including production, scarcity, specialization, comparative advantage, opportunity costs, the production possibility frontier, economic growth, and different types of economic systems. It defines production as transforming resources into useful forms. It explains the three basic economic questions as what to produce, how to produce, and who gets what is produced. Specialization and trade allow countries to benefit based on their comparative advantage. The production possibility frontier illustrates scarcity and tradeoffs between goods. Economic growth comes from accumulating capital and technological advances. Command, market, and mixed economies differ in how they address the economic problem.
The Economic Problem: Scarcity and ChoiceRinolveda
This document provides an overview of key economic concepts including production, scarcity, the three basic economic questions of what to produce, how to produce it, and who gets what is produced. It discusses comparative advantage and how specialization and trade can benefit all parties. Other topics covered include the production possibility frontier, opportunity cost, economic growth, and different types of economic systems such as command economies and free market economies.
The Capital Market and the Investment DecisionNoel Buensuceso
This document discusses capital markets and the investment decision process. It defines different types of capital including physical, social, intangible, and human capital. Firms evaluate investment opportunities by comparing expected rates of return to interest rates. The capital market brings together households who supply savings and firms who demand funds for investment. Profit-maximizing firms will invest until the expected return equals the cost of capital.
This document discusses firm demand for inputs like labor and land. It explains that input demand is derived from the demand for a firm's outputs. Firms will demand inputs as long as their marginal revenue product exceeds input costs. When input prices change, firms substitute toward cheaper inputs. Land supply is fixed, so land prices are determined by demand. Firms will use land as long as the revenue from outputs exceeds land costs. The document provides an overview of firm input demand and factor markets.
This document provides an overview of key concepts regarding household behavior and consumer choice. It discusses how households make decisions about consumption, labor supply, and savings. Households face budget constraints and seek to maximize utility subject to these constraints. The concept of marginal utility and diminishing returns helps explain downward-sloping demand curves. Price changes affect consumption through income and substitution effects. Households supply labor based on weighing wages against the value of leisure. They can also choose to save current income to finance future spending or borrow against future income for current needs.
- Economics is the study of how individuals and societies choose to use scarce resources. It involves both microeconomics, which examines individual decision-making units like businesses and households, and macroeconomics, which examines aggregates on a national scale.
- Studying economics teaches important concepts like opportunity costs, marginalism, and efficient markets. It also helps understand societal and global resource allocation as well as inform voting decisions.
- Positive economics describes and analyzes economic behavior objectively, while normative economics makes judgments about outcomes and policies. Economic theories are tested using descriptive data and empirical analysis.
Economics is the study of how individuals and societies choose to use scarce resources. There are two main branches: microeconomics examines individual decision-making units like businesses and households, while macroeconomics examines aggregates like income and output on a national scale. Studying economics teaches important concepts like opportunity cost, marginalism, and efficient markets. Positive economics describes and analyzes economic behavior without judgment, using theories, models, and empirical data to test theories. Normative economics evaluates economic outcomes and may recommend policies.
This document discusses the production process and behavior of profit-maximizing firms. It explains that production involves combining inputs to create outputs. Firms exist to produce goods and services to meet demand and make a profit. Under perfect competition, firms are price-takers and have no control over prices. The document also covers the short-run and long-run for firms, how firms determine optimal production methods, different production technologies, and using a production function to relate inputs to outputs.
The Production Process: The Behavior of Profit Maximizing FirmsNoel Buensuceso
This document discusses the production process and behavior of profit-maximizing firms. It covers key topics such as the definition of a firm, production, costs, revenues, perfect competition, production functions, and the law of diminishing marginal returns. Firms combine inputs and transform them into outputs. They make decisions about input usage, production technology, and output levels to maximize profits.
This document discusses capital, investment, and the capital market. It defines capital as goods used for future production and identifies major types of capital including physical, social, intangible, and human capital. The capital market connects households who supply savings to firms that demand funds for investment. Firms evaluate potential investment projects by comparing their expected rates of return to costs of capital like the market interest rate. The level of interest rates influences which investment projects firms select.
BASIC ECONOMICS PROBLEMS AND HOW APPLIED ECONOMICS SOLVES.pptxJoshuaEspinosaBaluya
1. Economics can be used to solve problems related to the production of goods and services by addressing issues of scarcity.
2. The scarcity of resources gives rise to four basic economic problems: what to produce, how to produce, for whom to produce, and what provisions should be made for economic growth.
3. To address these problems, societies must make wise decisions about the type and quantity of goods and services to produce to meet immediate needs, determine effective production methods, prioritize distribution to those in most need, and save resources for future economic progress.
This document provides an overview of financial institutions, including their meaning, functions, types, and examples. It discusses banking institutions like public sector banks, private sector banks, and cooperative banks. It also discusses non-banking financial institutions and provides examples like NABARD, IDBI, IFCI, and EXIM Bank. The document concludes that while India has a full range of financial institutions, their operations could be improved to make them more effective.
This document discusses the basic concepts of demand, supply, and market equilibrium in economics. It defines firms as organizations that produce goods and services, and households as the consuming units. It describes how firms sell outputs and buy inputs in markets, as shown in the circular flow model. The document outlines the key determinants of demand and supply, and how demand and supply curves are derived. It explains how market equilibrium is reached at the price where quantity demanded equals quantity supplied, and how surpluses and shortages can occur away from equilibrium.
This document discusses key concepts of demand and supply, including:
- The law of demand which states that demand decreases as price increases
- Determinants of demand including income, prices of related goods, and tastes
- How demand curves are derived from demand schedules
- The law of supply which states that supply increases as price increases
- Determinants of supply including costs of production and input prices
- How market equilibrium is reached when quantity demanded equals quantity supplied
1) The document discusses the basic concepts of demand, supply, and market equilibrium. It explains that firms transform inputs into outputs in product markets, while households are the consuming units that demand goods and services. 2) Inputs and outputs are exchanged between firms and households in input and output markets through the circular flow of the economy. Money flows in the opposite direction of goods and services. 3) The document outlines the key determinants of demand for households, including price, income, wealth, tastes and preferences. It also discusses the relationship between price and quantity demanded as defined by the Law of Demand.
This document summarizes key concepts from Chapter 5 of the textbook "Principles of Economics, 6th edition" by Karl Case and Ray Fair. It discusses how households make choices about consumption and labor supply given budget constraints. Households maximize utility subject to their budget. The budget constraint shows the combinations of goods that are affordable given prices and income. Utility is the satisfaction from consumption and marginal utility declines with additional units of a good. Households allocate spending to equalize marginal utility per dollar across goods.
This document summarizes key concepts from Chapter 5 of the textbook "Principles of Economics, 6th edition" by Karl Case and Ray Fair. It discusses how households make choices about consumption and labor supply given budget constraints. Households maximize utility subject to their budget. The budget constraint shows the combinations of goods that are affordable given prices and income. Utility is the satisfaction from consumption and marginal utility declines with additional units of a good. Households allocate spending to equalize marginal utility per dollar across goods.
This document summarizes key concepts from Chapter 5 of the textbook "Principles of Economics, 6th edition" by Karl Case and Ray Fair. It discusses household behavior and consumer choice. Specifically, it covers how households make decisions about demand for goods, labor supply, and savings. It introduces the concepts of budget constraints, opportunity costs, utility, and the utility-maximizing rule for consumers to allocate expenditures between goods in a way that equalizes marginal utility per dollar spent. Diminishing marginal utility and its impact on total utility is also summarized.
This document discusses demand and supply from the perspective of firms and households. It defines firms as organizations that transform resources into products, and entrepreneurs as people who organize and manage firms. Households are the consuming units that demand goods and services. The circular flow diagram shows the connections between firms, households, input markets, and output markets. Demand is determined by price, income, wealth, tastes and preferences. The law of demand states that as price increases, quantity demanded decreases. A shift in demand occurs when a determinant of demand other than price changes, causing the demand curve to shift.
Ch02The Economic Problem economic and business.pptMawar688080
The document summarizes key concepts from an economics textbook chapter on the economic problem of scarcity and choice. It explains that all economies must answer three basic questions: what to produce, how to produce it, and who will get what is produced. It then discusses different economic systems for solving this problem, including command, laissez-faire, and mixed systems. Under laissez-faire economies, individual firms and consumers working through free markets determine production and distribution.
The document discusses the price system and elasticity. It explains that the price system performs price rationing and resource allocation functions. Price rationing allocates goods when demand exceeds supply. When supply decreases, price rises to ration the lower quantity among those willing to pay. Alternative rationing mechanisms like price ceilings create excess demand. Price changes from supply and demand shifts determine profits and resource allocation. Elasticity measures the responsiveness of one variable to changes in another. It discusses the determinants and interpretations of price elasticity of demand and other elasticities.
This document provides an overview of key economic concepts including production, scarcity, specialization, comparative advantage, opportunity costs, the production possibility frontier, economic growth, and different types of economic systems. It defines production as transforming resources into useful forms. It explains the three basic economic questions as what to produce, how to produce, and who gets what is produced. Specialization and trade allow countries to benefit based on their comparative advantage. The production possibility frontier illustrates scarcity and tradeoffs between goods. Economic growth comes from accumulating capital and technological advances. Command, market, and mixed economies differ in how they address the economic problem.
The Economic Problem: Scarcity and ChoiceRinolveda
This document provides an overview of key economic concepts including production, scarcity, the three basic economic questions of what to produce, how to produce it, and who gets what is produced. It discusses comparative advantage and how specialization and trade can benefit all parties. Other topics covered include the production possibility frontier, opportunity cost, economic growth, and different types of economic systems such as command economies and free market economies.
The Capital Market and the Investment DecisionNoel Buensuceso
This document discusses capital markets and the investment decision process. It defines different types of capital including physical, social, intangible, and human capital. Firms evaluate investment opportunities by comparing expected rates of return to interest rates. The capital market brings together households who supply savings and firms who demand funds for investment. Profit-maximizing firms will invest until the expected return equals the cost of capital.
This document discusses firm demand for inputs like labor and land. It explains that input demand is derived from the demand for a firm's outputs. Firms will demand inputs as long as their marginal revenue product exceeds input costs. When input prices change, firms substitute toward cheaper inputs. Land supply is fixed, so land prices are determined by demand. Firms will use land as long as the revenue from outputs exceeds land costs. The document provides an overview of firm input demand and factor markets.
This document provides an overview of key concepts regarding household behavior and consumer choice. It discusses how households make decisions about consumption, labor supply, and savings. Households face budget constraints and seek to maximize utility subject to these constraints. The concept of marginal utility and diminishing returns helps explain downward-sloping demand curves. Price changes affect consumption through income and substitution effects. Households supply labor based on weighing wages against the value of leisure. They can also choose to save current income to finance future spending or borrow against future income for current needs.
- Economics is the study of how individuals and societies choose to use scarce resources. It involves both microeconomics, which examines individual decision-making units like businesses and households, and macroeconomics, which examines aggregates on a national scale.
- Studying economics teaches important concepts like opportunity costs, marginalism, and efficient markets. It also helps understand societal and global resource allocation as well as inform voting decisions.
- Positive economics describes and analyzes economic behavior objectively, while normative economics makes judgments about outcomes and policies. Economic theories are tested using descriptive data and empirical analysis.
Economics is the study of how individuals and societies choose to use scarce resources. There are two main branches: microeconomics examines individual decision-making units like businesses and households, while macroeconomics examines aggregates like income and output on a national scale. Studying economics teaches important concepts like opportunity cost, marginalism, and efficient markets. Positive economics describes and analyzes economic behavior without judgment, using theories, models, and empirical data to test theories. Normative economics evaluates economic outcomes and may recommend policies.
This document discusses the production process and behavior of profit-maximizing firms. It explains that production involves combining inputs to create outputs. Firms exist to produce goods and services to meet demand and make a profit. Under perfect competition, firms are price-takers and have no control over prices. The document also covers the short-run and long-run for firms, how firms determine optimal production methods, different production technologies, and using a production function to relate inputs to outputs.
The Production Process: The Behavior of Profit Maximizing FirmsNoel Buensuceso
This document discusses the production process and behavior of profit-maximizing firms. It covers key topics such as the definition of a firm, production, costs, revenues, perfect competition, production functions, and the law of diminishing marginal returns. Firms combine inputs and transform them into outputs. They make decisions about input usage, production technology, and output levels to maximize profits.
This document discusses capital, investment, and the capital market. It defines capital as goods used for future production and identifies major types of capital including physical, social, intangible, and human capital. The capital market connects households who supply savings to firms that demand funds for investment. Firms evaluate potential investment projects by comparing their expected rates of return to costs of capital like the market interest rate. The level of interest rates influences which investment projects firms select.
Similar to ch03-110629184923-phpapp02 (1).ppt (20)
BASIC ECONOMICS PROBLEMS AND HOW APPLIED ECONOMICS SOLVES.pptxJoshuaEspinosaBaluya
1. Economics can be used to solve problems related to the production of goods and services by addressing issues of scarcity.
2. The scarcity of resources gives rise to four basic economic problems: what to produce, how to produce, for whom to produce, and what provisions should be made for economic growth.
3. To address these problems, societies must make wise decisions about the type and quantity of goods and services to produce to meet immediate needs, determine effective production methods, prioritize distribution to those in most need, and save resources for future economic progress.
This document provides an overview of financial institutions, including their meaning, functions, types, and examples. It discusses banking institutions like public sector banks, private sector banks, and cooperative banks. It also discusses non-banking financial institutions and provides examples like NABARD, IDBI, IFCI, and EXIM Bank. The document concludes that while India has a full range of financial institutions, their operations could be improved to make them more effective.
The document discusses financial markets and differentiates between capital markets and money markets. Capital markets provide long-term funding through instruments like stocks and bonds, while money markets provide short-term funding through instruments like bills and commercial paper. The capital market can be further divided into the primary market, where new securities are issued, and the secondary market, where existing securities are traded. Key differences between the primary and secondary markets include the level of company involvement and whether transactions are direct sales or between investors.
Okay, here are the solutions to the 3 problems:
1. Julie's demand for envelopes is inelastic. Her elasticity of demand is 0.8.
2. Goods likely to have elastic demand: Pepsi, chocolate, jeans.
Goods likely to have inelastic demand: Home cooking oil, water, heart medication.
3. If Jane's elasticity is constantly 0.5 and she buys 6 ballpens at P3, then at P5 she will buy 4 ballpens.
Child development refers to orderly changes that occur as children grow. It includes physical, cognitive, and social/emotional domains from conception through adolescence. Major 20th century theories include psychoanalytic theories of Freud and Erikson focusing on personality formation. Behavioral theories like behaviorism and social learning emphasized environmental influences. Biological theories highlighted innate development and critical periods. Cognitive theories from Piaget and Vygotsky described how children actively construct understanding. Bronfenbrenner's ecological systems theory viewed development as influenced by multiple environmental systems.
Albert Bandura was a Canadian-American psychologist born in 1925 in Alberta, Canada. He studied at the University of British Columbia, graduating in 1949. While working at Stanford University, Bandura conducted influential research on social learning theory and observational learning. His most famous experiment was the Bobo doll experiment in 1961, which demonstrated that children learn aggression by observing and imitating others. Bandura's work established social learning theory and social cognitive theory, which expanded to include cognitive factors like self-reflection.
Independent Study - College of Wooster Research (2023-2024) FDI, Culture, Glo...AntoniaOwensDetwiler
"Does Foreign Direct Investment Negatively Affect Preservation of Culture in the Global South? Case Studies in Thailand and Cambodia."
Do elements of globalization, such as Foreign Direct Investment (FDI), negatively affect the ability of countries in the Global South to preserve their culture? This research aims to answer this question by employing a cross-sectional comparative case study analysis utilizing methods of difference. Thailand and Cambodia are compared as they are in the same region and have a similar culture. The metric of difference between Thailand and Cambodia is their ability to preserve their culture. This ability is operationalized by their respective attitudes towards FDI; Thailand imposes stringent regulations and limitations on FDI while Cambodia does not hesitate to accept most FDI and imposes fewer limitations. The evidence from this study suggests that FDI from globally influential countries with high gross domestic products (GDPs) (e.g. China, U.S.) challenges the ability of countries with lower GDPs (e.g. Cambodia) to protect their culture. Furthermore, the ability, or lack thereof, of the receiving countries to protect their culture is amplified by the existence and implementation of restrictive FDI policies imposed by their governments.
My study abroad in Bali, Indonesia, inspired this research topic as I noticed how globalization is changing the culture of its people. I learned their language and way of life which helped me understand the beauty and importance of cultural preservation. I believe we could all benefit from learning new perspectives as they could help us ideate solutions to contemporary issues and empathize with others.
Abhay Bhutada Leads Poonawalla Fincorp To Record Low NPA And Unprecedented Gr...Vighnesh Shashtri
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In a tight labour market, job-seekers gain bargaining power and leverage it into greater job quality—at least, that’s the conventional wisdom.
Michael, LMIC Economist, presented findings that reveal a weakened relationship between labour market tightness and job quality indicators following the pandemic. Labour market tightness coincided with growth in real wages for only a portion of workers: those in low-wage jobs requiring little education. Several factors—including labour market composition, worker and employer behaviour, and labour market practices—have contributed to the absence of worker benefits. These will be investigated further in future work.
Vicinity Jobs’ data includes more than three million 2023 OJPs and thousands of skills. Most skills appear in less than 0.02% of job postings, so most postings rely on a small subset of commonly used terms, like teamwork.
Laura Adkins-Hackett, Economist, LMIC, and Sukriti Trehan, Data Scientist, LMIC, presented their research exploring trends in the skills listed in OJPs to develop a deeper understanding of in-demand skills. This research project uses pointwise mutual information and other methods to extract more information about common skills from the relationships between skills, occupations and regions.
Seminar: Gender Board Diversity through Ownership NetworksGRAPE
Seminar on gender diversity spillovers through ownership networks at FAME|GRAPE. Presenting novel research. Studies in economics and management using econometrics methods.
2. Elemental Economics - Mineral demand.pdfNeal Brewster
After this second you should be able to: Explain the main determinants of demand for any mineral product, and their relative importance; recognise and explain how demand for any product is likely to change with economic activity; recognise and explain the roles of technology and relative prices in influencing demand; be able to explain the differences between the rates of growth of demand for different products.
"Does Foreign Direct Investment Negatively Affect Preservation of Culture in the Global South? Case Studies in Thailand and Cambodia."
Do elements of globalization, such as Foreign Direct Investment (FDI), negatively affect the ability of countries in the Global South to preserve their culture? This research aims to answer this question by employing a cross-sectional comparative case study analysis utilizing methods of difference. Thailand and Cambodia are compared as they are in the same region and have a similar culture. The metric of difference between Thailand and Cambodia is their ability to preserve their culture. This ability is operationalized by their respective attitudes towards FDI; Thailand imposes stringent regulations and limitations on FDI while Cambodia does not hesitate to accept most FDI and imposes fewer limitations. The evidence from this study suggests that FDI from globally influential countries with high gross domestic products (GDPs) (e.g. China, U.S.) challenges the ability of countries with lower GDPs (e.g. Cambodia) to protect their culture. Furthermore, the ability, or lack thereof, of the receiving countries to protect their culture is amplified by the existence and implementation of restrictive FDI policies imposed by their governments.
My study abroad in Bali, Indonesia, inspired this research topic as I noticed how globalization is changing the culture of its people. I learned their language and way of life which helped me understand the beauty and importance of cultural preservation. I believe we could all benefit from learning new perspectives as they could help us ideate solutions to contemporary issues and empathize with others.