Lecture slides for an undergraduate course on Basic Macroeconomics that I taught in the Fall of 2007.
This lecture serves covers concepts of demand and supply.
Macroeconomics: Aggregate Demand and Supplybrianbelen
Lecture slides for an undergraduate course on Basic Macroeconomics that I taught in the Fall of 2007.
As the title suggests, this deck gives an overview of aggregate demand and supply (or equilibrium in the goods and money markets).
It shows the meaning of aggregate demand and aggregate supply. Why aggregate demand curve downward slopping? Show the Short run and Long run Aggregate demand aggregate supply.
Macroeconomics: Aggregate Demand and Supplybrianbelen
Lecture slides for an undergraduate course on Basic Macroeconomics that I taught in the Fall of 2007.
As the title suggests, this deck gives an overview of aggregate demand and supply (or equilibrium in the goods and money markets).
It shows the meaning of aggregate demand and aggregate supply. Why aggregate demand curve downward slopping? Show the Short run and Long run Aggregate demand aggregate supply.
Lecture slides for an undergraduate course on Basic Macroeconomics that I taught in the Fall of 2007.
This lecture describes the interaction between the goods and money markets.
Lecture slides for an undergraduate course on Basic Macroeconomics that I taught in the Fall of 2007.
This lecture describes the interaction between the goods and money markets.
Supply is a fundamental economic concept that describes the total amount of a specific good or service that is available to consumers. Supply can relate to the amount available at a specific price or the amount available across a range of prices if displayed on a graph.
Supply and demand is perhaps one of the most fundamental concepts of economics and it is the backbone of a market economy. Demand refers to how much (quantity) of a product or service is desired by buyers. ... Supply represents how much the market can offer.
Lecture slides for an undergraduate course on Basic Macroeconomics that I taught in the Fall of 2007.
This lecture focuses on (US-centric) monetary policy.
Macroeconomics: Productivity and Employmentbrianbelen
Lecture slides for an undergraduate course on Basic Macroeconomics that I taught in the Fall of 2007.
This lecture introduces two macroeconomic issues: productivity/output and unemployment.
Lecture slides for an undergraduate course on Basic Macroeconomics that I taught in the Fall of 2007.
This lecture goes over the difference between real and nominal GDP.
Lecture slides for an undergraduate course on Basic Macroeconomics that I taught in the Fall of 2007.
This lecture introduces national income accounts.
Lecture slides for an undergraduate course on Basic Macroeconomics that I taught in the Fall of 2007.
This lecture introduces macroeconomics proper (as opposed to microeconomics).
Lecture slides for an undergraduate course on Basic Macroeconomics that I taught in the Fall of 2007.
This first lecture serves as an introduction to economics in general.
On Philippine Elections and Political Partiesbrianbelen
Lecture slide deck on Philippine Elections and Political Parties.
This is from a class on Philippine Politics and Governance that I taught from 2003-2005.
Lecture slide deck on Local Government.
This was for a class on Philippine Politics and Governance that I taught between 2003-2005.
http://brianbelen.blogspot.com
Lecture slide deck on the Philippine Local Government Code (RA 7160).
This was for a class on Philippine Politics and Governance that I taught between 2003-2005.
http://brianbelen.blogspot.com
Lecture slide deck on "Bureaupathologies" (a related topic to Bureaucracy).
This was for a class on Philippine Politics and Governance that I taught between 2003-2005.
http://brianbelen.blogspot.com
Slide deck with thoughts on Corruption in the Philippines. Slides are from an undergraduate course on Philippine Politics and Governance I taught between 2003-2005.
Palestine last event orientationfvgnh .pptxRaedMohamed3
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http://sandymillin.wordpress.com/iateflwebinar2024
Published classroom materials form the basis of syllabuses, drive teacher professional development, and have a potentially huge influence on learners, teachers and education systems. All teachers also create their own materials, whether a few sentences on a blackboard, a highly-structured fully-realised online course, or anything in between. Despite this, the knowledge and skills needed to create effective language learning materials are rarely part of teacher training, and are mostly learnt by trial and error.
Knowledge and skills frameworks, generally called competency frameworks, for ELT teachers, trainers and managers have existed for a few years now. However, until I created one for my MA dissertation, there wasn’t one drawing together what we need to know and do to be able to effectively produce language learning materials.
This webinar will introduce you to my framework, highlighting the key competencies I identified from my research. It will also show how anybody involved in language teaching (any language, not just English!), teacher training, managing schools or developing language learning materials can benefit from using the framework.
Unit 8 - Information and Communication Technology (Paper I).pdfThiyagu K
This slides describes the basic concepts of ICT, basics of Email, Emerging Technology and Digital Initiatives in Education. This presentations aligns with the UGC Paper I syllabus.
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Bills have a main role in point of sale procedure. It will help to track sales, handling payments and giving receipts to customers. Bill splitting also has an important role in POS. For example, If some friends come together for dinner and if they want to divide the bill then it is possible by POS bill splitting. This slide will show how to split bills in odoo 17 POS.
3. On Demand...
• The price of the product.
• The household’s income and wealth.
• The price of available alternatives.
• Tastes and preferences
• Expectations about future prices, income and wealth.
What factors affect demand and quantity demanded?
4. Some Distinctions
• Quantity Demanded (or Supplied)
• Refers to the amount of a specific good that you are
willing to buy (or supply) at a given price.
• Demand (or Supply)
• Pertains to the general relationship between price and
quantities demanded (or supplied), for all prices.
Before getting into demand and supply analysis.
5. A Demand Schedule
Quantity demanded for varying prices.
DEMAND SCHEDULE FOR PHONE CALLS
Price Per Call Qty. of Calls Demanded
$0 30
0.50 25
3.50 7
7.00 3
10.00 1
15.00 0
7. Demand Curves in General
Some notes on demand curves.
PRICE (p)
QUANTITY (q)
d
8. Demand: Beyond Price
• Given a demand curve, when prices change we merely
move along the demand curve to ascertain quantity
demanded.
• That is, the demand curve stays in place.
• If anything else other than price changes, then what occurs
is a shift of the demand curve.
• In such a situation, the entire demand curve will change
position.
What happens if we consider the other factors that affect demand?
9. Shifting Demand Curves
• Household Income and Wealth
• Income: a measure of a household’s earnings in a given
period (a flow variable).
• Wealth: the total of what a household owns less what it
owes (a stock variable).
• If the good is normal, the household will buy more of it as
income/wealth rises, and less if it falls.
• If the good is inferior, the household will buy less of it as
income/wealth rises, but more if it falls.
The demand curve shifts depending upon what factor affecting demand changes.
12. PRICE (p)
QUANTITY (q)
d
If the good is normal, an increase in income shifts the curve outward.
d’
If the good is inferior, an increase in income shifts the curve inward.
13. Shifting Demand Curves
• The prices of alternative (related) products
• Substitutes: Goods that can replace the good in
question.
• Complements: Goods that we typically buy together with
the good under consideration.
• As the price of substitutes increase, we will buy more of our
product.
• As the price of complementary goods increase, we will buy
less of our product.
15. PRICE (p)
QUANTITY (q)
d
If the price of substitutes go up, it makes more sense to stick with the
current good, hence the demand curve shifts outwards.
d’
16. PRICE (p)
QUANTITY (q)
d
If the price of substitutes go up, it makes more sense to stick with the
current good, hence the demand curve shifts outwards.
d’
If the price of complementary goods go up, we have less to spend on
the current good matching it, hence the demand curve shifts inwards.
17. Shifting Demand Curves
• Tastes and preferences
• These will affect the demand curve depending on
whether they favor the good or not.
• Examples: fashion trends, peak season travel, dietary
fads.
• Expectations of future prices, income and wealth
18. Shorthand Summary
Shifts in the demand curve at-a-glance.
If the following changes:
The shift in the demand
curve will be...
Price of substitutes Same direction
Price of complements Opposite direction
Income and wealth, and
the good is normal
Same direction
Income and wealth, and
the good is inferior
Opposite direction
Tastes, preferences and
future expectations
Depends
19. Individual vs. Market Demand
Getting to the bigger picture.
$1.00
$1.50
$2.00
a
4
2
1
b
3
2
1
c
6
5
2
TOTAL
13
10
4
21. In Supply...
• The possible selling price (revenue and profit potential).
• The marginal cost of production.
• Price of required inputs.
• Technology.
• Price of related products.
What factors affect supply and quantity supplies?
22. A Supply Schedule
Quantity supplied at varying prices.
SUPPLY SCHEDULE FOR SOYBEANS
Price Per Bushel Qty. Supplied Per Year
$1.50 0
1.75 10,000
2.25 20,000
3.00 30,000
4.00 45,000
5.00 45,000
24. Supply Curves in General
Some notes on demand curves.
PRICE (p)
QUANTITY (q)
s
25. Supply: Beyond Price
• Given a supply curve, when prices change we merely move
along the supply curve to ascertain quantity supplied.
• That is, the supply curve stays in place.
• If anything else other than price changes, then what occurs
is a shift of the supply curve.
• In such a situation, the entire supply curve will change
position.
What happens if we consider the other factors that affect supply?
26. Shifting Supply Curves
• Cost of production
• If input costs suddenly rise, less of a product can be
produced.
• If production technologies improve, more of a product
can be supplied.
• Price of related goods
The supply curve shifts depending upon what factor affecting supply changes.
29. PRICE (p)
QUANTITY (q)
s
When the cost of production rises, the supply curve shifts inward.
If production technologies improve, the supply curve shifts outward.
s’
30. Shorthand Summary
Shifts in the supply curve at-a-glance.
If the following changes:
The shift in the supply
curve will be...
Cost of inputs Opposite direction
Technology Same direction
Price of related goods Depends
31. Individual vs. Market Supply
Getting to the bigger picture.
$1.00
$1.50
$2.00
x
20
31
50
y
33
46
61
z
18
27
39
TOTAL
71
104
150