• Chapter 5: EfficiencyChapter 5: Efficiency

    What will you learn in this chapter? • Use willingness to pay and sell to determine supply and demand at a given price. • Define and calculate surpluses. • Define and identify efficiency. • Describe the distribution of benefits that results from a policy decision. • Define and calculate deadweight loss. • Explain why correcting a missing mark...

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  • Chapter 4: ElasticityChapter 4: Elasticity

    What will you learn in this chapter? • Concept of elasticity. • Calculate price elasticity of demand and supply using the mid‐point method. • Explain how the determinants of price elasticity of demand and supply affect the degree of elasticity. • Calculate cross‐price and income elasticities of demand, and interpret the sign of the elasticities...

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  • Chapter 3: MarketsChapter 3: Markets

    What will you learn in this chapter? • Characteristics of a competitive market. • How to construct a demand curve. • Shift in vs. a movement along the demand curve. • How to construct a supply curve. • Shift in supply vs. movement along supply curve. • How demand and supply interact to bring markets to equilibrium. • How changes in supply an...

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  • Chapter 2: Specialization and ExchangeChapter 2: Specialization and Exchange

    What will you learn in this chapter? • How to construct a production possibilities frontier. • Describe what causes shifts in production possibilities curves. • Define absolute and comparative advantage. • Define specialization and explain why people specialize. • Explain how the gains from trade follow from comparative advantage

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  • Chapter 1: The Power of EconomicsChapter 1: The Power of Economics

    What will you learn in this chapter? • Concepts of – Scarcity. – Opportunity cost and marginal decision making. – Incentives. – Efficiency. • How to distinguish between – correlation and causation. – Positive and normative analysis. • Characteristics of good economic modeling.

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  • Chapter 1. Changes in global economic economyChapter 1. Changes in global economic economy

    l In this chapter, we focus on two questions: – What are the key methods for tracking and identifying opportunities in the macro-environment? – What are the key demographic, economic, natural, technological, political, and cultural developments?

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  • Bài giảng International Economics - Chapter 17: The Future Path of GlobalizationBài giảng International Economics - Chapter 17: The Future Path of Globalization

    Globalization Means Interdependence The performance of each economy is linked to the performance of other economies in many ways, as the circular flow diagram clearly illustrated. The Nebraska automobile industry example taught us the protectionism does not favor national interests over foreign interests, but one national interest over other nati...

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  • Bài giảng International Economics - Chapter 16: Immigration PolicyBài giảng International Economics - Chapter 16: Immigration Policy

    The Goals of This Chapter Summarize the various push, pull, stay, and stay-away factors that determine immigration, and introduce the role of immigration policy. Use the history of U.S. policies toward immigrants as a case study of immigration policy. Describe immigration policy in other countries and compare it to that of the U.S. Analyze ill...

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  • Bài giảng International Economics - Chapter 15: The International Migration of PeopleBài giảng International Economics - Chapter 15: The International Migration of People

    Goals of this Chapter Present a brief history of international migration, the oldest of the three components of globalization. Take the student beyond the popular labor supply model of immigration by introducing the labor supply and demand model of immigration. Use the labor supply and demand model of immigration to frame the analysis of the g...

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  • Bài giảng International Economics - Chapter 14: The Evolution of the International Financial SystemBài giảng International Economics - Chapter 14: The Evolution of the International Financial System

    The Goals of This Chapter Present the history of the international financial system that existed before today’s mixture of floating, fixed, and manipulated exchange rates. Use the historical examples to illustrate how the trilemma was dealt with and how well each system promoted human welfare. Show why financial orders tend to change when changi...

    ppt30 trang | Chia sẻ: thanhlam12 | Ngày: 14/01/2019 | Lượt xem: 788 | Lượt tải: 0