PPT-Economics 6 th edition Chapter 15

Monopoly and Antitrust Policy Copyright 2017 Pearson Education Inc All Rights Reserved Chapter Outline 151 Is Any Firm Ever Really a Monopoly 152 Where Do Monopolies Come From 153 . History of Economic Thought. Transparencies. Set 1. What is it?. “…the history of the intellectual efforts that men have made in order to understand economic phenomena…”. Why study it?. “Current work, so one would think, will preserve whatever is still useful of the work of preceding generations … Why then should we go back to old authors and rehearse outmoded views? Cannot the old stuff be safely left to the care of a few specialists who love it for its own sake? ” . Externalities, Environmental Policy, and Public Goods. Copyright © 2017 Pearson Education, Inc. All Rights . Reserved. Chapter Outline. 5.1 . Externalities and Economic Efficiency. 5.2 . Private Solutions to Externalities: The . Taft-Hartley Act (1947) – reduced growth of organized labor. Serviceman’s Readjustment Act (G.I. Bill) (1944) – financial aid to veterans of WWII (education, job training). Long-term Economic prosperity. Summary . 2017 Economics 101 CCC. THINKING LIKE AND ECONOMIST . Chapter 1, 2, 3, 5,. market systems: elements of how a market works. questions of economics how & for whom?. social versus self interest. Trade-offs, Comparative Advantage, and the Market System. Sept 28, 2017. 1. 1.1 . Flashback – . Three Key Economic Ideas . We interact with one another in markets.. Market. : A group of buyers and sellers of a good or service and the institution or arrangement by which they come together to trade.. Where Prices Come From: The Interaction of Demand and Supply. 1. Ch. 2 Class Quiz. What is Cinder’s opportunity cost/day for producing a bird?. 4 Mice/day. . /. . 2 Birds/day = . 2 mice. What is Flounder’s . Consumer Choice and Behavioral Economics. Copyright © 2017 Pearson Education, Inc. All Rights Reserved. Chapter Outline. 10.1 . Utility and Consumer Decision Making. 10.2 . Where Demand Curves Come From. 1. 18 Social Economics. 18.1 . The Economics of Charity and Fairness. 18.2 The Economics of Trust and Revenge. 18.3 How Others Influence Our . Decisions. Key . Ideas. Many people have preferences that . The Value of Water. Water as a Public versus a Private Good. Water Affordability. Water Marketing. Water Banking. Pollution Fees and Credits. Environmental Values. Value of Water. A . resource is . cheap. 2. See Page 463. for Detailed Objectives. Objectives Overview. Discovering Computers Fundamentals, 2010 Edition Chapter 12. 3. See Page 463. for Detailed Objectives. What Is Enterprise Computing?. Enterprise computing. a. “Aside from Religion, economics is perhaps the most . pervasive yet least understood force in American life.”. Jon Meacham – Editor, Newsweek Magazine. September 24, 2007. After studying this chapter, you will be able to:. Pandemic Economics. Chapter 3. Pandemic Economics, Chapter 3. 1. Topics. Systems of Interconnection. Globalization. Networks. Network Applications. Contagion. 2. Pandemic Economics, Chapter 3. Learning Objectives. The Benefits of Reading Books Sophomore Open House. March 31, 2023. Why Study Economics?. Intellectual reasons. . Economics is a unique combination of. Scientific method. Social concerns. Practical reasons. Good starting point for professional schools. .