PPT-Price & income

elasticities of demand in Uganda Grieve Chelwa Economics of Tobacco Control Project School of Economics University of Cape Town Presentation Outline Introduction amp motivation Brief review of literature. and Cross Elasticity. http://www.bized.co.uk/educators/16-19/economics/markets/presentation/elasticity.ppt. . Elasticity – the concept. The responsiveness of one variable to changes in another. When price rises, what happens . Shane Murphy. s.murphy5@lancaster.ac.uk. Office Hours: Monday 3:00-4:00 – LUMS C86. Outline. Substitute Lecturer Next Week. Roll Call. Class Rep. Problems. Discussion. Class Rep. Exercise. Consider the following demand function: Q. Mincome. ). Wayne Simpson. Department of Economics. University of Manitoba. Key Points:. GAI and BI are not the same thing (and there are important differences for policy). Mincome. GAI Experiment was much more than Dauphin (contrary to Wikipedia). MICROECONOMICS. Principles and Analysis. . Frank Cowell . Almost essential . Consumer. : Optimisation. Useful, but optional. Firm: Optimisation. Prerequisites. October 2015. 1. Note: the detail in slides marked “ * ” can only be seen if you run the slideshow. Crisis. Steve Keen. University of Western Sydney. Debunking Economics. www.debtdeflation.com/blogs. www.debunkingeconomics.com. Before the Crisis. Oliver Blanchard, founding editor of . AER Macro. “. Part I. CONSUMER THEORY (II). Laura Sochat. Constrained optimisation. There . are n goods consumed in quantities . , . . …, . . making up a bundle . , . …, . . The . agent income is . M, and the . Regional Price Parities. Bettina Aten, Eric Figueroa, and Bryan Vengelen. October 25, 2016. Outline. Overview. Methodology. Results and Applications. 2. Outline. Overview. Methodology. Results and Applications. M.N. SIKWILA. (PhD Economics). CONTACT: 0736024908. LESSON: OUTCOMES. After this lesson you should be able to:. Explain economic concepts models used in your industry and the economy . Discuss micro and macroeconomic issues that affect the working of the economy. Some Native American/Alaska Natives receive funds from their tribes which may/may not be countable unearned income- examples:. -Tribal casino/gaming money. -Per capita/ dividends. Edition. PART II. THE MARKET SYSTEM. Choices Made by Households and Firms. Copyright. PART II THE MARKET SYSTEM . (1 of 2. ). Assumptions for Chapters 6 through 12:. perfect . knowledge . The assumption that households . Affordable housing. Financing strategies. 9% Tax Credits. 4% Tax Credits. Workforce Housing (No Tax-Credits). *75% of units set aside for 60% Area Median Income and Below (Income Limits for 4 person household is ???) and 25% set aside for 30% Area Median Income and Below (Income Limits for a 4 person household is ??). Quantity Demand. #1 . The Income Effect:. . indicates that a . lower. . price. increases the . “. purchasing. . power. ”. of a buyer’s money income (also known as . real. . income. .). If . Elasticity – the concept. The responsiveness of one variable to changes in another. When price rises, what happens . to demand?. Demand falls. BUT!. How much does demand fall?. Elasticity – the concept. Gross Domestic Product (GDP). “GDP is the market value of all final goods and services produces within a country in a given period of time”. Y = C + I + G + NX. Y = GDP. C – Consumption. I – Investment.