PPT-ECON 100 Tutorial: Week 13

Author : stefany-barnette | Published Date : 2016-11-26

wwwlancasteracukpostgradmurphys4 smurphy5lancasteracuk office LUMS C85 Question 1 Suppose the inverse demand function is given by P4502Q And the supply c urve

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ECON 100 Tutorial: Week 13: Transcript

wwwlancasteracukpostgradmurphys4 smurphy5lancasteracuk office LUMS C85 Question 1 Suppose the inverse demand function is given by P4502Q And the supply c urve is given by MPC302Q where MPC is the marginal PRIVATE costs In addition there are social costs given by MSCQ that is every unit of o. www.lancaster.ac.uk/postgrad/murphys4/. s.murphy5@lancaster.ac.uk. office hours: 3:00PM to 4:45PM . tuesdays. LUMS C85. Question 1. Use AD-AS analysis to show how each of the events below will affect the equilibrium price level and real output in an economy in the short run when the aggregate supply curve . 17. Shane Murphy. s.murphy5@lancaster.ac.uk. Office Hours: Monday 3:00-4:00 – LUMS C85. Outline. Roll Call. Problems. Chapter . 26: . Problem 3. Your uncle repays a loan from a bank by writing a . cheque. 14. Shane Murphy. s.murphy5@lancaster.ac.uk. Office Hours: Monday 3:00-4:00 – LUMS C85. Outline. Roll Call. Problems. Exam Notes. Chapter 20: Problem 5. Here are some data . from the land of milk and . Week 10. Ayesha Ali. www.lancaster.ac.uk/postgrad/alia10/econ102.html. a.ali11@lancaster.ac.uk. o. ffice hours: 8:00AM – 8:50AM . tuesdays. LUMS C85. Question 1 . H2OClean Ltd supplies domestic kitchen water filters to the retail market and hires workers to assemble the components. A water filter sells for £26, and H2OClean can buy the components for each filter for £1. Kevin and Sharon are two workers for H2OClean Ltd. Sharon can assemble 60 water filters per month, and Kevin can assemble 70. If the labour market is perfectly competitive, how much will each be paid? . 7. www.lancaster.ac.uk/postgrad/murphys4/. s.murphy5@lancaster.ac.uk. Office: LUMS . C85. Question 1 . There . are no barriers to the entry of new firms into the market. .. . Firms . in the industry produce differentiated products. . 6. Shane Murphy. s.murphy5@lancaster.ac.uk. Office Hours: Monday 3:00-4:00 – LUMS C85. LUMS . Maths. and Stats Help (MASH) Centre. Are you mystified by . maths. ? Stuck with statistics? The LUMS . www.lancaster.ac.uk/postgrad/murphys4/. s.murphy5@lancaster.ac.uk. office . hours: . 3:00PM . to . 4:00PM Mondays LUMS . C85. Question 1 . From . the national income identity, what association might exist between a fiscal deficit and a trade deficit? . Ayesha Ali. www.lancaster.ac.uk/postgrad/alia10/econ102.html. a.ali11@lancaster.ac.uk. o. ffice hours: 8:00AM – 8:50AM . tuesdays. LUMS C85. Today’s Outline. Planet Money Podcast – . Invention of the Economy. 2. Why study bubbles?. “[An] issue that clearly needs more attention is the formation and propagation of asset price bubbles…I suspect that progress will require careful empirical research with attention . www.lancaster.ac.uk/postgrad/murphys4/. s.murphy5@lancaster.ac.uk. office: LUMS . C85. Permanent Income Hypothesis. People will spend money at a level consistent with their expected long-term or lifetime income. When young, people generally borrow, when middle aged people pay off their loans and save for retirement, and when old, people spend what they saved.. Shane Murphy. www.lancaster.ac.uk/postgrad/murphys4/econ15. s.murphy5@lancaster.ac.uk. Today’s Outline. We’ll review the exam from Friday. Which of the following reasons can explain why people have preferences for holding money?. Week 10. Shane Murphy. www.lancaster.ac.uk/postgrad/murphys4. Question 1 . H2OClean Ltd supplies domestic kitchen water filters to the retail market and hires workers to assemble the components. A water filter sells for £26, and H2OClean can buy the components for each filter for £1. Kevin and Sharon are two workers for H2OClean Ltd. Sharon can assemble 60 water filters per month, and Kevin can assemble 70. If the labour market is perfectly competitive, how much will each be paid? . Shane Murphy. www.lancaster.ac.uk/postgrad/murphys4/econ15. s.murphy5@lancaster.ac.uk. Today’s Outline. Planet Money Podcast – . #222 Consumer Price Index. Feedback: Did you like the podcast? . Was it useful in understanding how we calculate the Consumer Price Index? . study of flow of goods and services across space. Look at ways in which people provide for themselves across the globe. Geographic patterns of inequality at different scales. Globalization:. is a MAJOR thread throughout econ geo….free trade, international trade, international econ alliances, etc..

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