PPT-A Level Economics Taster Lesson Demand and Supply

Demand and Supply Teacher Mr Moosajee Twitter BusEconYMOHGS The Mr Moosajee Why study Economics If you ever wonder How are the worlds scarce resources allocated and why What factors determine prices and why do they always seem to. © Peter . Berck . 2012. Lecture Outline. Goods. People Demand Goods; . Shift in demand. Firms . Supply Goods; . Keep Supply and Demand Separate. Demand and Supply intersect at the equilibrium price and . SEDSI, 02/29/2012, Columbia, SC. Forrest Stegelin. Agricultural and Applied Economics. University of Georgia. The “Buy-Local” Movement. Specialty crop market . for fresh fruits and vegetables is bolstered by positive media press, the new “. Art . and & BTEC Art & DESIGN L3 Artists-. . We aimed high - students had to generate a completely new and original piece of art within a 30 minute task - it was a challenge but results showed that they were able to met this head on. We were all impressed!. 1. st. and 2. nd. July 2015. “Gives . academically able year . 11 . students a chance to visit . the Sixth Form for . a taste of what it would be like to study . at here”.. welcome. Why Sixth form?. AP Economics. Ms. . LaRosa. What would you be willing to buy?. How many bags of your favorite candy would you be willing to buy at each of the following prices over one-week?. $1. $2.50. $5. What is Demand?. The Basic Decision-Making Units. A . firm. is an organization that transforms resources (inputs) into products (outputs). Firms are the primary producing units in a market economy.. An . entrepreneur. Today:. Aggregate demand. Why is it downward sloping?. Factors that affect the aggregate demand. Aggregate supply. Long-run aggregate supply. Short-run aggregate supply. Why is it upward sloping?. Factors that affect the short-run aggregate supply. price. Demand. Desire to want something and the ability to pay for it. Law of Demand. When the price of goods goes down, then demand goes up and if the price goes up, then demand goes down. Graphing Demand. The quantity of a specific product that a buyer is . able. . and . willing. to buy at a certain price. Usually at a particular . time. and . place. Remember those . time and place utilities . that add value to a product??. Tongue Rolling. T- tongue roller. Dominant. Tt or TT. t - non-roller. Recessive. tt. Attached Earlobes. E- Earlobes. Dominant. EE or Ee. e- no earlobes. Recessive. ee. Interlocking Fingers. I- interlocking fingers (left thumb). Demand and Supply are . 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. . (1970’s). Amanda Rose. Mr. Gill. Economics. 19 March 2013. Economics Theory Project. HISTORICAL CONTENT. . Supply Side Economics first came about in the 1970’s (70-72) as the ideas of Arthur B. Laffer. Laffer believed that lower tax rates would result in economic growth, providing the government with more, not less, income, in the long run. Supplying more goods will stimulate economic growth, and lowering taxes will help produce the desired affects.. School Term Time Climbing Sessions. Monday. Tuesday. Wednesday. Thursday. Friday. Saturday. Sunday. NICAS . 5pm - 7pm. NICAS . 5pm - 7pm. NICAS . 4pm - 6pm. NICAS . 4pm - 6pm. NICAS . 10am -12noon. NICAS . demand, supply, equilibrium. PRESENTATION FOR ECONOMICS HONOURS STUDENTS, SEMESTER I. CONCEPTS:. NATURE OF ECONOMICS. Traditional economic theory has developed along two concepts; (1) Normative and (2) Positive. .