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South East and East Asia Sven Hagemann GRS Asia Pacific AP Regional Mercury Storage Project Executive Committee Execom Meeting 2930 July 2011 Surabaya Indonesia Overview What is . © 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 . A relationship between price and quantity demanded in a given time period, . ceteris paribus. .. Quantity demanded. . - . the quantity that a buyer is:. ready. willing. able to buy. .. Demand. Demand schedule. Key Drivers and Structure. 2015 Integrated Energy Policy Report. California Energy Commission. February 26, 2015. Leon D. . Brathwaite. Supply Analysis Office. Energy Assessment Division. leon.brathwaite@energy.ca.gov//916-654-4771. Chapter 4. Outline. Equilibrium and the Adjustment Process. A Free Market Maximizes Producer . Plus Consumer . Surplus (the Gains from . Trade. ). Does the Model Work? Evidence . from the . Laboratory. IMQF . course. in International . Finance. Caves. , . Frankel. . and. Jones (2007) . World. . Trade. . and. . Payments. , 10e, . Pearson. Outline. Basic definitions. Foreing exchange (FX) market (supply and demand) under different FX regimes. Common Sense Economics ~. What Everyone . Should Know . About Wealth and . Prosperity. http://CommonSenseEconomics.com/. . 1. Turn on the learning light!. Introduction to PowerPoint . Slides. The PowerPoint slides for the Common Sense Economics (CSE) electronic package provide an overview of the most important points covered in the text. Students should read the text, watch the assigned videos, and listen to the podcasts prior to reviewing the . . by Wiley Miller. . . MARKETS. Institution that brings together . buyers (DEMAND) . and sellers (SUPPLY) of resources, goods and services. DEMAND is. Amount of a good or service consumers are . Essential Question:. What are demand and supply, and what factors influence them?. Demand and price. Demand comes at a price. . Burger. . . Quantity. demanded . – amount of a good/service consumers are willing to pay . increased demand for consumer goods. B) increased production of capital goods. C) increased revenues. D) greater government expenditures for transfer payments . When more people are unemployed, the government must provide more in the way of social services (transfer payments). Therefore high unemployment usually results in . ….. Bueller. .. What is economics??. ECONOMY. - . Making and spending . =. . $$$$.. How a country meets the basic needs of its people. Economy. Businesses owners compete . against each other. Government interferes . 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??. Current Account – no long term liabilities are created. Balance of Payments on Goods and Services. a. Exports – imports. Factor Income. Payments for the use of factors of production (land, labor, capital, entrepreneurial ability). 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. . IMQF . course. in International . Finance. Caves. , . Frankel. . and. Jones (2007) . World. . Trade. . and. . Payments. , 10e, . Pearson. Outline. Basic definitions. Foreing exchange (FX) market (supply and demand) under different FX regimes.