EC 200-B01

Qd = 10-2P
Qs = 20+1P

where Qd is Quantity demanded, Qs is quantity supplied, P is price
Qs = Qd
10-2p = 20+1p

  • Price @ equilibrium equations
  • “invisible hand”
  • laissez-faire
  • elasticity of demand
  • growth
  • business cycle
  • peak: concern with inflation
  • valley: concern with unemployment
  • GDP=C+I+F+X-M
  • market failures
  • prisoner’s dilemma
  • Ricardo, Malthus
  • structural, cyclical, frictional unemployment
  • monetary valuation
  • 41 questions, all m/c
  • Schumpeter, Smith, Galbraith
Advertisements
Both comments and trackbacks are currently closed.