You are on page 1of 18

,' Da ie .... ........ ..

BUS[NESS C~ CLES

: A-pproocb

NW - Kq j Yl~ \aJ II

New Oas.~ita1 ec.onomisl: vi~


I

} Ne10 {Un -} R-1 uJ W\ll_Vl 2.. PV7 e.lp )


. £,IM<:iccd App:macb .

reno 's.
0

l\f\l\a lM f.1./l M VW-0 VJ.M be on ~o lif


Sfoce I

b/ 1/,) bruit.. P~ pl a n at:ton 6u-0iVJPM CJ¥" .

A'ot tn , \.;\lQ /) n,o..u) rlaMi' ca. l


p11a/2de cl Fn' ed Ma n an d · Phe.Jp.

dDJrlloped Lt nM
-t TYll ~'11>~ Cl pp\/Dapt, .WM bcw o_ d an +vu idoo •
:thQ-1 bnune.laotd
i nfo ® a±io n r,cnded
ond
1:0
rD· YY1al?e
'
f<UX dLJ1) Ml: I
fbei r: I
ot-
-Rtononait, dei1/)100
( Imp uiJUJ ; [n foYYnatiofl) •
1b e 2'eino d a ppvooeh u2lv> not bMe.d on ,mpex{f.-e~
w t=roo'.J'.J oJ::1 o o \f'Ql:be ¾ [ b JA20Jl ba.oed e:,;, on •
· ~L__-~q_J..1.h.u.oJ..f.~s..LDJ___
---l!i~~:-LLZJ.~tpr&..X.._1_ _ _~~~ __,,J.:Qn,i__--1,tf~'.f!...dh~nL.L.<..ol..l.lL-O'="l~'f-'-'~'}--~·e -

'-P'PVj wncl1° l{ono 1:b e MH>O d •


Qn d ,&.\
.l. ✓:..l,,&.o"""""d_ _
-----lobJ--r~pl,,LLvo...L.<....!,C.o-"'"'Ch-+------=--____.,,.,,i4"------~m~~µ9&C ±-o
__._......,___ ___,_,.a_.,_.D'-....:;_;-=::(J.._~a.J~--•

buLJfVJeM cw-,u ®ode J ._

CLFt-S/; 1CA L

s.bcx.k1> a od

Pn '-
J,
---------===H======~-- - - - - ' -
i---- '1.:.~. __ _ b_ot--h _ _ _ _ _ _ _ _ _ _ _~
etnd '!o\'Y") •
i - - - -l- - - - - - - -----=------....::.::...__~:....!..__ _ _ _ ___.:~
tl\f\')~ e7t

1 ---: ---- --= -=-


_ _ _ _fu......,.._.....o~

- - - -- -- - - - - - - . . : _ _ _
-=-==----(_ffe~O~L~e_d~~_ _ _ __ _ __ ,
0,U
__ ___ ~,
- - - - -- - -~ - -- - - - - - - - - - - -- - ~-,
- - - - -~ ~- -- -- - - - -- --- --- '''
- - - -- - ~
Da te ..... ........ .

~oru mon tn QtL . nan - CltllM i ca 2 maod.;1 iD #Jg_


~ ¾ pt:i on ct wril:::in.o u D Po ft(Y)
.
m RQbor
v
p,to d1 i& rmal!)fl<. a- Tb e2:l!
2:r?a9fk'e:l: cl oa u/\ if) d-i(, 1 -A I VUH -/::ha, 1
ROCh (AtOJ51S Ui
CU/\i 111 d cu ow c.o and u,a a.e 1.~JJfl +bo±
t ,D txpel'l--e d d:o p.91 _q_JJ at 1 · V

, Imp'7NuJ; In foyyr,oJ:i on

Md foo Lt4fj MadeJ

• To e fl n:l:: °'b ~,ed WltJ n ~ IY'l'.'.U'dd


• d'J.q D21J) covH:J viD u.o Lzr an d
au cU}jtW\L\ liJtmo an d tfl.1))ifu.,v ) aH 0
\/\?111 vJ±O 9f 1d . TbR

pwie.1re. p21u D h»e 1 And ttu.XJ.b ~


it i~

) ~
Fnedrnoo $ foolia~ r-roodel
olu2°-tl~ kn o u 2
'
(.I 1 91 x,w,t

- 00~
a
of
Le a x.n
+Jme
Le . u-eJ
OHLCC
I
Sut
"
r .1 roxk e.2:V)

1 e11£J un Ii,
Date ...... .. ......

Th e u..o no m r<.j LD ini b'a II~ ..IY] oa


-
m
- 0
a exu a 1 :r-eal CnDP is eq u.o l ±t,
t') a±:u,r al WaL wDP

l.OO"ide91 +b e ejtu1 ot= in cw a,Qe


ho a:9 3r:e 3ate de vn ,a. o d b'j ruonef a~
:pc.c al ei-- pan~ion s.

# la box SLLppl11 fS, Cl fw d::ioo at IA2


p

P't \A\ 1' -bu.~ IAO,m f-':1 onl1J obs:e91 ve~


#:
lcl 1': '
1 be.nc e. tA1DW "1YJ o'b:: e .

nxm S, aw IM. 11 l 03 +a pm ow ce. mort


berai 1se db e 'n,S b l'-!2t:i ot 0-9 '3 ~ a1f
deman d ;s accompa.o ,ed b:1 b13b o:
blk;l IA20~f.J1 ' ~ d,aa't:
p1cc: leN d
~QlA2 ID ax:: pwc(
Dat e ........ .. ... .

Y1

a >::tf foo led .

SaoneJ:t O:r:: lat--e2-1 up ut:-aooaql Qn n·2e u<lu


be. lD::rre c1:-e d '
Sa
lbD P long pmod of: ::Hme •
a re.su 1t py; edm a n '~ mo del i»
fiS
rome :nroe1' KOO t.00 aq na b.ut a 1 ?fate · roadeJ

LRAS
-I /rot
I

'
'
I,
-
-
'
I
~
r
-
- d__

-
...
I

--------------------------- ~" ----


F
PHELP Vt;f3SION Of foOLJNCn MOD ti i

Lo +o &fed man '~ d i<Zb'.)oClioo b/tA2 Cbfba~


ffx:ms. ood fno ,e d f/\J o~ ettA I a C.J..o-c dl~ to
Ph~ one f~ e_q1.A.a1iy fool ed
a ncl wo~ eJlil) ob< ::.~
.,
ws.e JO

t,rod 11 ce ruor l no c: Ka 11 ~ iD :1 -1-b at


.,. •
p41c e t eJtel ba.o ")ds en m
of= +be..
p /
Date ......... ·····

p,cic.e ot a

~ ,,.-, C!CCU91 D J::pj~ ol . -1-h e OiJkp



-lb a* -p~it:e
- -o ha,o ino-:eM ed "illi"'' '
cf XWl PYDa/.uc u •of:
Q,.,o - 91'~ p:dle.. ofbett
~ood s. xem a ins. ,,oos,t:arrt a 4
l::fsu 11:: frxm~ pmcluc.e ,y'.YlCX 4

Howwm soone21 o:r lc1±1>1


:-:Hnat
. J

-fuDJ:<L ¼ no c.ban9 e IO

r:eJ ru:i ve. p:-x5c,,e__ va.tia So 7ncren ~e. · fn


p:ocLuc:boo c.ubscquon-tUz\ xe,,clu CLQ And
-tbQt W.LW<'A buaine.v. ct1rJe .

~
Ca111c1sM : fued man and PbeJp appmach ._
t J)u,c.b.Pj -their: Uaim :HJOvb
V
ti l o::x:K 1'91 D
CV1d.. p'X>'.Yk0 . ·h al d io
·
- wttcc..t . f-)Lp ,,rt-cd::i oo fox:: <;. j 961# CA.fl±
period at Broe 'd 01 Ale ,u:e.,a-1, 4:bctl
0'1511 me.nl hM VJOi.
' bf on
ail!l p If d d 11.Q · ±o fo UnLW °v 0

rt70S,DY\D ·
D•a)le ·· · · · · .. ··· ·· ·

• ff\ Tb r9-<~ --L) no :r-ea,an QtJ±o g,ioe,~ D\lk


'
'-Y ot- J,v m:IS I',-, ,1 bee a ,u:i e

I
• c,,-,.
r re I ~ te 1 h O<l t OC"tfea oed ·

~eu,~ a bau± . at p:cic e


pu bA i $..Yl e d b':j go,rf.Jt nme.11,t
; v1 l::e 9:1 V al.{)

lf pva'od\ ot h, ~ h xeoA rnOP


0

o..od f2JD?!,))~ DUD •


Po -o.od -1-
Or ~ c
e.to n a rYl.-l
rA) r,9-:(..g · ~.s au.omparu. Ul..ed
a Lu2
iocYW..oe
tP.vf1
tAm111 d {eattn fro rn pot?t- ,
D at e ..... . -· •·· ···
PRoeos rn ctJ~
ef fE L[ l\l fN c~ S
Luc Af> fYl oc E 1 & Po L
t"" J.
R()J{ on aJ.. &x p e. Lh:t.H"on .

r...-
un an bc lp aH 'd
Anl:lrtp ok ' -d

-- - - - 3
fl CCD v::d f:a g +o Lull'Lt> m od el ; LJ p u l: a ti o n.o
U'- 0 ili 0:1 g
et <}{,J
a od
~
" -,
I

u w cb m e a VV)
1ra :l:ia o a 1
~
210Ja ,v an ,t \JQ9-d ,able,,1
on aH

m od el to nt ai Y ½ 3 a s~ u. mpHoq_.c •

Luras
- - - - - - - - - - ----~
- ~ ~-= --
CD- - ~m.LaH
Rrl:: u..a a 21 Lil~j - - - - - - - -- ~~
. .l.&. L.l. :u..A,....._----1.~ ~
-~- ~
_~
r _____
_
G-) Jm p fe--t. ±U tfo :rm
I . . At - -------=.In
__ __ ,_ _~~ ~ ~ ' .bt
L_ j-1 -U a±
LL J.~ :io
l... l'.2 .__

- ~
n . - - - - -- - ~
-t&~
-cu-~
® & Ct ..ti
- - .. - c _ _ ----'--'==~~
onal -~~xrld
~
~
- - - - - - - -- - -
--------
Date .... .... ... .. .

AccoxdJ\1~ ±o +vi1.o YYJDdei 0 11 tp I J f: CO D fw c.b 10 ff


OY) 1~ uJ-b fJ<J-- , tJ u.n an □ ct po l:e cl_
.
ClO on 'je beca,we c_,boa9 f AJJ
.
llDnc.i pa 1-:-e d +b en .en V'ab'ooal u.perto±ior
0.11 io fo::x:w a ti 1,0 n ; Q x.R.,_ ctu?aa·ciy

§0\/()(YY) fflt poL&<.y rAZ O-a, QI) Lt.j

Re o.1 llj cl e moouJ. e xpl oor:w


b\)J)iY)fM ~du
CJ]AMed b'j ±CCYIV2DkO~(ca£. S.nacJ<.. OY-
j
snotK :C.n of-
a.ch/ &toe s\')OCK• Otil:p 1!!: ?10,cLuce.o
bt ±ban nabo:ro t I oue1.
....v •

Do +be D-\::he)t loan cJ. f ru.m u,-r, able ~ u.pplj


'
S.bark ,t O t>:< R Cl .D e.. or H--p u 1 cw d +he9o..h lj
OU!:pllt eJ'. cr e.d s, nabw a/ f.wfJ
Dcd e .......... ... .

'\t - -

r
~mpLo ~rY1W N
Date ....... ...... .

i;_LlpplA_j s.hoc.K CAD ca Iw e bu J\ i-Y)ll&J


0:U tJ,) a'Hq11od +bat
"'('""(' _Q J b ll,O i v:u LY'.) mad el bM s> d
c anna±::
c/,Ou W t::u.xn De

LAJe m uol::- Rno c.o }bat: <>-<Ral buo,aolY\


c..y cJ e op, n a H'.a d A iR +n fa AID 11 ~ o b(1.
and ad v e2-w.1L s;u.pp~ ckiocx
D.e.op, \:f ::Ha g/2, Um,±:o b 'o/J both l11caa
model ood real buo, 00 &3
Ynod eJ have a gtzmn~ a pp-eal +o
lomad

c1~1cod
tra ng e
pos.H::iv:e o hi bub' oru
ynocw unnawu.·0
kO o+ ru 1 ,t)
i Y7 C,Lu,d.L ;
...
G) B('"IJb'oooJ P ~ p u±-a.:b'on Ulhicb fJ)(' ({111<1
mlrxo and mat2<-D .

ot e tf:i cl t' n±

LI'rfa±:f 21 uocl o,-c!)±anollnj 0 t= MDnomic


Il?o li"tct


D ate ... .. .... .. .. .

eW/\J QM J cc.
'

( t) Nan m a~ei cJ eA>:LJ. Oj


0
fnod el { Demand =f:.~uprt.J

In 0, YJDn · mco1l'S el:


anol JiYn'.J s,
:7::h ei Jr d--Oman d etod ,u.pp~
scbed1112, rn f-cu± aw
~CVl e d11 lg
Qiro,,ctua 1 o dj, &arr0eJ111 (\,)()JJ,)

UL)QOmf La <--xpl ain

......•
= iY)
ud:Ho
au
w~
ot
lona1~tu\J

...... and. -lliu:n


o~,ime d +o boNe V'a:b'ona)
~pe.etcv·t>'on ,

......
......
I
(?) Neu)
blI tD
ke~nesian ~~ooom1c&,{ maRe<) ctid1oc b'on

•• tNom,aal ~ i9loti~ lLJ a ~atto~ ±hat:

- no
.., nhibi \::

~oo1e
m, oo,
6a.eto)1
fh=lc e
Hoe
te»:t!
..bUC.h QI)
~ at1
"b' l1. ~
d I' Q

menu w~b
>rn
ot

J ,- ().Xld
- ---1.,.bd...!..IL---- s-ta-9
- -,u ~.e.,,
~~ eot
~- wn:tr:or.H.,L____ _ _ _ _ _ __
~LLJ.!:!__~

...
_.1- - - - -- - - - - - - - - -- - - - --
s~
----
F

Date ... .......... .

!>MALL f\1QM INAL g, en, D1t1cs.


f
\
me tROt WNQJY\l Ci EfffCI ~ ,

Ibe Ol'J.D Re\j n ts fa. O model do<U> noi p1a c.e a n-'J
ape cioJ t2lTlpba ~(<: oo ftt;;,caO poli°i aD oppo~d
,monetmt~ poU.l\J · ·i ._
-lo · bow ll'a.b'or,al pwfi ._
lYI sl:f..ru! , it sh lll.llS cl , , b!j bu.ofo e.u f,\t)VJ

1Yl01j
wu:e~ .

&ett:tn9 a monopoli~ht
D ate .. ..... ...... .

I
,. -rn-c..
' I
<'.'.l<.. rn.wVUJ poU. st
Date ..............

- ~topU~
I >tt ' -- •
~ I tboUJ)

D~
v p)i\) dJJC o d .

· belo
cwavee ::ltl.R P"Y1 U IRA&

bebDeon Po and Cn

UVLl
1ninal Mlo
'lj 1½1 >0 CB-ti M

MC C11'C ld :

ibe. p1:-:1' t.e. I g, d 1 te,rmio ed at PIM Eo . JAW2 '.K-l

--¼::VH! c.to.,os.e o 1
fn,H aJ,r oLmcwd c.l t,t ,v(
Date ... .... .. .. ...
Tu, :+o (l De cUne ()
10 Deraood
Ia u. od ens\::ao d bncn ]'.'( .cue Ion.o 10 rt.al outp1H ma~
DCOi,:t, t fr Ui) tlOLO o.xomun1!
ot Q d.e.<lln <. io demand.. fur pvoa11cJ-

?be dtu.loe fl,Y} 0 u.JQ

doumu ,and Shi/+ from dao.beol fnih'al o!t-D?arzd


Doud Ow2 demand CJm1rf
TD 2::LJU!.PM1 en r firm rru.wt
pvocluu .ftt70 ,e,amc amo UJd;l eta 6e,to}<. f 'lo ,.

VZ Q.U) Cid Ul.HAX cv Er ,


outpul h, be chocen b'J
nmh'"t a.J. DYil;: £, I ·,• k~
I

• f) U'MA a t11j +nak /VI t: olech."oe


6 eb.n e"n lvdb'al
6 'j

• MCo cwd 210 f U ivfd


.&lao uffi
IVI.C, liow .
• low ex c..Q jJ od
11
2-aq {,A,i ~

Tue UV:Ll :

be.r {j ,LAI) e. o olUlLno ,en .M C iA :nM-Dl-e ol 1n

• a %UV)4iso

••

'4, ~o
ou:tt'u.t l'f)
Date ... .. ........ .
. .

ovzt1 rnti.nu~ U9Rl--

t>J:Y\h c:h fYUJC.h um~

You might also like