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Economics 1
Economics 1
u
Micro Economics
Chapter 3
-
meat
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Frank 60mins 15mins 8 ounces 32 ounces
Meat- Ruby
3 both Frank
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Example 2:
wheat, wheat
3 000
.....--------
,
US Japan
---------
600
2,000
160
250 500 computers 120 240 computers
5000w = 500 1200 w = 240e
Ic = low 1 = 5u
1 =
10 a 1 =
152
No teade :
US 2500 w
2502 3100 w
JP Goo 970C
1200
Specialization 160 a
&
: us -> 3400 w +
3400W
/3400 w
50 000
.
+ 3400w - 34000hrs
1 50 50 30 10 40
2 90 40 30 20 50
3 120 30 30 30 60
4 140 20 30 40 70
5 150 10 30 50 80
6 155 5 30 60 90
© 2018 Cengage Learning®. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part, except for use
as permitted in a license distributed with a certain product or service or otherwise on a password-protected website or school-approved learning 10
management system for classroom use.
Table 2 The Various Measures of Cost: Conrad’s Coffee Shop
© 2018 Cengage Learning®. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part, except for use
as permitted in a license distributed with a certain product or service or otherwise on a password-protected website or school-approved learning 16
management system for classroom use.
Macro Economics
CHAPTER26
y bonds
fifth
Financialmarket
bonds
u
Surplusof FINANCIAL shortageofSt
Savers Investment
Lenders paper
Saving Investment
Indirect Finance
S FinancialIntermediaries
moreexpensiveto borrow
Banks
STOCK mutualfunds for not a lot ofmoney
if
equity
holders owners of firm Nah lack of expertise
L
issuer dividend diversification
capitalgains losses chargeservicefee
Closedeconomy netexport NX 0
Y Ct It G
I Y C GG
a
tax
i
Y C G SC2
1 2 S I
T G O surplus
Gov O defi it borrow
Budget issue T bond
rn S I
Qm
Savingincentives St rt IT
rn so
soft
I In
Io
Investment incentives
rn so
I so I In rt ST
foQm
Budgetdeficit T G O
rn s public sus sd
rt It
I Crowdingout effect
do
I
3
CHAPTER 28
What is unemployment Unemployed
unemployed rate
Employment Labourforce
Adultpopulation
U rate increase
U rate not change
U rate not change
types
Cyclical U
businesscycle
Recession tap Chap35hoc
y a short time
is agoodthing Findsuitablejobs
jobsearcher
Natural U changeindemandlabour
average sectoral shift
structural U insufficientjob
Wages Wages
Minimumwagepolicy
I government
wage
surplusof
Unions labour
Efficiencywage Qp Q
75 u
Micro
Macro