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Microeconomics Pre-sessional September 2015

Microeconomics Pre-sessional September 2015

Microeconomics Pre-sessional September 2015. Sotiris Georganas Economics Department City University London. Organisation of the Microeconomics Pre-sessional . Introduction 10:00-10:30 Demand and Supply 10:30-11:10 Break Consumer Theory 11:25-13:00 Lunch Break

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787 views • 75 slides
APPLIED ECONOMICS FOR BUSINESS MANAGEMENT

APPLIED ECONOMICS FOR BUSINESS MANAGEMENT

APPLIED ECONOMICS FOR BUSINESS MANAGEMENT. Lecture # 2 Review Go over Homework Sets #1 & #2 Consumer Behavior. Lecture Outline:. Review Homework Sets #1 & #2 Consumer Behavior. Consumer Behavior:.

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691 views • 58 slides
APPLIED ECONOMICS FOR BUSINESS MANAGEMENT

APPLIED ECONOMICS FOR BUSINESS MANAGEMENT

APPLIED ECONOMICS FOR BUSINESS MANAGEMENT. Lecture # 2 Review Go over Homework Sets #1 & #2 Consumer Behavior. Lecture Outline:. Review Homework Sets #1 & #2 Consumer Behavior. Consumer Behavior:.

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597 views • 58 slides
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??????????. ????. ???? (Indifference Curves ) ????? (The Marginal Rate of Substitution) ???? (The Utility Function) ???? (Marginal Utility) ?????? (Some Special Functional Forms). ????. ?? : ?? ???? ???????????????????????????

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1.42k views • 52 slides
Lecture # 05 Consumer Preferences and the Concept of Utility (cont.) Lecturer: Martin Paredes

Lecture # 05 Consumer Preferences and the Concept of Utility (cont.) Lecturer: Martin Paredes

Lecture # 05 Consumer Preferences and the Concept of Utility (cont.) Lecturer: Martin Paredes. Outline. Indifference Curves (end) The Marginal Rate of Substitution The Utility Function Marginal Utility Some Special Functional Forms. Indifference Curves.

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716 views • 49 slides
Economics 1- Lecture Note 3

Economics 1- Lecture Note 3

Economics 1- Lecture Note 3. Each day involves decisions about how to allocate scarce money and resources. As we balance competing demands and desires, we make the choices that define our lives. The result of these individual choices are what underlie the demand curves and price elasticities.

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200 175 150 125 100 75 50 25

200 175 150 125 100 75 50 25

200 175 150 125 100 75 50 25. Price, costs, and revenue. Q. 0 1 2 3 4 5 6 7 8 9 10. $9 8 7 6 5 4 3 2. MC. ATC. D. MR. A monopoly making a profit. This is the most important cow all year!.

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Unit 2: Supply, Demand, and Consumer Choice

Unit 2: Supply, Demand, and Consumer Choice

Unit 2: Supply, Demand, and Consumer Choice. Length: 3 Weeks Chapters: 3, 20 , and 21 Activity: Pearl Exchange Assignment: PS #2. This is the most important cow all year!. Connection to Circular Flow Model. Do individuals supply or demand? Do business supply or demand?

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204 views • 19 slides
Unit 2: Supply, Demand, and Consumer Choice

Unit 2: Supply, Demand, and Consumer Choice

Unit 2: Supply, Demand, and Consumer Choice. This is the most important cow all year!. Connection to Circular Flow Model. Do individuals supply or demand? Do business supply or demand? Who demands in the product market? Who supplies in the product market?. DEMAND DEFINED. What is Demand?

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210 views • 19 slides

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