micro-2009-1

micro-2009-1 - Intermediate Microeconomics Ani Guerdjikova...

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Intermediate Microeconomics Ani Guerdjikova Fall 2009 Ani Guerdjikova ECON 3130 Fall 2009 1 / 246
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Analyzing Economic Problems and Institutions Analyzing Economic Problems and Institutions .. ³Retirees Fear Shrinking Social Security Checks² ³Lower Costs Help Pro´t at Burger King² ³As Sales Plummet, Borders Posts a Bigger Quarterly Loss² ³Oil Prices Fall Below $73 after De´cit Report² ³Wind Farm Debate Splits Property Owners² "Airlines Are Sweetening Frequent-Flier Programs² Ani Guerdjikova ECON 3130 Fall 2009 2 µ 246
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Analyzing Economic Problems and Institutions Economic policy questions 1 2 Is the number of unemployed going to rise or fall? 3 How is the exchange rate going to change over the next months? 4 Will a decrease of gas taxes lead to higher turnover at the gas stations? 5 Is it better to introduce a minimal wage or transfers to the poor? 6 What are the e/ects of subsidizing an industry? Ani Guerdjikova ECON 3130 Fall 2009 3 ± 246
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Agents Agents Consumers Firms Governmental organizations Decision-makers are often groups of people Example Planning a vacation:
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This note was uploaded on 10/10/2009 for the course ECON 3130 at Cornell.

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micro-2009-1 - Intermediate Microeconomics Ani Guerdjikova...

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