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Lecture%204%20January%2031

Lecture%204%20January%2031 - Ten ways to help us all make...

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Ten ways to help us all make the most of these 80 minutes 1. Arrive prepared and on time. 2. Silence and stow your cell phone. 3. Use the restroom before , not during class. 4. Stay attentive and engaged until you are dismissed. 5. Ask a question when you don’t understand something. 6. Sit as close to front and center as you can. 7. Do not talk to your neighbors. 8. Do not read or send text messages during class. 9. Do not use a laptop during class. 10.Sleep somewhere more comfortable.
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Today’s Agenda Equilibrium price and quantity in the supply and demand model Comparative statics The rationing and signaling functions of prices
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