CH4_ECON2301 - Macroeconomics ECON 2301 Spring 2009 Marilyn...

Info icon This preview shows pages 1–8. Sign up to view the full content.

View Full Document Right Arrow Icon
Macroeconomics ECON 2301 Spring 2009 Marilyn Spencer, Ph.D. Professor of Economics Chapter 4
Image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Exam 1, February 12 Exam 1, February 12 Study Chapters 1 – 4. Come to the exam prepared to use: Textbook & notes 3”x5” card Only your brains & a pencil Scantron sheet will be provided.
Image of page 2
Teaching Project Orientation Teaching Project Orientation Fill out paperwork ahead of time. Select a teaching partner. Attend one of these 90-minute sessions, in FC 101, Feb. 11 or 12: 1 p.m. 3 p.m. 5 p.m.
Image of page 3

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Chapter 4: Extensions of Demand and Supply Analysis
Image of page 4
Changes in Demand and Supply Changes in supply and demand create a disequilibrium. The market price and quantity adjust to a new equilibrium.
Image of page 5

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Review of The D Side of the Mkt.: 1. Price of related goods Substitutes Goods and services that can be used for the same purpose. Complements Goods that are used together. 1. Income Normal good A good for which the demand increases as income rises and decreases as income falls. Inferior good A good for which the demand increases as income falls, and decreases as income rises. Variables That SHIFT Market Demand
Image of page 6
3. Tastes 4. Population and demographics The Demand Side of the Market Variables That Shift Market Demand Demographics The characteristics of a population with respect to age, race, and gender.
Image of page 7

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Image of page 8
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern