Copyright © 2001 by Houghton Mifflin Company. All rights reserved. 1 Economics THIRD EDITION By John B. Taylor Stanford University.
Chapter 3 Applying the Supply-and-Demand Model. © 2004 Pearson Addison-Wesley. All rights reserved3-2 Figure 3.1a How the Effect of a Supply Shock Depends.
Chapter 3 Applying the Supply-and- Demand Model. Copyright © 2012 Pearson Education. All rights reserved. 3 - 2 Topic How the shapes of demand and supply.
Chapter Two Supply and Demand. © 2007 Pearson Addison-Wesley. All rights reserved.2–2 Supply and Demand In this chapter, we examine six main topics. –Demand.
John B. Braden University of Illinois at Urbana-Champaign Economic Modeling for Water Resources NSF Interdisciplinary Modeling Workshop – July 2005.
Chapter 2 Supply and Demand Copyright © 2010 by The McGraw-Hill Companies, Inc. All rights reserved.McGraw-Hill/Irwin.
2-1 Definitions Supply and Demand: the name of the most important model in all economics Price: the amount of money that must be paid for a unit of output.
Political Economy of Trading States International Political Economy Prof. Tyson Roberts.
Simulating Transformative Resources in the Electric Power Industry: Andrew Ford Professor, School of the Environment Washington State University February.
EXCHANGE RATES. “I’ve watched year in and year out as companies have shut down and people have lost their jobs because China has not played by the same.