Chapter 12 Gross Domestic Product and Growth How Can We Measure Economic Growth? Gross Domestic Product (GDP) – dollar value of all goods and services.
MICROECONOMICS. SSEMI1 The student will describe how households, businesses, and governments are interdependent and interact through flows of goods, services,
MICROECONOMICS. LAW OF SUPPLY AND DEMAND PRINCIPLES DEMAND COMES FIRST. SUPPLY ADJUSTS TO DEMAND. PRODUCTION REQUIRES TIME. EQUILIBRIUM IS A THEORETICAL.
MARKET FAILURE (Part 2) ECONOMICS – A COURSE COMPANION Blink & Dorton, 2007. p135-146 MICROECONOMICS.
Chapter 7 ©2010 Worth Publishers Macroeconomics: The Big Picture Slides created by Dr. Amy Scott.
KRUGMAN'S MACROECONOMICS for AP* Module The Study of Economics 1 Margaret Ray and David Anderson.
Where You Are! Economics 201 – Principles of Macroeconomics Tuesday and Thursday from 2:00 to 3:15pm Discussion – Friday from 10:00am – 10:50am Text: Macroeconomics,
Promoting Growth and Stability Chapter 3: Section 2.
Ecological Macro-economics: GNP. Policy paper ● Comments on all proposals will be done today (sorry for delay) ● 1000 word introduction to problem due.
The Simple Model of Price Determination © 2000 Fernando QuijanoElectronic Blackboard for Microeconomics.
Macroeconomics CHAPTER 6 Macroeconomics: The Big Picture PowerPoint® Slides by Can Erbil © 2005 Worth Publishers, all rights reserved.
Chapter 10: Monopolistic Competition And Oligopoly Econ 101: Microeconomics.