CH 2CH 2 The Economics of Price Determination Kent B. Monroe (2007). Pricing: Making Profitable Decisions. 3 rd Edition (Singapore: McGraw-Hill).
Chapter 8 The Instruments of Trade Policy Prepared by Iordanis Petsas To Accompany International Economics: Theory and Policy International Economics:
Elasticity Today: Thinking like an economist requires us to know how quantities change in response to price.
Researching the market place
Researching the marketplace
Introduction Basic Tariff Analysis Costs and Benefits of a Tariff Other Instruments of Trade Policy The Effects of Trade Policy: A Summary
Instruments of Trade Policy GTGKG213SZ. Introduction –What are the effects of various trade policy instruments? Who will benefit and who will lose from.
Chapter 28 Presentation 2. Government Intervention in Externalities 1. Lawsuits- pay damages to the injured party or the fear of litigation persuades.
DOUBLE SHIFTS IN SUPPLY AND DEMAND. Today’s Agenda Objective: To explain the change in price and quantity when there is a shift in both supply and demand.
Strategic Pricing: Theory, Practice and Policy
Demand and Utility. Diminishing Marginal Utility: The more you have of a good, the less an additional unit of the good is worth to you.