TAILIEUCHUNG - Lecture Macroeconomics (20/e): Chapter 1A - McConnell, Brue, Flynn

Chapter 1A - Graphs and their meaning. This appendix helps in understanding graphs, curves, and slopes as they relate to economics. It demonstrates how relationships between variables can be examined and how an equation that expresses that relationship can be derived. | Chapter 1A Graphs and Their Meaning Copyright © 2015 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. This appendix helps in understanding graphs, curves, and slopes as they relate to economics. It demonstrates how relationships between variables can be examined and how an equation that expresses that relationship can be derived. Construction of a Graph Graph A visual representation of the relationship between two variables Horizontal axis Vertical axis Independent variable Dependent variable Ceteris paribus LO8 The two dimensional graphs used in this textbook consist of a horizontal axis and a vertical axis. The point where the two meet is called the origin. As one moves away from the origin either up or to the right, the plotted values increase. Often the independent variable which is the variable that changes first, is placed on the horizontal axis and the dependent variable which is the .

• Kinh tế học
• Lecture Microeconomics
• Economic problem
• Economic principles
• Economic policies
• Construction of a graph
• Nonlinear curve
• Microeconomics theory
• Microeconomics applications
• Kinh tế vĩ mô
• Scope of microeconomic theory
• Normative analyses
• Demand curves
• Supply curves
• Consumer choice
• Theory of consumer choice
• Consumption choices
• Substitution effects
• Consumer choice theory
• Excise subsidies
• Economic efficiency
• Competitive equilibrium
• Relating output to inputs
• Empirical estimation
• Cost of production
• Shortrun cost
• Profit maximization
• Perfectly competitive markets
• Competitive model
• Excise taxation
• Monopolist’s demand
• Marginal revenue curves
• Product pricing
• Monopoly power
• Monopolistic competition
• Cournot model
• Game theory
• Economics of information
• Noncompetitive market models
• Iterated dominance
• Input demand curve
• Leisure choice
• Wage rates
• Minimum wage
• Hidden costs
• General equilibrium analysis
• Public goods