TAILIEUCHUNG - Lecture Macroeconomics (9/e): Chapter 5 - David C. Colander

Chapter 5: Using supply and demand. In this chapter you will learn: Apply the supply and demand model to real-word events, demonstrate the effect of a price ceiling and a price floor on a market, explain the effect of excise taxes and tariffs on a market, explain the effect of quantity restrictions on a market, explain the effect of a third-party payer system on equilibrium price and quantity. | Using Supply and Demand It is by invisible hands that we are bent and tortured worst. — Nietzsche Copyright © 2013 by The McGraw-Hill Companies, Inc. All rights reserved. McGraw-Hill/Irwin 1 Chapter Goals Apply the supply and demand model to real-word events Explain the effect of excise taxes and tariffs on a market Demonstrate the effect of a price ceiling and a price floor on a market Explain the effect of quantity restrictions on a market Explain the effect of a third-party payer system on equilibrium price and quantity 2 Application: Apples in the United States D0 Quantity The hurricane damage caused the supply curve to shift left Hurricane Irene destroyed a significant portion of the apple crop in the northeastern . S1 Price rose from P0 to P1 where quantity demanded = quantity supplied Q1 P1 S0 Price P0 Q0 Apples Excess demand 3 Application: Sales of SUVs in the . P0 Q1 P1 Increasing gas costs causes the demand curve to shift left Gasoline in the . is increasingly .

• Kinh tế học
• Lecture Macroeconomics
• Kinh tế vĩ mô
• Macroeconomic problems
• International macroeconomic policy issues
• Government intervention
• Quantity restrictions
• Bài giảng Kinh tế vĩ mô
• Science of macroeconomics
• Data of macroeconomics
• Unemployment rate
• Inflation rate
• Principles of microeconomics
• Economic models
• Tools of microeconomics
• Microeconomic transactions
• Natural rate of unemployment
• Consumer price index
• National income
• Agriculture sector
• Agricultural policies
• Economic fluctuations
• Macroeconomic policy
• Business cycle theory