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Catégorie :Category: nCreator TI-Nspire
Auteur Author: gaiastorage
Type : Classeur 3.0.1
Page(s) : 1
Taille Size: 5.74 Ko KB
Mis en ligne Uploaded: 24/10/2024 - 08:53:13
Uploadeur Uploader: gaiastorage (Profil)
Téléchargements Downloads: 1
Visibilité Visibility: Archive publique
Shortlink : http://ti-pla.net/a4272668
Type : Classeur 3.0.1
Page(s) : 1
Taille Size: 5.74 Ko KB
Mis en ligne Uploaded: 24/10/2024 - 08:53:13
Uploadeur Uploader: gaiastorage (Profil)
Téléchargements Downloads: 1
Visibilité Visibility: Archive publique
Shortlink : http://ti-pla.net/a4272668
Description
Fichier Nspire généré sur TI-Planet.org.
Compatible OS 3.0 et ultérieurs.
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L1 S&D Given Qd=1600-300p Given Qs=1400+700p Find P* and Q* Qd=Qs MC=TC/Q MC=MR Explain the differences between a change in demand and a change in quantity demanded. Change in demand shifts the D curve Change in Qd is due to a change in price Explain the factors that shift the S curve -weather (agriculture perishables), technology (increase in yields), tax/subsidies, # of sellers, input price , price expectation Shift in D curve #buyers, consumer income (tax/subsidies) -> (normal (beef)/inferior goods (potato)), price (substitute (pepsi/coke)/complementary goods (fries/ketchup), trend/fashion L2 Elasticity Calculate income elasticity of demand (use midpoint method) Midpoint method - same answer regardless of direction E=(Qab/(average of Qa&Qb)*100)/( Pab/(average of Pa&Pb)*100) Calculate cross elasticity of d E=(QB/QB *100)/( QA/QA*100) Explain factors which affect elasticity of supply Spare production Capacity, stocks of finished products, Ease & Cost of substitutions, Time period of the production process Factors affecting elasticity of D Availability of close substitutes, Necessities vs Luxuries, Time horizon, Definition of the market L3 Perfect Competition 4 characteristics of Perfect Competition; explain each briefly, draw the industry and firm diagrams Many Buyers&Sellers (price takers), Homogenous products (customers indifferent), Free Entry&Exit, Perfect info Industry: S&D Firm: AR=MR straight line, then show MC, ATC curves Given info on Price, Quantity, TC, can you calculate Profit, MR and MC? TR=Price Profit = MR-MC L4 Monopoly Draw a non natural monopoly diagram; find P*, Q* with Pm and Qm; with Pc and Qc MR=MC point, find Dcurve for price ATC=MC intersect TR=TC AR=TR/Q=P Given P,Q, TC, will you be able to calculate MR and MC? Find Q* and P* Price discrimination profit L5 Government & Economy Explain the roles of a government in an economy -Maintaining legal and social framework -Create laws, provide info and services to help the function of the economy -establish monetary system and define/enforce property rights -Maintaining competition -Create and enforce antitrust laws -regulate natural monopolies -Providing public goods and services -Provide goods&services the markets are unable/unwilling to provide (e,g army) -Redistributing income -Higher income tax rates for rich than poor, provide social security e.g medicare -Correcting for externalities ( affecting other people e.g smoking) -Stabilizing the economy -fiscal/ monetary policy -Using gov budgets/money supply to promote economic growth, control infl, reduce unemploy Compare & Contrast a Market Economy and Command Economy Free market economy : e.g US. Europe - Capitalism - Economic interests answered by individual sellers&buyers - S&D influences economy - People act out of self interest; motive from profit, driving the economy Command Economy: e.g North Korea - The Gov answers basic economic questions - Able to act quickly and provide for ppl equally but is inefficient with no incentive to work hard/be creative - Have to ask/survey people on wants/needs L6 GDP, GNP, NNP Explain 3 approaches in calculating GDP 1. Output approach = Sum of P * Q 2. Income approach = rent + wages + interest + profit 3. Expenditure approach = C+I+G+X-M a. Consumption, investment, gov purchases, export, import Explain the difference between GDP and GNP GDP- Total market value of all final G&S produced inside the boundary of a country regardless of the ownership of resources at a given time period GNP- Total market value of all final G&S produced by the resources of a country in a given time period regardless of where production took place Given info of real GDP and nominal GDP, calculate the GDP deflator GDP deflator = (Nominal GDP/ Real GDP) *100 Real GDP = nominal GDP/ GDP base deflator (base year should be 100) Base year should be NOMINAL GDP = REAL GDP Because the price index in the base year always starts with 100 Explain the difference between Gross National Product GNP and Net national Product NNP Net national product = Gross (GNP) depreciation Made with nCreator - tiplanet.org
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Compatible OS 3.0 et ultérieurs.
<<
L1 S&D Given Qd=1600-300p Given Qs=1400+700p Find P* and Q* Qd=Qs MC=TC/Q MC=MR Explain the differences between a change in demand and a change in quantity demanded. Change in demand shifts the D curve Change in Qd is due to a change in price Explain the factors that shift the S curve -weather (agriculture perishables), technology (increase in yields), tax/subsidies, # of sellers, input price , price expectation Shift in D curve #buyers, consumer income (tax/subsidies) -> (normal (beef)/inferior goods (potato)), price (substitute (pepsi/coke)/complementary goods (fries/ketchup), trend/fashion L2 Elasticity Calculate income elasticity of demand (use midpoint method) Midpoint method - same answer regardless of direction E=(Qab/(average of Qa&Qb)*100)/( Pab/(average of Pa&Pb)*100) Calculate cross elasticity of d E=(QB/QB *100)/( QA/QA*100) Explain factors which affect elasticity of supply Spare production Capacity, stocks of finished products, Ease & Cost of substitutions, Time period of the production process Factors affecting elasticity of D Availability of close substitutes, Necessities vs Luxuries, Time horizon, Definition of the market L3 Perfect Competition 4 characteristics of Perfect Competition; explain each briefly, draw the industry and firm diagrams Many Buyers&Sellers (price takers), Homogenous products (customers indifferent), Free Entry&Exit, Perfect info Industry: S&D Firm: AR=MR straight line, then show MC, ATC curves Given info on Price, Quantity, TC, can you calculate Profit, MR and MC? TR=Price Profit = MR-MC L4 Monopoly Draw a non natural monopoly diagram; find P*, Q* with Pm and Qm; with Pc and Qc MR=MC point, find Dcurve for price ATC=MC intersect TR=TC AR=TR/Q=P Given P,Q, TC, will you be able to calculate MR and MC? Find Q* and P* Price discrimination profit L5 Government & Economy Explain the roles of a government in an economy -Maintaining legal and social framework -Create laws, provide info and services to help the function of the economy -establish monetary system and define/enforce property rights -Maintaining competition -Create and enforce antitrust laws -regulate natural monopolies -Providing public goods and services -Provide goods&services the markets are unable/unwilling to provide (e,g army) -Redistributing income -Higher income tax rates for rich than poor, provide social security e.g medicare -Correcting for externalities ( affecting other people e.g smoking) -Stabilizing the economy -fiscal/ monetary policy -Using gov budgets/money supply to promote economic growth, control infl, reduce unemploy Compare & Contrast a Market Economy and Command Economy Free market economy : e.g US. Europe - Capitalism - Economic interests answered by individual sellers&buyers - S&D influences economy - People act out of self interest; motive from profit, driving the economy Command Economy: e.g North Korea - The Gov answers basic economic questions - Able to act quickly and provide for ppl equally but is inefficient with no incentive to work hard/be creative - Have to ask/survey people on wants/needs L6 GDP, GNP, NNP Explain 3 approaches in calculating GDP 1. Output approach = Sum of P * Q 2. Income approach = rent + wages + interest + profit 3. Expenditure approach = C+I+G+X-M a. Consumption, investment, gov purchases, export, import Explain the difference between GDP and GNP GDP- Total market value of all final G&S produced inside the boundary of a country regardless of the ownership of resources at a given time period GNP- Total market value of all final G&S produced by the resources of a country in a given time period regardless of where production took place Given info of real GDP and nominal GDP, calculate the GDP deflator GDP deflator = (Nominal GDP/ Real GDP) *100 Real GDP = nominal GDP/ GDP base deflator (base year should be 100) Base year should be NOMINAL GDP = REAL GDP Because the price index in the base year always starts with 100 Explain the difference between Gross National Product GNP and Net national Product NNP Net national product = Gross (GNP) depreciation Made with nCreator - tiplanet.org
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