commissioner.org
Agenda - M Sept.23 - Equilibrium Price
Source D. Ohmans Date 02/09/23/10:44
The Market
1) the Diamond-Water Paradox: value and price
2) Equilibrium: stability and efficiency
3) Grid 7: the auction model vs. free-market capitalism
4) Circular Flow: goods, labor, capital
5) Limitations I: assumptions, inequality and purposes
6) Limitations II: monopoly, externalities and public goods
7) Limitations III: inelastic supply, labor as disutility, wealth and income
8) Java applets website[View the list]
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