SUPPLY & DEMAND: Five Models

Page 1

SUPPLY & DEMAND 1.0 1.1 1.2 1.3 1.4 1.5

PATTERN-SEEKING, STORYTELLING PATTERN-SEEKING STORYTELLING PICTURES, WORDS & NUMBERS MATH AS A LANGUAGE FUNCTIONS

2.0

RETURNS TO SCALE

3.0 3.1 3.2 3.3

SUPPLY & DEMAND BASICS DEMAND CURVES SUPPLY CURVES KINKED CURVES

4.0

VARIANTS OF SUPPLY & DEMAND

5.0 5.1 5.2

AUCTIONEER MODEL THE MODEL APPLIED PROBLEMS

6.0 6.1 6.2

THE ROCKING-HORSE MODEL THE MODEL APPLIED PROBLEMS

7.0 THE DISCO MODEL & SEARCH EQUILIBRIUM 7.1.1 THE MODEL APPLIED I: LABOR MARKETS 7.1.2 THE MODEL APPLIED II: COLLEGE SEARCH 7.1.3 THE MODEL APPLIED III: HEALTH INSURANCE 7.1.4 THE MODEL APPLIED IV: PREDATOR-PREY 7.2 PROBLEMS

8.0 8.1 8.2

THE CORRIDOR MODEL PRICES & PHYSICS THE MODEL APPLIED

9.0 9.1 9.2.1 9.2.2 9.3

THE COBWEB MODEL ELASTICITY INELASTIC SUPPLY & DEMAND ELASTIC SUPPLY & DEMAND GIFFEN GOODS & CONSPICUOUS CONSUMPTION

10.0

AREAS


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