Slide 1L ECTURE T WO : D EMAND Managerial Economics Lecturer: Jack Wu Slide 2 RISING GASOLINE PRICES Between September 2004 and September 2005, the monthly average retail…

Slide 1M ONEY G ROWTH AND I NFLATION ETP Economics 102 Jack Wu Slide 2 R ECALL I NFLATION Inflation is an increase in the overall level of prices. Hyperinflation is an extraordinarily…

Slide 1L ECTURE O NE : I NTRODUCTION IMBA NCCU Managerial Economics Lecturer: Jack Wu Slide 2 D EFINING M ANAGERIAL E CONOMICS Managerial economics: Science of directing…

Slide 1M EASURING A N ATION ’ S I NCOME ETP Economics 102 Lecturer: Jack Wu Slide 2 RECENT HOT MACROECONOMIC ISSUES Sovereign Bond Crisis in Europe QE policy in America…

Slide 1 R EGULATION Managerial Economics Lecturer: Jack Wu Slide 2 R EGULATION natural monopoly potentially competitive market asymmetric information externalities public…

Slide 1 M ACROECONOMIC T HEORY OF O PEN E CONOMY ETP Economics 102 Jack Wu Slide 2 K EY M ACROECONOMIC V ARIABLES The important macroeconomic variables of an open economy…

Slide 1 G AINS FROM T RADE ETP Economics 101 Lecturer: Jack Wu Slide 2 R ECALL The production possibilities frontier is a graph that shows the combinations of output that…

Slide 1Short Run Trade Off Between Inflation and Unemployment ETP Economics 102 Jack Wu Slide 2 Unemployment and Inflation The natural rate of unemployment depends on various…

Slide 1L ECTURE T WO : D EMAND AMBA NCCU Managerial Economics Lecturer: Jack Wu Slide 2 RISING GASOLINE PRICES Between September 2004 and September 2005, the monthly average…

Slide 1T HINKING L IKE AN E CONOMIST Lecturer: Jack Wu Slide 2 IS THE ECONOMIST A SCIENTIST? Economics = queen of social science (Only Nobel Prize in Economics) Economics…