Slide 1Markets and efficiency Today: Why controlling the market is often bad for efficiency Slide 2 Rent control in Isla Vista Who thinks it is a good idea? Why? Who thinks…
Slide 1Lesson 1 ECONOMICS Chapter 4 The Market Strikes Back Slide 2 1 ECONOMICS Chapter 4 1 Review: Supply and Demand The previous lesson focused on demand and supply, we…
Slide 1Welcome to The Economics of Sports! Slide 2 Slide 3 Why study sports economics? Slide 4 Comparing spectator sports: other industries Gross Output by Industry (millions…
Slide 1Session 4 Supply and Demand Disclaimer: The views expressed are those of the presenters and do not necessarily reflect those of the Federal Reserve Bank of Dallas…
Slide 1 At price P 3 quantity demanded equals quantity supplied-- Increase Demand With Supply Constant, Equilibrium Price and Quantity Both Increase. S D2D2 E1E1 E2E2 D1D1…
Slide 1 SUPPLY, DEMAND, AND GOVERNMENT POLICIES Slide 2 Overview Economists have two roles: 1.As scientists, they develop and test theories to explain the world around them.…
Slide 1 CHAPTER 4 The Market Strikes Back 1 2 What you will learn in this chapter: Why does the government intervene in markets? What are the common tools of government intervention?…