about 12 years ago - No comments
1) A good web page, by http://welkerswikinomics.com: The Marshall-Lerner Condition, the J-curve, and the US trade deficit 2) A useful video via the same author’s http://www.econclassroom.com: 3) A chance for you to play around with the Marshall Lerner condition yourself: http://www.eco.rug.nl/~gigengack/ge/ML_Interactive/ML_Interactive.htm
about 14 years ago - No comments
Introductory Videos Video: Price Elasticity of Demand – part 1 by pajholden Video: Price Elasticity of Demand – part 1 by pajholden Interactive Tutorials Economics Interactive Tutorial by Samuel Baker (Univ of Carolina) Elasticity — A Quantitative Approach by Samuel Baker (Univ of Carolina) The Market System – Part 1…
about 14 years ago - No comments
These mjmfoodie videos are very useful for understanding the concepts of GDP, real GDP (as opposed to nominal/money GDP) and growth.
about 14 years ago - No comments
Some people have a lot of time on their hands, but we should sometimes be grateful for that … this song summing up the different elasticities is worth a listen (you never know, it might even help you revise this particular topic …)
about 14 years ago - 1 comment
From flickr.com. Uploaded on April 2, 2007 by SideLong Before starting to understand Price Elasticity of Supply, it is worth recapping Price Elasticity of Demand. Click on the following link: www.business2000.ie provides an interactive quiz on PED This site introduces the main concepts of Price Elasticity of Supply: Slideshow from http://www.econ.ucsb.edu This site gives a…
about 14 years ago - No comments
In this section we consider the following concepts as outlined in the IB Economics Syllabus [© International Baccalaureate Organization, 2003] : Scarcity • factors of production: land, labour, capital and management/entrepreneurship • payments to factors of production: rent, wages, interest, profit (we cover this later on in the course) Choice • utility: basic definition •…
about 14 years ago - No comments
Money can help us place a value on things, but the underlying value of things can be explained by the concept of utility. This podcast explains: Econs for the iPod – Utility We are now beginning to consider some of the fundamental assumptions which are central to the ‘science’ of Economics. We should already understand…
about 15 years ago - No comments
We first need to recap our understanding of population distribution. Visit this page: Quick Population Distribution Quiz And we also need to recap our understanding of the phrase population density: Quick population Density Quiz Thanks to http://www.geography.learnontheinternet.co.uk for both of these quizzes. By the end of this section we will have developed a table to…