武汉大学MBA管理经济学PPT第三章.pptVIP

;Health Care Cigarettes;Demand Analysis;Demand Curves;The Market Demand Curve is the horizontal sum of the individual demand curves. The Demand Function includes all variables that influence the quantity demanded;Supply Curves; The Market Supply Curve is the horizontal sum of the firm supply curves. The Supply Function includes all variables that influence the quantity supplied;Equilibrium: No Tendency to Change;Downward Slope;Comparative Statics and the Supply-Demand Model;Elasticity as Sensitivity;Price Elasticity;Arc Price Elasticity Example;Point Price Elasticity Example;Price Elasticity (both point price and arc elasticity );TR and Price Elasticities ;Another Way to Remember;1979 Deregulation of Airfares;Determinants of the Price Elasticity;Income Elasticity;Definitions;Point Income Elasticity Problem;Cross Price Elasticities;HOMEWORK PROBLEM: Find the point price elasticity, the point income elasticity, and the point cross-price elasticity at P=10, I=20, and Ps=9, if the demand function were estimated to be: Qd = 90 - 8·P + 2·I + 2·Ps. Is the demand for this product elastic or inelastic? Is it a luxury or a necessity? Does this product have a close substitute or complement? Find the point elasticities of demand.;Indifference Curve AnalysisAppendix 3A; Consumer Choice - assume consumers can rank preferences, that more is better than less (nonsatiation), that preferences are transitive, and that individuals have diminishing marginal rates of substitution. Then indifference curves slope down, never intersect, and are convex to the origin.;X;Consumer Choice Lagrangians;Optimal Consumption Point;Problem