In a free, unregulated market system, market forces establish equilibrium prices and exchange quantities. While equilibrium conditions may be efficient, it may be true that not everyone is satisfied

Every field of study has its own terminology Mathematics axioms integrals vector spaces Psychology

《西方经济学》课程参考书目：《微观经济学原理》曼昆第六版PDF电子书（学生版：不含课后习题答案版，东南大学：曹干）Principles of Microeconomics（6 th edition）N. Gregory Mankiw（Harvard University）

Economy. . . . . . The word economy comes from a Greek word for “one who manages a household

Harcourt, Inc. items and derived items copyright © 2001 by Harcourt, Inc. The Four Types of Market Structure Monopoly Oligopoly Monopolistic Competition Perfect Competition

一、在 Solow模型中考虑技术进步 二、促进增长的政策 三、增长经验主义者:比较理论与实际 四、内生增长:

The Law of Supply: uFirms are willing to produce and sell a greater quantity of a good when the price of the good is high. uThis results in a supply curve that slopes upward

“The best things in life are free. . . ” Free goods provide a special challenge for economic analysis Most goods in our economy are allocated in markets… …for these goods, prices are the signals that guide the decisions of buyers and sellers

The Market Forces of Supply and Demand Supply and demand are the two words that economists use most often. Supply and demand are the forces that make market economies work. Modern microeconomics is about supply, demand, and market equilibrium

it must also allocate the output of goods and services that they produce. It must decide who will eat caviar and who will eat potatoes. It must decide who will drive a Porsche and who will take the bus. The management of society’s resources is important because resources are scarce. Scarcity means that society has limited