国家开放大学：2007—2008学年第二学期“开放专科”农村经济管理专业财政与金融（农）期末试题（7月）

Importance of Supply-Demand Analysis A little knowledge goes a long way: Price Control, Taxation and other policies. Market welfare: Normative Analysis International Trade Externality (Market Failure) Market Power (Market Failure) Other markets: Financial Market, Labor Market. Macroeconomics

Elasticity… … is a measure of how much buyers and sellers respond to changes in market conditions … allows us to analyze supply and demand with greater precision

国家开放大学：2007—2008学年第一学期“开放本科”金融学专业中央银行理论与实务期末试题（1月）

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

Interdependence and Trade Consider your typical day: – You wake up to a alarm clock made in Wenzhou – You put on some clothes made of cotton grown in Xinjiang and sewn in factories in Fujian Province

Outline The Economist as Scientist The Economist as Policy Adviser Why Economists disagree

国家开放大学：2006—2007学年第二学期“开放专科”金融专业商业银行经营管理期末试题（7月）

国家开放大学：2006—2007学年第二学期“开放专科”农村经济管理专业财政与金融期末试题（7月）

A firm, using two inputs K and L to produce one product, whose production function is 2 / 5 3/ 5 Q = 25L K