III. Market Equilibrium IV. Price Restrictions V. Comparative Statics II. Market Supply Curve

Contents Inter-temporal preferences Two periods Several periods · Asset market CAPM -APT Complete market Pure arbitrage

Introduction The objective of this chapter is to study how employment is determined in the labor market We are considering the labor market in which the following relation should always hold:

Chapter Organization Introduction Exchange Rates and International Transactions The Foreign Exchange Market The Demand for Foreign Currency Assets Equilibrium in the Foreign Exchange Market Interest Rates, Expectations, and Equilibrium Summary

6-1: Openness in Goods Market 6-2: Openness in Financial Market 6-3: Conclusions and a Look ahead

I. Company overview and main business activities II. International mobile phone market and smart phone industry III. Samsung brand development and positioning internationally IV. Mobile phone market in China V. Samsung in China VI. Samsung marketing and branding strategies in China VII. Samsung’s competitors in the Chinese market VIII. SWOT Analysis IX. Conclusion and Suggestions

• Inter-temporal preferences – Two periods – Several periods • Asset market – CAPM – APT – Complete market – Pure arbitrage

Market power-the ability of a firm to profitably raise prices above marginal cost. Sources of market power: maintenance of market power requires barriers that prohibit or restrict entry of new firms

Market power-the ability of a firm to profitably raise prices above marginal cost. Sources of market power: maintenance of market power requires barriers that prohibit or restrict entry of new firms

5-1.The Goods Market and the IS Relation 5-2: Financial Market and the LM Relation 5-3: The iS-LM- Model: Exercise 5-4: Using a Policy Mix 5-5: Adding Dynamics 5-6: Does the IS-LM Model Actually Capture What Happens in the Economy?