 Long run – prices flexible – output determined by factors of production & technology – unemployment equals its natural rate  Short run – prices fixed – output determined by aggregate demand – unemployment is negatively related to output

同济大学：《经济学》课程教学资源（教案讲义）Ch12-1 Consumption and Investment

 Economy’s Income and Expenditure  Gross Domestic Product  Consumer Price Index (CPI)

• Externalities • Ways of Correcting Market Failure • Externalities and Property Rights • Common Property Resources

同济大学：《经济学》课程教学资源（教案讲义）Ch10 Overview of Macroeconomics

同济大学：《经济学》课程教学资源（教案讲义）Ch08 Market For Factors of Production

• General Equilibrium Analysis • Efficiency in Exchange • Equity and Efficiency • Efficiency in Production • On Overview--The Efficiency of Competitive Markets • Why Markets Fail

• Monopoly • Price Discrimination • Monopolistic Competition • Oligopoly

同济大学：《经济学》课程教学资源（教案讲义）Ch06-1 Analysis of Perfectly Competitive Markets

• Measuring Cost: Which Costs Matter? • Cost in the Short Run • Cost in the Long Run • Long-Run Versus Short-Run Cost Curves