Where Are We in the Course? We are studying the 1st of the three blocks of microeconomics: Consumer behavior, production theory, and market equilibrium Within the 1st block, we are working on the 2nd of the three components: choice set, preference, and consumer demand

Market Equilibrium A market is in equilibrium when total quantity demanded by buyers equals total quantity supplied by sellers

Monetary Measures of Gains-to￾Trade You can buy as much rice as you wish at RMB1 per kilogram once you enter the gasoline market. Q: What is the most you would pay to enter the market?

What Are We Doing in this Chapter? We apply our basic framework of consumer choice to study issues of choices across different time periods; Again, in terms of theoretical framework, not much is new!

吉林大学：《宏观经济学》课程j电子教案（PPT课件）宏观总复习

吉林大学：《宏观经济学》课程j电子教案（PPT课件）第五章 通货膨胀理论

The Purpose of this Chapter To begin to understand the art of building an economic model To begin to understand three basic elements of modeling in economics: –Purpose –Simplification through assumptions –Value judgment

吉林大学：《宏观经济学》课程j电子教案（PPT课件）第四章 货币市场的均衡

吉林大学：《宏观经济学》课程j电子教案（PPT课件）古典宏观经济模型

吉林大学：《宏观经济学》课程j电子教案（PPT课件）第二章 国民收入核算