Table of Contents
Managerial Economics
Course Outline:
Analyzing the Structure of a Market
Material to be covered:
Pricing
e-con.com
Foundations of Strategy
Aim of Course
Level of Course
Demand and Supply
PPT Slide
PPT Slide
The Market Mechanism
The Market Mechanism
Demand Curve -Income Rises
Demand Shifts
Supply shifts
D & S shift
The Market Mechanism
The Market Mechanism
The Market Mechanism
The Market Mechanism
The Market Mechanism
PPT Slide
PPT Slide
Consumption & Price of Copper 1880-1998
The Long-Run Behavior of Natural Resource Prices
Changes In Market Equilibrium
Changes In Market Equilibrium
Changes In Market Equilibrium
Changes In Market Equilibrium
Price elasticity of demand:
PPT Slide
Elasticity = (dQ/Q)/(dP/P) = (dQ/dP)*(P/Q) = -2*(P/Q)
Elasticity and Pricing
Relationship between demand, quantity and revenue:
PPT Slide
PED when revenue is maximum
PPT Slide
Cross price elasticity of demand:
PPT Slide
PPT Slide
Supply Elasticity
Elasticities of Supply and Demand
Elasticities of Supply and Demand
Elasticities of Supply and Demand
Changes in the Market: 1981-1998
Marginal Revenue
Relationship between demand, quantity and revenue:
PPT Slide
PED when revenue is maximum
PPT Slide
Marginal Revenue & PED
Income Elasticity of Demand:
PPT Slide
PPT Slide
PPT Slide
Short-run vs. long-run elasticities
PPT Slide
Short-Run Versus Long-Run Elasticities
Short-Run Versus Long-Run Elasticities
Short-Run Versus Long-Run Elasticities
Price of Crude Oil
PPT Slide
Upheaval in the World Oil Market
Price Elasticity Estimates
Upheaval in the World Oil Market
Upheaval in the World Oil Market
Upheaval in the World Oil Market
Impact of Saudi Production Cut
Upheaval in the World Oil Market
Upheaval in the World Oil Market
Impact of Saudi Production Cut
Uses of elasticities
Examples:
PPT Slide
The price of oil in 2020
PPT Slide
Example:
PPT Slide
Lessons on Demand and Supply
PPT Slide
AMAX Case
PPT Slide
PPT Slide
Marginal Costs
PPT Slide
|