PPT-Supply-Side vs. Demand Side Economics

One of the most influential economists of 20th century Believed only the government is large enough to offset changes in investment spending John Maynard Keynes the face of Demand Side A change in investment spending will have a magnified effect on total spending. . Presented by Paul . Sumade. . Lee. Chairman, International Rubber Association. . 28. May 2015, Shanghai, China. Agenda . SECTION . 1. . SECTION . 2. . SECTION 3. SECTION 4. Global Supply and Demand. Introduction to Demand. In the United States, the forces of supply and demand work together to set prices. . Demand. is the desire, willingness, and ability to buy a good or service.. one individual consumer OR. Chapter 3,4. Volatile oil prices . St. Louis Fed FRED database. . Prices and Production 1976-2013. BP Statistical Review of World Energy. . Laws of Supply and Demand. Supply and Demand Framework. A description of a market includes the quantity of goods that are sold in that market, . AP Economics. Ms. . LaRosa. What would you be willing to buy?. How many bags of your favorite candy would you be willing to buy at each of the following prices over one-week?. $1. $2.50. $5. What is Demand?. Supply. Supply of the three experiences comes from the inventory of public facilities.. In this area we have facilities from two parks and an elementary school.. Each facility type is given a value in the following three categories:. The Basic Decision-Making Units. A . firm. is an organization that transforms resources (inputs) into products (outputs). Firms are the primary producing units in a market economy.. An . entrepreneur. Today:. Aggregate demand. Why is it downward sloping?. Factors that affect the aggregate demand. Aggregate supply. Long-run aggregate supply. Short-run aggregate supply. Why is it upward sloping?. Factors that affect the short-run aggregate supply. 1. 4 Demand, Supply, and Equilibrium. 4.1 Markets. 4.2 How Do Buyers Behave?. 4.3 How Do Sellers Behave?. 4.4 Supply and Demand in Equilibrium. 4.5 What Would Happen if the Government Tried to Dictate the Price of Gasoline. Let's Take A Look At The . Five Demand Shifters. ["TIMER"]. Concentration on these slides is guarantied . to improve your economics grade.. Warning. . D. 1. D. 2. P. QD. 1. QD. 2. 1."Change in Taste". 5.2 How Do Demand and Price Interact?. Demand. . is what people are willing and able to buy at various prices.. • Quantity demanded is a specific amount an individual is willing and able to . buy at . The quantity of a specific product that a buyer is . able. . and . willing. to buy at a certain price. Usually at a particular . time. and . place. Remember those . time and place utilities . that add value to a product??. Reasons for Changes in Demand. Assume that Demand Curve B represents the baseline (original) annual consumption of U.S.-made cars.. For each of the following scenarios, decide: . Will this event cause a shift in the demand curve?. (1970’s). Amanda Rose. Mr. Gill. Economics. 19 March 2013. Economics Theory Project. HISTORICAL CONTENT. . Supply Side Economics first came about in the 1970’s (70-72) as the ideas of Arthur B. Laffer. Laffer believed that lower tax rates would result in economic growth, providing the government with more, not less, income, in the long run. Supplying more goods will stimulate economic growth, and lowering taxes will help produce the desired affects.. Demand and Supply. Teacher: Mr Moosajee. Twitter: @BusEconYMO_HGS (The Mr Moosajee). Why study Economics?. If you ever wonder:. How are the world’s scarce resources allocated, and why?. What factors determine prices and why do they always seem to...