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APPRECIATION: A more or less permanent increase in value or price. "More or less permanent" doesn't include temporary, short-term jumps in price that are common in many markets. Appreciation is only those price increases that reflect greater consumer satisfaction and thus value. While all sorts of stuff can appreciate in value, some of the more common ones are real estate, works of art, corporate stock, and money. In particular, the appreciation of a nation's money is seen by an increase in the exchange rate caused by a growing, expanding, and healthy economy.
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Lesson Contents
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Unit 1: Intro |
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Unit 2: Revenue And Cost |
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Unit 3: Output |
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Unit 4: Analysis |
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Unit 5: Evaluation | |
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Monopolistic Competition
- The first unit of this lesson, A Bunch Of Firms, begins this lesson with a look at the nature of monopolistic competition and how it is related to other market structures.
- In the second unit, Revenue And Cost, we review the revenue side and the cost side the production decision for a monopolistically competitive firm.
- The third unit, The Output Level, then looks at the profit-maximizing output production decision by a firm in monopolistic competition.
- In the fourth unit, Doing Some Analysis, we examine a few of the implications of market characterized by monopolistic competition.
- The fifth and final unit, Good Or Bad?, then closes this lesson by considering the good and the bad of monopolistic competition.
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AGGREGATE DEMAND AND MARKET DEMAND The aggregate demand curve, or AD curve, has similarities to, but differences from, the standard market demand curve. Both are negatively sloped. Both relate price and quantity. However, the market demand curve is negatively sloped because of the income and substitution effects and the aggregate demand curve is negatively sloped because of the real-balance, interest-rate, and net-export effects.
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GREEN LOGIGUIN
[What's This?]
Today, you are likely to spend a great deal of time searching for rummage sales wanting to buy either a coffee table shaped like the state of Florida or storage boxes for your summer clothes. Be on the lookout for mail order catalogs with hidden messages.
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This isn't me! What am I?
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Two and a half gallons of oil are needed to produce one automobile tire.
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"The past is a foreign country; they do things differently there." -- Leslie Poles Hartley, Writer
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ADR
American Depositary Receipt, Asset Depreciation Range
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