SlideShare une entreprise Scribd logo
1  sur  91
Télécharger pour lire hors ligne
Markets, Prices, Supply
& Demand 1
EC4004 Lecture 17
Dr S. Kinsella
National Income Accounting
     Y=C+I+G+X-M
National Income Accounting
     Y=C+I+G+X-M



           Solow
  k* = k*[ s, A, n, δ, L(0) ]
          (+) (+) (−) (−)(0)
National Income Accounting
     Y=C+I+G+X-M



           Solow
  k* = k*[ s, A, n, δ, L(0) ]
          (+) (+) (−) (−)(0)




       Barro Model
The Macroeconomy
is the sum of Supply
   and Demand in
 Individual Markets
Today
1. Recap
2. Equilibrium in the Markets
  1. Goods
  2. Rental
  3. Bonds
  4. Money
3. Consumption, Saving, and Investment
Household Behaviour
Markets
in
the
Macroeconomy




                         7
Markets
in
the
Macroeconomy
Assuming
that
households
perform
all
of
the

func7ons
in
the
economy.





                                         7
Markets
in
the
Macroeconomy
Assuming
that
households
perform
all
of
the

func7ons
in
the
economy.

Each
household
runs
a
family
business
and
uses

labour,
L,
and
capital,
K,
to
produce
goods,
Y,

through
the
produc7on
func7on.




                                          7
Markets
in
the
Macroeconomy
Assuming
that
households
perform
all
of
the

func7ons
in
the
economy.

Each
household
runs
a
family
business
and
uses

labour,
L,
and
capital,
K,
to
produce
goods,
Y,

through
the
produc7on
func7on.




                                          7
Markets
in
the
Macroeconomy
Assuming
that
households
perform
all
of
the

func7ons
in
the
economy.

Each
household
runs
a
family
business
and
uses

labour,
L,
and
capital,
K,
to
produce
goods,
Y,

through
the
produc7on
func7on.

               Y=
A· F(
K,
L)


                                          7
Markets
in
the
Macroeconomy




                         8
Markets
in
the
Macroeconomy
The
Goods
Market




                           8
Markets
in
the
Macroeconomy
The
Goods
Market
Households
sell
all
the
goods
they
produce
on
a
goods
market.
Then
households
buy
back
from
this
market
the

goods
that
they
want.





                                              8
Markets
in
the
Macroeconomy
The
Goods
Market
Households
sell
all
the
goods
they
produce
on
a
goods
market.
Then
households
buy
back
from
this
market
the

goods
that
they
want.

Household
buys
goods
for





                                              8
Markets
in
the
Macroeconomy
The
Goods
Market
Households
sell
all
the
goods
they
produce
on
a
goods
market.
Then
households
buy
back
from
this
market
the

goods
that
they
want.

Household
buys
goods
for

   • consumption.





                                              8
Markets
in
the
Macroeconomy
The
Goods
Market
Households
sell
all
the
goods
they
produce
on
a
goods
market.
Then
households
buy
back
from
this
market
the

goods
that
they
want.

Household
buys
goods
for

     • consumption.

to
increase
the
stock
of
goods
in
the
form
of
capital
used
for

produc7on,
called
investment.



                                                          8
Consumption
Markets
in
the
Macroeconomy




                         10
Markets
in
the
Macroeconomy
Labour
Market




                            10
Markets
in
the
Macroeconomy
Labour
Market
Households
supply
labour
on
a
labour market.





                                        10
Markets
in
the
Macroeconomy
Labour
Market
Households
supply
labour
on
a
labour market.

Assume
quan7ty
supplied,
Ls,
is
a
constant,
L.




                                                 10
Markets
in
the
Macroeconomy




                         11
Markets
in
the
Macroeconomy
The
Rental
Market




                             11
Markets
in
the
Macroeconomy
The
Rental
Market
Each
household
rents
out
all
of
the
capital
it
owns
on
a

rental market.




                                                      11
Markets
in
the
Macroeconomy
The
Rental
Market
Each
household
rents
out
all
of
the
capital
it
owns
on
a

rental market.
Capital
offered
on
the
rental
market
is
the
supply
of

capital
services,
Ks.





                                                      11
Markets
in
the
Macroeconomy
The
Rental
Market
Each
household
rents
out
all
of
the
capital
it
owns
on
a

rental market.
Capital
offered
on
the
rental
market
is
the
supply
of

capital
services,
Ks.

Assume
have
Ks =
K.




                                                      11
Markets
in
the
Macroeconomy




                         12
Markets
in
the
Macroeconomy
The
Bond
Market




                              12
Markets
in
the
Macroeconomy
The
Bond
Market
A
borrowing
household
receives
a
loan
from
another

household.
A
lending
household
provides
a
loan
to
another

household.




                                                         12
Markets
in
the
Macroeconomy
The
Bond
Market
A
borrowing
household
receives
a
loan
from
another

household.
A
lending
household
provides
a
loan
to
another

household.
A
household
making
loan
gets
a
piece
of
paper
called
a
bond.




                                                         12
Markets
in
the
Macroeconomy
The
Bond
Market
A
borrowing
household
receives
a
loan
from
another

household.
A
lending
household
provides
a
loan
to
another

household.
A
household
making
loan
gets
a
piece
of
paper
called
a
bond.
Call
the
market
on
which
households
borrow
or
lend
the
bond
market.




                                                        12
Markets
in
the
Macroeconomy
The
Bond
Market
A
borrowing
household
receives
a
loan
from
another

household.
A
lending
household
provides
a
loan
to
another

household.
A
household
making
loan
gets
a
piece
of
paper
called
a
bond.
Call
the
market
on
which
households
borrow
or
lend
the
bond
market.




                                                        12
Markets
in
the
Macroeconomy
The
Bond
Market
A
borrowing
household
receives
a
loan
from
another

household.
A
lending
household
provides
a
loan
to
another

household.
A
household
making
loan
gets
a
piece
of
paper
called
a
bond.
Call
the
market
on
which
households
borrow
or
lend
the
bond
market.

The
holder
of
a
bond,
the
lender,
has
a
claim
to
the
amount

owed
by
the
borrower.

                                                          12
Money
as
a
Medium
of
Exchange




                           13
Money
as
a
Medium
of
Exchange
Assume
exchanges
in
markets
use
a
single

medium of exchange.




                                            13
Money
as
a
Medium
of
Exchange
Assume
exchanges
in
markets
use
a
single

medium of exchange.
                   MONEY




                                            13
Money
as
a
Medium
of
Exchange
Assume
exchanges
in
markets
use
a
single

medium of exchange.
                   MONEY




                                            13
Markets
in
the
Macroeconomy




                         14
Markets
in
the
Macroeconomy
Sum
of
individual
holdings
of
money
equals
the

aggregate
quan7ty
of
money
in
the
economy.





                                         14
Markets
in
the
Macroeconomy
Sum
of
individual
holdings
of
money
equals
the

aggregate
quan7ty
of
money
in
the
economy.





                                         14
Markets
in
the
Macroeconomy
Sum
of
individual
holdings
of
money
equals
the

aggregate
quan7ty
of
money
in
the
economy.


The
total
money
held
by
all
households
must
end
up

equaling
this
constant.




                                               14
Markets
and
Prices




                     15
Markets
and
Prices
The
Goods
Market




                                15
Markets
and
Prices
The
Goods
Market
The
price
in
this
market,
denoted
by
P,
expresses
the

number
of
euros
that
exchange
for
one
unit
of
goods.
We

call
P the
price level.




                                                  15
Markets
and
Prices




                     16
Markets
and
Prices
The
Goods
Market




                              16
Markets
and
Prices
The
Goods
Market
–Y=
A· F(
K,
L)




                                16
Markets
and
Prices
The
Goods
Market
 –Y=
A· F(
K,
L)
Since
all
of
these
goods
are
sold
on
the
goods
market,
the

variable
Y will
also
represent
the




                                                        16
Markets
and
Prices
The
Goods
Market
 –Y=
A· F(
K,
L)
Since
all
of
these
goods
are
sold
on
the
goods
market,
the

variable
Y will
also
represent
the
Quan7ty
of
goods
per
year
sold
and
bought
on
the
goods

market.





                                                        16
Markets
and
Prices
The
Goods
Market
 –Y=
A· F(
K,
L)
Since
all
of
these
goods
are
sold
on
the
goods
market,
the

variable
Y will
also
represent
the
Quan7ty
of
goods
per
year
sold
and
bought
on
the
goods

market.

The
quan7ty
PY is
the
euro
value
per
year
of
the
goods
bought

and
sold
on
the
goods
market.



                                                      16
Markets
and
Prices




                     17
Markets
and
Prices
The
Goods
Market




                              17
Markets
and
Prices
The
Goods
Market
For
sellers
of
goods,
the
price
level,
P,
is
the
number
of

euros
obtained
for
each
unit
of
goods
sold.





                                                    17
Markets
and
Prices
The
Goods
Market
For
sellers
of
goods,
the
price
level,
P,
is
the
number
of

euros
obtained
for
each
unit
of
goods
sold.

For
buyers,
P is
the
number
of
euros
paid
per
unit
of

goods.





                                                    17
Markets
and
Prices
The
Goods
Market
For
sellers
of
goods,
the
price
level,
P,
is
the
number
of

euros
obtained
for
each
unit
of
goods
sold.

For
buyers,
P is
the
number
of
euros
paid
per
unit
of

goods.

Since
P euros
buy
1
unit
of
goods,
€1
buys
1/P units
of

goods.




                                                    17
Markets
and
Prices




                     18
Markets
and
Prices
The
Goods
Market




                              18
Markets
and
Prices
The
Goods
Market
The
expression
1/P is
the
value
of
€1
in
terms
of
the

goods
that
it
buys.




                                                   18
Markets
and
Prices
The
Goods
Market
The
expression
1/P is
the
value
of
€1
in
terms
of
the

goods
that
it
buys.
 –M euros
exchange
for





                                                   18
Markets
and
Prices
The
Goods
Market
The
expression
1/P is
the
value
of
€1
in
terms
of
the

goods
that
it
buys.
 –M euros
exchange
for

  













(
M)
· (
1/
P)
=
M/
P




                                                   18
Markets
and
Prices
The
Goods
Market
The
expression
1/P is
the
value
of
€1
in
terms
of
the

goods
that
it
buys.
 –M euros
exchange
for

  













(
M)
· (
1/
P)
=
M/
P
An
expression
like
M/P is
in
real terms,
in
units
of

goods,
whereas
a
quan7ty
like
M is
in
euro
or
nominal

terms.


                                                 18
Markets
and
Prices




                     19
Markets
and
Prices
The
Labour
Market




                              19
Markets
and
Prices
The
Labour
Market
Households
buy
and
sell
labour
in
the
labour
market
at

the
euro
or
nominal wage rate,
w.




                                                 19
Markets
and
Prices
The
Labour
Market
Households
buy
and
sell
labour
in
the
labour
market
at

the
euro
or
nominal wage rate,
w.
The
real wage rate is
w/P.




                                                 19
Markets
and
Prices




                     20
Markets
and
Prices
The
Rental
Market




                              20
Markets
and
Prices
The
Rental
Market
Households
rent
out
capital,
K,
for
euros
at
the
euro
or

nominal rental price,
R




                                                  20
Markets
and
Prices
The
Rental
Market
Households
rent
out
capital,
K,
for
euros
at
the
euro
or

nominal rental price,
R
A
household
that
rents
the
amount
of
capital
Kd pays
the

nominal
amount
RKd per
year
and
then
gets
to
use
the
capital

as
an
input
to
produc7on.




                                                      20
Markets
and
Prices
The
Rental
Market
Households
rent
out
capital,
K,
for
euros
at
the
euro
or

nominal rental price,
R
A
household
that
rents
the
amount
of
capital
Kd pays
the

nominal
amount
RKd per
year
and
then
gets
to
use
the
capital

as
an
input
to
produc7on.
The
real rental price is
R/P.




                                                      20
Markets
and
Prices




                     21
Markets
and
Prices
The
Labour
Market




                              21
Markets
and
Prices
The
Labour
Market
Households
buy
and
sell
labour
in
the
labour
market
at

the
euro
or
nominal wage rate,
w.




                                                 21
Markets
and
Prices
The
Labour
Market
Households
buy
and
sell
labour
in
the
labour
market
at

the
euro
or
nominal wage rate,
w.
The
real wage rate is
w/P.




                                                 21
Markets
and
Prices




                     22
Markets
and
Prices
The
Bond
Market




                              22
Markets
and
Prices
The
Bond
Market
Each
unit
of
bonds
commits
the
borrower
to
repay
€1
to

the
holder
of
the
bond.
This
€1
is
the
principal of
each

bond.





                                                 22
Markets
and
Prices
The
Bond
Market
Each
unit
of
bonds
commits
the
borrower
to
repay
€1
to

the
holder
of
the
bond.
This
€1
is
the
principal of
each

bond.

The
principal
is
the
ini7al
amount
advanced
on
a
loan.




                                                 22
Markets
and
Prices
The
Bond
Market
Each
unit
of
bonds
commits
the
borrower
to
repay
€1
to

the
holder
of
the
bond.
This
€1
is
the
principal of
each

bond.

The
principal
is
the
ini7al
amount
advanced
on
a
loan.
All
bonds
have
very
short
maturity,




                                                 22
Markets
and
Prices




                     23
Markets
and
Prices
The
Bond
Market




                              23
Markets
and
Prices
The
Bond
Market
Each
unit
of
bonds
commits
the
borrower
to
pay
the

holder
a
flow
of
interest
payments
of
€i per
year.





                                               23
Markets
and
Prices
The
Bond
Market
Each
unit
of
bonds
commits
the
borrower
to
pay
the

holder
a
flow
of
interest
payments
of
€i per
year.

The
variable
i is the interest rate,
which
is
the
ra7o
of

the
interest
payment,
€i,
to
the
principal
€1.





                                                  23
Markets
and
Prices
The
Bond
Market
Each
unit
of
bonds
commits
the
borrower
to
pay
the

holder
a
flow
of
interest
payments
of
€i per
year.

The
variable
i is the interest rate,
which
is
the
ra7o
of

the
interest
payment,
€i,
to
the
principal
€1.

The
interest
rate,
i,
can
vary
over
7me.




                                                  23
Next
Time
Next
Time
Construc7ng
the
Budget
Constraint
Next
Time
Construc7ng
the
Budget
Constraint
Inter‐temporal
Consump7on

Contenu connexe

Similaire à Ec4004 Lecture17

Sometrics Engage Expo
Sometrics Engage ExpoSometrics Engage Expo
Sometrics Engage ExpoIan Swanson
 
Brand Marketing To The Soccer Consumer
Brand Marketing To The Soccer ConsumerBrand Marketing To The Soccer Consumer
Brand Marketing To The Soccer Consumergesoccerm
 
Sports Social Media and Marketing - Running Conference Melb 090417
Sports Social Media and Marketing - Running Conference Melb 090417Sports Social Media and Marketing - Running Conference Melb 090417
Sports Social Media and Marketing - Running Conference Melb 090417Nick Gonios
 
Monetary Meltdown Madness
Monetary Meltdown MadnessMonetary Meltdown Madness
Monetary Meltdown Madnessrob.gray
 
Mm Channel Mvno Me Conference Final
Mm Channel Mvno Me Conference FinalMm Channel Mvno Me Conference Final
Mm Channel Mvno Me Conference Finalcris_alonso74
 
Housing Microfinance
Housing MicrofinanceHousing Microfinance
Housing MicrofinanceMABSIV
 
Power Forex Profit Principle
Power Forex Profit PrinciplePower Forex Profit Principle
Power Forex Profit PrincipleEveryDayFX
 
GB Brazilian Business Presentation
GB Brazilian Business PresentationGB Brazilian Business Presentation
GB Brazilian Business PresentationGeraldo Barbosa
 
functions and roles of the financial system in the global economy is internat...
functions and roles of the financial system in the global economy is internat...functions and roles of the financial system in the global economy is internat...
functions and roles of the financial system in the global economy is internat...MengsongNguon
 
Food Mfg Co. Case Study V2.21.Ppt
Food Mfg  Co. Case Study V2.21.PptFood Mfg  Co. Case Study V2.21.Ppt
Food Mfg Co. Case Study V2.21.PptCharles Broming
 
Economics Final Exam Review
Economics Final Exam ReviewEconomics Final Exam Review
Economics Final Exam ReviewAMANDA Dicks
 
Cha8 Production
Cha8 ProductionCha8 Production
Cha8 ProductionDean Louie
 
The Global Crisis and Microfinance: A Rural Bank’s Perspective
The Global Crisis and Microfinance: A Rural Bank’s PerspectiveThe Global Crisis and Microfinance: A Rural Bank’s Perspective
The Global Crisis and Microfinance: A Rural Bank’s PerspectiveMABSIV
 
Overview of Edward Elgar Publishing
Overview of Edward Elgar PublishingOverview of Edward Elgar Publishing
Overview of Edward Elgar Publishingguestbe8bb3e
 
SEM Strategy For Advertising Agencies
SEM Strategy For Advertising AgenciesSEM Strategy For Advertising Agencies
SEM Strategy For Advertising AgenciesElena Ibáñez
 
Ormita Corporate Profile
Ormita Corporate ProfileOrmita Corporate Profile
Ormita Corporate ProfileSelina Markham
 
Investment Prospectus Eternal Unltd Final (09 21 08)
Investment Prospectus   Eternal Unltd Final (09 21 08)Investment Prospectus   Eternal Unltd Final (09 21 08)
Investment Prospectus Eternal Unltd Final (09 21 08)Sean Taylor
 

Similaire à Ec4004 Lecture17 (20)

Sometrics Engage Expo
Sometrics Engage ExpoSometrics Engage Expo
Sometrics Engage Expo
 
Brand Marketing To The Soccer Consumer
Brand Marketing To The Soccer ConsumerBrand Marketing To The Soccer Consumer
Brand Marketing To The Soccer Consumer
 
Sports Social Media and Marketing - Running Conference Melb 090417
Sports Social Media and Marketing - Running Conference Melb 090417Sports Social Media and Marketing - Running Conference Melb 090417
Sports Social Media and Marketing - Running Conference Melb 090417
 
Monetary Meltdown Madness
Monetary Meltdown MadnessMonetary Meltdown Madness
Monetary Meltdown Madness
 
Mm Channel Mvno Me Conference Final
Mm Channel Mvno Me Conference FinalMm Channel Mvno Me Conference Final
Mm Channel Mvno Me Conference Final
 
Housing Microfinance
Housing MicrofinanceHousing Microfinance
Housing Microfinance
 
Mm Work 09
Mm Work 09Mm Work 09
Mm Work 09
 
Power Forex Profit Principle
Power Forex Profit PrinciplePower Forex Profit Principle
Power Forex Profit Principle
 
GB Brazilian Business Presentation
GB Brazilian Business PresentationGB Brazilian Business Presentation
GB Brazilian Business Presentation
 
functions and roles of the financial system in the global economy is internat...
functions and roles of the financial system in the global economy is internat...functions and roles of the financial system in the global economy is internat...
functions and roles of the financial system in the global economy is internat...
 
Food Mfg Co. Case Study V2.21.Ppt
Food Mfg  Co. Case Study V2.21.PptFood Mfg  Co. Case Study V2.21.Ppt
Food Mfg Co. Case Study V2.21.Ppt
 
Economics Final Exam Review
Economics Final Exam ReviewEconomics Final Exam Review
Economics Final Exam Review
 
Cha8 Production
Cha8 ProductionCha8 Production
Cha8 Production
 
Making Money In Commodities
Making Money In CommoditiesMaking Money In Commodities
Making Money In Commodities
 
The Global Crisis and Microfinance: A Rural Bank’s Perspective
The Global Crisis and Microfinance: A Rural Bank’s PerspectiveThe Global Crisis and Microfinance: A Rural Bank’s Perspective
The Global Crisis and Microfinance: A Rural Bank’s Perspective
 
Overview of Edward Elgar Publishing
Overview of Edward Elgar PublishingOverview of Edward Elgar Publishing
Overview of Edward Elgar Publishing
 
SEM Strategy For Advertising Agencies
SEM Strategy For Advertising AgenciesSEM Strategy For Advertising Agencies
SEM Strategy For Advertising Agencies
 
The circular flow_of_economic_activity
The circular flow_of_economic_activityThe circular flow_of_economic_activity
The circular flow_of_economic_activity
 
Ormita Corporate Profile
Ormita Corporate ProfileOrmita Corporate Profile
Ormita Corporate Profile
 
Investment Prospectus Eternal Unltd Final (09 21 08)
Investment Prospectus   Eternal Unltd Final (09 21 08)Investment Prospectus   Eternal Unltd Final (09 21 08)
Investment Prospectus Eternal Unltd Final (09 21 08)
 

Plus de Stephen Kinsella

Stock Flow Consistent Models and Agent Based Models
Stock Flow Consistent Models and Agent Based ModelsStock Flow Consistent Models and Agent Based Models
Stock Flow Consistent Models and Agent Based ModelsStephen Kinsella
 
Stock flow modelling and agent based modelling
Stock flow modelling and agent based modellingStock flow modelling and agent based modelling
Stock flow modelling and agent based modellingStephen Kinsella
 
Modeling Aggregation and Interlinkages
Modeling Aggregation and InterlinkagesModeling Aggregation and Interlinkages
Modeling Aggregation and InterlinkagesStephen Kinsella
 
Irish Times Innovation Roadshow Talk
Irish Times Innovation Roadshow TalkIrish Times Innovation Roadshow Talk
Irish Times Innovation Roadshow TalkStephen Kinsella
 
Regulation a European Perspective
Regulation a European PerspectiveRegulation a European Perspective
Regulation a European PerspectiveStephen Kinsella
 
Is Ireland the Role Model for Austerity?
Is Ireland the Role Model for Austerity?Is Ireland the Role Model for Austerity?
Is Ireland the Role Model for Austerity?Stephen Kinsella
 
Visualising Consitutional reform
Visualising Consitutional reformVisualising Consitutional reform
Visualising Consitutional reformStephen Kinsella
 
International Economics Guest Lecture
International Economics Guest LectureInternational Economics Guest Lecture
International Economics Guest LectureStephen Kinsella
 
Designing a Strategy for Economic Recovery
Designing a Strategy for Economic RecoveryDesigning a Strategy for Economic Recovery
Designing a Strategy for Economic RecoveryStephen Kinsella
 
Designing a Strategy for Economic Recovery
Designing a Strategy for Economic RecoveryDesigning a Strategy for Economic Recovery
Designing a Strategy for Economic RecoveryStephen Kinsella
 
EC4004 Economics for Business Lecture 2
EC4004 Economics for Business Lecture 2EC4004 Economics for Business Lecture 2
EC4004 Economics for Business Lecture 2Stephen Kinsella
 
US & EU Linkages: How did they contribute to the crisis?
US & EU Linkages: How did they contribute to the crisis?US & EU Linkages: How did they contribute to the crisis?
US & EU Linkages: How did they contribute to the crisis?Stephen Kinsella
 
Social Media as a Bridge between Teaching and Research
Social Media as a Bridge between Teaching and ResearchSocial Media as a Bridge between Teaching and Research
Social Media as a Bridge between Teaching and ResearchStephen Kinsella
 
A Matching Model with Friction and Multiple Criteria
A Matching Model with Friction and Multiple CriteriaA Matching Model with Friction and Multiple Criteria
A Matching Model with Friction and Multiple CriteriaStephen Kinsella
 

Plus de Stephen Kinsella (20)

Stock Flow Consistent Models and Agent Based Models
Stock Flow Consistent Models and Agent Based ModelsStock Flow Consistent Models and Agent Based Models
Stock Flow Consistent Models and Agent Based Models
 
Stock flow modelling and agent based modelling
Stock flow modelling and agent based modellingStock flow modelling and agent based modelling
Stock flow modelling and agent based modelling
 
Accesstalk pdf
Accesstalk pdfAccesstalk pdf
Accesstalk pdf
 
Modeling Aggregation and Interlinkages
Modeling Aggregation and InterlinkagesModeling Aggregation and Interlinkages
Modeling Aggregation and Interlinkages
 
Irish Times Innovation Roadshow Talk
Irish Times Innovation Roadshow TalkIrish Times Innovation Roadshow Talk
Irish Times Innovation Roadshow Talk
 
Regulation a European Perspective
Regulation a European PerspectiveRegulation a European Perspective
Regulation a European Perspective
 
Is Ireland the Role Model for Austerity?
Is Ireland the Role Model for Austerity?Is Ireland the Role Model for Austerity?
Is Ireland the Role Model for Austerity?
 
Buy Limerick.
Buy Limerick.Buy Limerick.
Buy Limerick.
 
Buy Limerick.
Buy Limerick.Buy Limerick.
Buy Limerick.
 
Peer Review Guidelines
Peer Review GuidelinesPeer Review Guidelines
Peer Review Guidelines
 
Budget2011: Where to now?
Budget2011: Where to now?Budget2011: Where to now?
Budget2011: Where to now?
 
Visualising Consitutional reform
Visualising Consitutional reformVisualising Consitutional reform
Visualising Consitutional reform
 
International Economics Guest Lecture
International Economics Guest LectureInternational Economics Guest Lecture
International Economics Guest Lecture
 
The Margins of Viability
The Margins of ViabilityThe Margins of Viability
The Margins of Viability
 
Designing a Strategy for Economic Recovery
Designing a Strategy for Economic RecoveryDesigning a Strategy for Economic Recovery
Designing a Strategy for Economic Recovery
 
Designing a Strategy for Economic Recovery
Designing a Strategy for Economic RecoveryDesigning a Strategy for Economic Recovery
Designing a Strategy for Economic Recovery
 
EC4004 Economics for Business Lecture 2
EC4004 Economics for Business Lecture 2EC4004 Economics for Business Lecture 2
EC4004 Economics for Business Lecture 2
 
US & EU Linkages: How did they contribute to the crisis?
US & EU Linkages: How did they contribute to the crisis?US & EU Linkages: How did they contribute to the crisis?
US & EU Linkages: How did they contribute to the crisis?
 
Social Media as a Bridge between Teaching and Research
Social Media as a Bridge between Teaching and ResearchSocial Media as a Bridge between Teaching and Research
Social Media as a Bridge between Teaching and Research
 
A Matching Model with Friction and Multiple Criteria
A Matching Model with Friction and Multiple CriteriaA Matching Model with Friction and Multiple Criteria
A Matching Model with Friction and Multiple Criteria
 

Dernier

AUDIENCE THEORY -CULTIVATION THEORY - GERBNER.pptx
AUDIENCE THEORY -CULTIVATION THEORY -  GERBNER.pptxAUDIENCE THEORY -CULTIVATION THEORY -  GERBNER.pptx
AUDIENCE THEORY -CULTIVATION THEORY - GERBNER.pptxiammrhaywood
 
Activity 2-unit 2-update 2024. English translation
Activity 2-unit 2-update 2024. English translationActivity 2-unit 2-update 2024. English translation
Activity 2-unit 2-update 2024. English translationRosabel UA
 
4.16.24 Poverty and Precarity--Desmond.pptx
4.16.24 Poverty and Precarity--Desmond.pptx4.16.24 Poverty and Precarity--Desmond.pptx
4.16.24 Poverty and Precarity--Desmond.pptxmary850239
 
Difference Between Search & Browse Methods in Odoo 17
Difference Between Search & Browse Methods in Odoo 17Difference Between Search & Browse Methods in Odoo 17
Difference Between Search & Browse Methods in Odoo 17Celine George
 
Food processing presentation for bsc agriculture hons
Food processing presentation for bsc agriculture honsFood processing presentation for bsc agriculture hons
Food processing presentation for bsc agriculture honsManeerUddin
 
Concurrency Control in Database Management system
Concurrency Control in Database Management systemConcurrency Control in Database Management system
Concurrency Control in Database Management systemChristalin Nelson
 
Global Lehigh Strategic Initiatives (without descriptions)
Global Lehigh Strategic Initiatives (without descriptions)Global Lehigh Strategic Initiatives (without descriptions)
Global Lehigh Strategic Initiatives (without descriptions)cama23
 
How to Add Barcode on PDF Report in Odoo 17
How to Add Barcode on PDF Report in Odoo 17How to Add Barcode on PDF Report in Odoo 17
How to Add Barcode on PDF Report in Odoo 17Celine George
 
Full Stack Web Development Course for Beginners
Full Stack Web Development Course  for BeginnersFull Stack Web Development Course  for Beginners
Full Stack Web Development Course for BeginnersSabitha Banu
 
ISYU TUNGKOL SA SEKSWLADIDA (ISSUE ABOUT SEXUALITY
ISYU TUNGKOL SA SEKSWLADIDA (ISSUE ABOUT SEXUALITYISYU TUNGKOL SA SEKSWLADIDA (ISSUE ABOUT SEXUALITY
ISYU TUNGKOL SA SEKSWLADIDA (ISSUE ABOUT SEXUALITYKayeClaireEstoconing
 
Student Profile Sample - We help schools to connect the data they have, with ...
Student Profile Sample - We help schools to connect the data they have, with ...Student Profile Sample - We help schools to connect the data they have, with ...
Student Profile Sample - We help schools to connect the data they have, with ...Seán Kennedy
 
Earth Day Presentation wow hello nice great
Earth Day Presentation wow hello nice greatEarth Day Presentation wow hello nice great
Earth Day Presentation wow hello nice greatYousafMalik24
 
ENGLISH 7_Q4_LESSON 2_ Employing a Variety of Strategies for Effective Interp...
ENGLISH 7_Q4_LESSON 2_ Employing a Variety of Strategies for Effective Interp...ENGLISH 7_Q4_LESSON 2_ Employing a Variety of Strategies for Effective Interp...
ENGLISH 7_Q4_LESSON 2_ Employing a Variety of Strategies for Effective Interp...JhezDiaz1
 
Choosing the Right CBSE School A Comprehensive Guide for Parents
Choosing the Right CBSE School A Comprehensive Guide for ParentsChoosing the Right CBSE School A Comprehensive Guide for Parents
Choosing the Right CBSE School A Comprehensive Guide for Parentsnavabharathschool99
 
ECONOMIC CONTEXT - PAPER 1 Q3: NEWSPAPERS.pptx
ECONOMIC CONTEXT - PAPER 1 Q3: NEWSPAPERS.pptxECONOMIC CONTEXT - PAPER 1 Q3: NEWSPAPERS.pptx
ECONOMIC CONTEXT - PAPER 1 Q3: NEWSPAPERS.pptxiammrhaywood
 
Barangay Council for the Protection of Children (BCPC) Orientation.pptx
Barangay Council for the Protection of Children (BCPC) Orientation.pptxBarangay Council for the Protection of Children (BCPC) Orientation.pptx
Barangay Council for the Protection of Children (BCPC) Orientation.pptxCarlos105
 
Karra SKD Conference Presentation Revised.pptx
Karra SKD Conference Presentation Revised.pptxKarra SKD Conference Presentation Revised.pptx
Karra SKD Conference Presentation Revised.pptxAshokKarra1
 

Dernier (20)

AUDIENCE THEORY -CULTIVATION THEORY - GERBNER.pptx
AUDIENCE THEORY -CULTIVATION THEORY -  GERBNER.pptxAUDIENCE THEORY -CULTIVATION THEORY -  GERBNER.pptx
AUDIENCE THEORY -CULTIVATION THEORY - GERBNER.pptx
 
Activity 2-unit 2-update 2024. English translation
Activity 2-unit 2-update 2024. English translationActivity 2-unit 2-update 2024. English translation
Activity 2-unit 2-update 2024. English translation
 
4.16.24 Poverty and Precarity--Desmond.pptx
4.16.24 Poverty and Precarity--Desmond.pptx4.16.24 Poverty and Precarity--Desmond.pptx
4.16.24 Poverty and Precarity--Desmond.pptx
 
Raw materials used in Herbal Cosmetics.pptx
Raw materials used in Herbal Cosmetics.pptxRaw materials used in Herbal Cosmetics.pptx
Raw materials used in Herbal Cosmetics.pptx
 
Difference Between Search & Browse Methods in Odoo 17
Difference Between Search & Browse Methods in Odoo 17Difference Between Search & Browse Methods in Odoo 17
Difference Between Search & Browse Methods in Odoo 17
 
Food processing presentation for bsc agriculture hons
Food processing presentation for bsc agriculture honsFood processing presentation for bsc agriculture hons
Food processing presentation for bsc agriculture hons
 
YOUVE GOT EMAIL_FINALS_EL_DORADO_2024.pptx
YOUVE GOT EMAIL_FINALS_EL_DORADO_2024.pptxYOUVE GOT EMAIL_FINALS_EL_DORADO_2024.pptx
YOUVE GOT EMAIL_FINALS_EL_DORADO_2024.pptx
 
Concurrency Control in Database Management system
Concurrency Control in Database Management systemConcurrency Control in Database Management system
Concurrency Control in Database Management system
 
Global Lehigh Strategic Initiatives (without descriptions)
Global Lehigh Strategic Initiatives (without descriptions)Global Lehigh Strategic Initiatives (without descriptions)
Global Lehigh Strategic Initiatives (without descriptions)
 
How to Add Barcode on PDF Report in Odoo 17
How to Add Barcode on PDF Report in Odoo 17How to Add Barcode on PDF Report in Odoo 17
How to Add Barcode on PDF Report in Odoo 17
 
Full Stack Web Development Course for Beginners
Full Stack Web Development Course  for BeginnersFull Stack Web Development Course  for Beginners
Full Stack Web Development Course for Beginners
 
ISYU TUNGKOL SA SEKSWLADIDA (ISSUE ABOUT SEXUALITY
ISYU TUNGKOL SA SEKSWLADIDA (ISSUE ABOUT SEXUALITYISYU TUNGKOL SA SEKSWLADIDA (ISSUE ABOUT SEXUALITY
ISYU TUNGKOL SA SEKSWLADIDA (ISSUE ABOUT SEXUALITY
 
Student Profile Sample - We help schools to connect the data they have, with ...
Student Profile Sample - We help schools to connect the data they have, with ...Student Profile Sample - We help schools to connect the data they have, with ...
Student Profile Sample - We help schools to connect the data they have, with ...
 
Earth Day Presentation wow hello nice great
Earth Day Presentation wow hello nice greatEarth Day Presentation wow hello nice great
Earth Day Presentation wow hello nice great
 
ENGLISH 7_Q4_LESSON 2_ Employing a Variety of Strategies for Effective Interp...
ENGLISH 7_Q4_LESSON 2_ Employing a Variety of Strategies for Effective Interp...ENGLISH 7_Q4_LESSON 2_ Employing a Variety of Strategies for Effective Interp...
ENGLISH 7_Q4_LESSON 2_ Employing a Variety of Strategies for Effective Interp...
 
Choosing the Right CBSE School A Comprehensive Guide for Parents
Choosing the Right CBSE School A Comprehensive Guide for ParentsChoosing the Right CBSE School A Comprehensive Guide for Parents
Choosing the Right CBSE School A Comprehensive Guide for Parents
 
ECONOMIC CONTEXT - PAPER 1 Q3: NEWSPAPERS.pptx
ECONOMIC CONTEXT - PAPER 1 Q3: NEWSPAPERS.pptxECONOMIC CONTEXT - PAPER 1 Q3: NEWSPAPERS.pptx
ECONOMIC CONTEXT - PAPER 1 Q3: NEWSPAPERS.pptx
 
YOUVE_GOT_EMAIL_PRELIMS_EL_DORADO_2024.pptx
YOUVE_GOT_EMAIL_PRELIMS_EL_DORADO_2024.pptxYOUVE_GOT_EMAIL_PRELIMS_EL_DORADO_2024.pptx
YOUVE_GOT_EMAIL_PRELIMS_EL_DORADO_2024.pptx
 
Barangay Council for the Protection of Children (BCPC) Orientation.pptx
Barangay Council for the Protection of Children (BCPC) Orientation.pptxBarangay Council for the Protection of Children (BCPC) Orientation.pptx
Barangay Council for the Protection of Children (BCPC) Orientation.pptx
 
Karra SKD Conference Presentation Revised.pptx
Karra SKD Conference Presentation Revised.pptxKarra SKD Conference Presentation Revised.pptx
Karra SKD Conference Presentation Revised.pptx
 

Ec4004 Lecture17