BLACK AND WHITE SLIDES

9/14/99

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Table of Contents

INCREASES IN PRODUCTIVITY

POSITIVE vs. NORMATIVE ECONOMICS

TYPES OF MARKETS

THINGS STAYING UNCHANGED

THINGS STAYING UNCHANGED

EFFECT OF AN INCOME CHANGE

THINGS STAYING UNCHANGED

EFFECTS OF CHANGE IN OTHER GOODS' PRICE

SHIFTS IN DEMAND vs MOVEMENTS ALONG

MOVEMENT ALONG THE DEMAND CURVE

SHIFTS IN DEMAND vs MOVEMENTS ALONG

SHIFTS IN DEMAND

Author: T. Kinal