EC4004 Lectures 11 & 12
Time is short this week, so a truncated two lectures in one for you, based on the end of chapter 8 and all of chapter 9 of ze textbooky-wook.
Click below for the notes, kids.
Supply and demand
EC4004, Ecs for Business, Lecture 4: Market Demand and Elasticity
We construct market demand curves for products by horizontally summing quantities demanded of a good by each person in the market. So, if there are two people in the market for good , at a certain price, , individual 1 will demand and individual 2 will demand . We add up , and this [...]
Also tagged Business, Elasticity, Price, Price elasticity of demand, Robert Jensen, United States, USAEC4004 Lecture 3: Individual Demand
In the last lecture we looked at the theory of choice. Today its all about demand. Click below for lecture notes, which you can print using the print icon below.
Also tagged Budget constraint, Ceteris Paribus, Demand Curve, Economics, Indifference curve, Price, Price of petroleumEC4004, Ecs for Business, Lecture 2 Experiment Results
Hello there, EC4004 students. This week we are all about the Law of Demand, Supply, and Elasticity. Get these wikipedia entries into you to prime yourselves for the lectures on Thursday and Friday.
Also, decide whether you like bubbles. That was meant to be cryptic, and you’ll find out how cryptic on Thursday. No more unvolunteering, [...]
Consumer sentiment lifts: why?
Several news outlets report consumer sentiment in Ireland lifted slightly over the summer months[1, 2], mainly due, they say, to price drops because of the summer sales. Fair enough. What they don’t mention is the impact of an unchanged ECB interest rate on people’s mortgages, a fairly stable economic environment once one controls for rising [...]
Also tagged Economy of the Republic of Ireland, Ireland, Price of petroleum, Relative price, Republic of IrelandGood News for Limerick Students: Rents should be cheaper this year
Take a look at the Daft.ie second quarter report on the rental market. It makes for some fascinating reading. I’m always amazed at the quality of research and analysis these guys put out.
The report makes two strong claims, backed up by Ireland’s largest rental database.
First, rental rates will, on average, fall across the country due [...]
Limit Order Only Markets
Image via Wikipedia
Attention conservation notice: apologies for all the code/typos/stupidity here, I’m working on some notes on Limit Orders for a paper I’m writing. Any comments most welcome.
A limit order is an instruction to trade a specific quantity of an asset at a specified price, or a better price. The order is an ex-ante [...]