The Market Forces of Supply and Demand
Über den Vortrag
Der Vortrag „The Market Forces of Supply and Demand“ von James DeNicco ist Bestandteil des Kurses „Principles of Microeconomics (EN)“. Der Vortrag ist dabei in folgende Kapitel unterteilt:
- The Market and Perfect Competition
- A Closer Look at Demand
- Demand Shifts
- Demand Shifts Versus Movements Along the Curve
- A Closer Lock at Supply
- Supply Shifts
- The Market Equilibrium
- Recap
Quiz zum Vortrag
What has to be fulfilled so that perfect competition prevails?
- All the offered goods have to be identical and no single buyer or seller has control over the price.
- All the offered goods have to be identical and just the seller has control over the price.
- All the offered goods have to be identical and just the buyer has control over the price.
- All the offered goods have to be different and no single buyer or seller has control over the price.
Which of the following answers are correct when we talk about the demand curve?
- Anything that increases the amount we demand at a given price will be a rightward shift in the demand curve.
- Whenever there is a change in the price its gonna be a movement along the curve.
- Whenever there is a change in the price its gonna be a shift along the curve.
- Anything that increases the amount we demand at a given price will be a leftward shift in the demand curve.
Which of the following answers are correct when we talk about the supply curve?
- The supply curve is upward sloping and the demand curve is downward sloping.
- Anything that raises the quantity supplied at any given price shifts the supply curve right.
- The supply curve downward sloping and the demand curve is upward sloping.
- Anything that raises the quantity supplied at any given price shifts the supply curve left.
What explanation describes the equilibrium best?
- An equilibrium is a situation in which the market price has reached the level at which the quantity supplied equals the quantity demanded.
- An equilibrium is a situation in which the market price has almost reached the level at which the quantity supplied equals the quantity demanded.
- An equilibrium is a situation in which the market price has reached the level at which the quantity supplied is greater then the quantity demanded.
- An equilibrium is a situation in which the market price has almost reached the level at which the quantity supplied is smaller then the quantity demanded.
- None of the answers is correct.
Dozent des Vortrages The Market Forces of Supply and Demand
James DeNicco
Dr. DeNicco graduated from Drexel University in 2013. His primary field is Macroeconomics and his secondary field is Industrial Organization. His primary research interests are in Macroeconomics and applied Macroeconomics, especially the relationship between GDP growth and labor dynamics.
His focus is on jobless recovery, which explores the speed of recovery in unemployment rates post recession, controlling for GDP growth. He is currently an Assistant Professor at the University of Tampa, where he teaches both Macroeconomics and Microeconomics.
Dr. DeNicco also does work as a Research Associate for the Center for Labor Markets and Policy. In that role he has conducted extensive work with BLS and BEA data regarding estimation and forecasting techniques used by the Massachusetts Governor’s Office and the Rhode Island Department of Labor.
In addition, he collaborates on research identifying the determinants of successful transitions from high school to college and persistence in college, with the goal of identifying major transition barriers needing either program or policy intervention.
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