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Reading, Research and Reflection
Reading, Research and Reflection
Studyguide available via Google Classroom
Essential
Tragakes
Kognity
For extra support
Reading: Jones on supply and PES
For extra depth
Ihlanfeldt and Mayock. “Housing Bubbles and Busts: The Role of Supply Elasticity.” 2014
For extra challenge
Shea “Do Supply Curves Slope Up?” 1993
Stafford “What Do Fishermen Tell Us That Taxi Drivers Do Not? An Empirical Investigation of Labor Supply.” 2015
How do consumers and producers make choices in trying to meet their economic objectives?
How do consumers and producers make choices in trying to meet their economic objectives?
How do economists model 'supply'?
How do economists model 'supply'?
HIGHER LEVEL
HIGHER LEVEL
The assumptions underlying the law of supply
The assumptions underlying the law of supply
- The Law of Diminishing Returns
- Increasing marginal costs
How responsive is supply to a change in price?
How responsive is supply to a change in price?
HIGHER LEVEL
HIGHER LEVEL
PES of primary commodities & manufactured good
PES of primary commodities & manufactured good
Jean Baptise Say
Jean Baptise Say
Born: January 5, 1767, Lyon, France
Died: November 15, 1832, Paris, France
Main contribution to economics;
Say's Law
Further Reading & Research
Further Reading & Research
Journal Articles
Blaug, Mark. “Say's Law of Markets: What Did It Mean and Why Should We Care?” Eastern Economic Journal, vol. 23, no. 2, 1997, pp. 231–235. JSTOR, www.jstor.org/stable/40325773
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