Supply, Demand, and Equilibrium: The Alg...
Debaere, Peter
Supply, Demand, and Equilibrium: The Algebra
G-0592 | Published August 3, 2007 | 6 pages. Technical Note
Collection: Darden School of Business
Product Details
This technical note refreshes the algebraic representation of linear demand and supply, how to account for shifting curves, and how to include taxes. This is part of the refresher course in Economics at Darden.
The learning objectives are to refresh key concepts and tools from microeconomics and macroeconomics; emphasize the role of economics in the MBA curriculum; and show how analyzing economic agents as maximizers of profit and/or utility deepens one's understanding of the environment of the firm.
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