What is Consumer Surplus?

Map Branches

• Understanding the reasons why:
  • What will happen when oil eventually runs out?
  • Why can't the Mint just print more money?
  • Why can't we just pay doctors and nurses more money?
  • The unemployed should make an effort to get a job!
  • Why can't I just get a grant to go to university?
  • Why the big deal when interest rates change?
  • Inflation. No idea what it is other than tyre pressure.
  • We should fine polluters so they stop doing it!
  • We should wipe out 3rd world debits.
  • Not another strike! Why don't they just go back to work?
• Economic Decisions Affect
  • Individuals
  • Governments
  • Businesses
• Exercise 1
  • Write down 5 of your own questions or statements you think have something to do with economics.
    • 1.
    • 2.
    • 3.
    • 4.
    • 5.
• How to enroll for this subject
  • For more examples of Economic Issues visit this site
  • Email me at jrivers@bsc.edu.de for an enrollment form
  • At the end of this information night I can provide enrollment forms
• These are two examples of the kind of topics we will be covering during the course of the year.
  • Two
    • Financial Markets
      • What are Factor Markets?
        • Land
          • Rent
          • D of Land
          • S of Land
        • Capital
          • D for equipment & machinery
          • Funds for Loans
          • Interest
        • Labour
          • Wage Rate
          • S for Employees Labour
          • D for Employers Labour
      • What is Joint Supply?
        • Rise in D for X - Rise in S of Y
        • Supplied for more than one purpose
      • What is Composite Demand?
        • Rise in D for X - Fall in S of Y
        • More than one use
      • What is Consumer Surplus?
        • Utility
        • Price
        • Value
  • One
    • The Government is going to introduce fines as a deterrent against polluting
      • What happens if this puts some producers out of business?
      • Where will the money come from to pay people to enforce this?
      • What about pollution accidents?
      • Who is going to enforce this?
      • How much should you fine?

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