总结于武大经济学课
一：Supply Side
Understand Some Terms
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Supply or quantity supplied:
- the amount that a seller is willing and able to sell
- Individual Supply
- Market Supply
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Condition of Supply
- ability
- will
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Determinants of Supply
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Supply Schedule and Supply Curve: Effects of Price on Supply
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Forces behind Supply Curve: Non-price Factors
- Technology
- Factor prices (costs)
- Price of related goods
- Joint product such as beef and cowhide
- Substitutes (in supply side) such as truck and car
- Government policy
- Special influences
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Changes in Quantity Supplied versus Changes in Supply
二：Market Equilibrium: Put the Supply and Demand together
- What Do We Mean by Equilibrium
- Equality of S and D (Two opposite forces)
- A situation that will not change if other things hold unchanged
- An optimal outcome for agents concerned
- Market Mechanism and the Formation of Equilibrium Price
- S > D, → P ↑
- S < D, → P ↑