Buffer stocks to stabilise incomes P QO D a P1P1.

Slides:

Advertisements

Similar presentations

ECON 351 Elasticity of Demand & Supply Week 4.1 September 17, 2013.

Advertisements

ECON 308 Week 3 September 14, 2012 Chapter 4. Review Markets are the interaction of buyers and sellers. Focus on buyers and sellers separately. Ceteris.

PROFIT MAXIMIZATION UNDER COMPETITIVE MARKET CONDITIONS

Bioelectromagnetism Exercise #4 – Answers

Unit II DEMAND AND SUPPLY ANALYSIS (10). Demand The amount of a particular economic good or service that a consumer or group of consumers will want to.

FIRMS IN COMPETITIVE MARKETS

Change in QD or Change in D

1 Concurrency: Deadlock and Starvation Chapter 6.

Aggregate Demand and Aggregate Supply.

Copyright 2004 McGraw-Hill Australia Pty Ltd PPTs t/a Macroeconomics 7/e by Jackson and McIver Slides prepared by Muni Perumal, University of Canberra,

Copyright 2008 The McGraw-Hill Companies 17-1 Classical Economics and Keynes Causes of Macro Instability Does the Economy Self- Correct? Rules or Discretion.

Chapter 36 Current Issues in Macro Theory and Policy McGraw-Hill/Irwin

08/06/2001ZEUS Consulting SA1 REGNET System Specification Brief introduction Kostas Giotopoulos.

Suppose the government builds a railway in northwest New Territories.

Economic and behavioral effects of transportation infrastructure Testimony to the New Jersey Clean Air Council April 14, 2010 Robert B. Noland Professor,

The UK Housing Market A barometer of the economy? The UK Housing Market A barometer of the economy?

Various levels n Free trade area (FTA) - NAFTA n Customs union (cu) - 1 CET n Common market - 4 freedoms n Economic union - common policies n Total integration.

The UK Housing Market Is it actually working? The UK Housing Market Is it actually working?

AGRICULTURE AND AGRICULTURAL POLICY Subsidies – effects on price and output – the incidence of a subsidy – Subsidy is an amount paid for every unit produced.

Lecture 4: Common Agricultural Policy Based on Sloman Chapter 3.4 and Chapter 8, Swann Lecture 4: Common Agricultural Policy Based on Sloman Chapter 3.4.

World Commodity Prices and Markets Dr Wyn Morgan Sixth form Conference 27th June 2006.

DEMAND The relationship between demand and priceThe relationship between demand and price –the law of demand –the income effect –the substitution effect.

THE TIME DIMENSION Short-run and long-run price adjustmentShort-run and long-run price adjustment –short- and long-run demand and supply curves –short-

INDIFFERENCE ANALYSIS

BEHIND THE DEMAND CURVE II & III

BEHIND THE DEMAND CURVE II & III Indifference Analysis 1. Assumptions 2. Indifference curves & the budget constraint 3. Derivation of the demand curve.

IBM Systems Group © 2004 IBM Corporation Nick Jones What could happen to your data? What can you do about it?

Algorithms for Geometric Covering and Piercing Problems Robert Fraser PhD defence Nov. 23, 2012.

Sales and Excise taxes.

ASD PATHWAY Assessment3 X 90 Mins Appts. with OT 2 X 60 Mins Appts. with OT 2 x 60 Mins Appts. with OT 4-6 X 60 Mins Appts. with OT 1/12 12 X 90 Mins Appts.

Equilibrium and Disequilibrium

1 Excise Tax. 2 Change in supply If non-price determinants of supply should change the supply curve will shift and we say there has been a change in supply.

Real Estate Markets Dr. Stanley D. Longhofer. The next section of the course all revolves around a fundamental question: What gives real estate value?

HouseholdsBusinesses Product Markets Factor Markets.

Price Discrimination: Capturing CS

1. PUTTING DEMAND AND SUPPLY TO WORK Learning Objectives 1.Learn how to apply the model of demand and supply to explaining the behavior of equilibrium.

Supply, Demand, and the Price System. Quick Review – the following information should be in your notes already.

Trade Policies Tariffs and Quotas. Tariffs Tariff: A tax on import Specific tariff: a per unit tax on imports Ad valolrem tariff: a value based tax on.

Spring scale in space Designing a pendulum clock

Own price elasticity and total revenue changes

Price discrimination IB Economics. Objectives Explain the meaning of price discrimination Identify the conditions for PD to occur Give examples of PD.

Aggregate Demand and Aggregate Supply 29 McGraw-Hill/Irwin Copyright © 2012 by The McGraw-Hill Companies, Inc. All rights reserved.

economics for business

The model that illustrates how a competitive markets works

The Long Run Aggregate Supply Curve

Elasticity of Demand & Supply 20 C H A P T E R From Ch. 3 make sure you know the following: Define demand and supply and state the laws of demand and.

Supply and Demand: Market Equilibrium. Equilibrium When supply = demand, there is equilibrium in the market Equilibrium creates a single price and quantity.

Copyright © Wondershare Software

Chapter 9. THE MARKET FOR FACTORS OF PRODUCTION 1. Perfect markets Supply of Labour Demand for labour Distribution of Income when Markets are competitive.

Public Goods. A public good is one that is nonrival and nonexclusionary in consumption. Nonrival means that when you consume the good it does not diminish.

There is tar inside a cigarette There is lots off acids such as candle wax.

AP Calculus BC Review for Quiz -Determining convergence of geometric series -Creating a power series -Finding a Taylor Series sum expression.

RDF triple store Ontology Curator Harvester Departmental Web sites Research grants databases Query system Web interface Harvester.

Rotational Symmetry of 3-D Figures To show the dynamic figures properly, the evaluation version or the plugin of Cabri 3D (V2.0 or above) must be installed.

Setting Next Year’s Standard Cost David Jones. ` Budget Year N Std Cost Year N -ve variance vs.Std cost +ve variance vs.Std cost €10 €8 Budget Year N+1.

3 SUPPLY AND DEMAND II: MARKETS AND WELFARE. Copyright © 2006 Thomson Learning 7 Consumers, Producers, and the Efficiency of Markets.

3 SUPPLY AND DEMAND II: MARKETS AND WELFARE. Copyright © 2010 Cengage Learning 7 Consumers, Producers, and the Efficiency of Markets.

1 UNIT 1B LESSON 3 SLOPE OF A SECANT. DEFINITION: A secant is a line that cuts a curve in two or more distinct points. P1P1 P2P2 P1P1 P2P2 P3P3 2.

10/22/20141 Long-Run Aggregate Supply and Aggregate Demand Chapter 11.

10/22/2014CRC Economics1. 10/22/2014CRC Economics2 Do you know … what a movement in a demand curve is and what causes it? what a shift in a demand curve.

1 Chapter 11 APPLIED COMPETITIVE ANALYSIS Copyright ©2005 by South-Western, a division of Thomson Learning. All rights reserved.

The Within-Strip Discrete Unit Disk Cover Problem Bob Fraser (joint work with Alex López-Ortiz) University of Waterloo CCCG Aug. 8, 2012.

Copyright McGraw-Hill/Irwin, 2005 Aggregate Demand Changes in AD Determinants of AD Aggregate Supply Determinants of AS Equilibrium & Changes in.

Copyright McGraw-Hill/Irwin 2002 Aggregate Demand Derivation of the AD Curve Changes in AD Determinants of AD Shifts in AE Schedule and Curve Aggregate.

McGraw-Hill/Irwin Copyright © 2008 by The McGraw-Hill Companies, Inc. All rights reserved. Chapter 14 Analysis of Sales Volume It is only through evaluation.

Copyright McGraw-Hill/Irwin, 2005 Short-Run and Long- Run Aggregate Supply Short-Run Aggregate Supply Long-Run Aggregate Supply Equilibrium with.

RSES – reducts and discretization of attributes presented by Zbigniew W. Ras University of North Carolina, Charlotte, NC & Warsaw University of Technology,

Presentation transcript:

Buffer stocks to stabilise incomes P QO D a P1P1

P QO D Y a P1P1 P d = 1 Buffer stocks to stabilise incomes

P QO D Sa2Sa2 Q2Q2 Q1Q1 Sa1Sa1 Y a P1P1 Buffer stocks to stabilise incomes 1

P QO D Sa2Sa2 Q2Q2 Q1Q1 Sa1Sa1 Y a P1P1 P2P2 Buffer stocks to stabilise incomes

P QO D Sa2Sa2 Q2Q2 Q1Q1 Sa1Sa1 Q 2 Y a b c P1P1 P 2 P2P2 Bought into buffer stock Buffer stocks to stabilise incomes

P QO D Sa3Sa3 Q3Q3 Q1Q1 Sa1Sa1 Y a P1P1 Buffer stocks to stabilise incomes 2

P QO D Sa3Sa3 Q3Q3 Q1Q1 Sa1Sa1 Y a P1P1 P3P3 Buffer stocks to stabilise incomes

P QO D Sa3Sa3 Q3Q3 Q1Q1 Sa1Sa1 Q 3 Y a d e P1P1 P 3 P3P3 Released from buffer stock Buffer stocks to stabilise incomes