Price (2000 dollars per barrel) Year. Quantity (millions of barrels per day) Year.

Slides:



Advertisements
Similar presentations
© BP 2012 bp.com/statisticalreview BP Statistical Review of World Energy June 2013 © BP 2013.
Advertisements

Chapter 3: Supply and Demand Part 2 Econ 101: Microeconomics.
Aggregate Demand and Aggregate Supply 12A Appendix McGraw-Hill/Irwin Copyright © 2012 by The McGraw-Hill Companies, Inc. All rights reserved.
Lecturer : Muchdie, PhD in Economics  PhD in Economics, 1998, Dept. of Economics, The University of Queensland, Australia.  Post Graduate Diploma in.
Session 9. EFFECTS OF GOVERNMENT INTERVENTION— PRICE CONTROLS 2.7 Effects of Price Controls Without price controls, the market clears at the equilibrium.
1 Supply Schedule Price change – quantity supplied changes Q P S.
1 Supply, Demand and Government Policies Chapter 6.
Law of Demand A decrease in the price of a good, all other things held constant, will cause an increase in the quantity demanded of the good. An increase.
BP Statistical Review of World Energy June 2015
The imposition of a per-unit tax on Supply Exhibit the effect of the tax on: Pre-tax Price and Quantity Pre-tax Total expenditure on the good Pre-tax Producer.
1 Demand for Goods & Services One Variable -- Change in Price Other variables constant Another variable changes (not price) Shift in Demand Price of other.
Other Elasticity Concepts How much of a shift?. Other Elasticity Concepts Other elasticities can be useful in specifying the effects of a shift factor.
38 The Balance of Payments, Exchange Rates, and Trade Deficits McGraw-Hill/Irwin Copyright © 2012 by The McGraw-Hill Companies, Inc. All rights reserved.
Balance of payments and Exchange Rates. Balance of payments & exchange rates The balance of payments account Example of UK balance of payments The balance.
ELASTICITY How quantity demanded or supplied changes with changes in price.
Supply & Demand Shifts Part 3: Topic Completion. Shifts in Demand (TIPSE) Shifts in Supply (TIN) S & D Shifts.
Activities and Definitions.  Q s = P  Q d = P ◦ Price is in dollars per bushel ◦ Quantity is in millions of bushels per year  Find.
Total Item Price: $ Dollars. Website: Price: $60.00.
Chapter Four: Supply and Demand. The Theory of Supply.
The Incidence of Taxation. The incidence of taxation Indirect taxes.
PowerPoint Slides by Robert F. BrookerHarcourt, Inc. items and derived items copyright © 2001 by Harcourt, Inc. Managerial Economics in a Global Economy.
Question # 1 For $100 15$1,000,000 14$500,000 13$250,000 12$125,000 11$64,000 10$32,000 9$16,000 8$8,000 7$4,000 6$2,000 5$1,000 4$500 3$300 2$200 1$100.
Problem #1 Price of Gasoline rises and Autoworkers gain 10% pay raise Price Qty SUV’s D1D1 S1S $30K 2 Mil. E1E1 D2D S2S2.
Chapter 2 The Basics of Supply and Demand. Topics to Be Discussed n The Market Mechanism n Shifts in Supply and Demand n Short-Run Versus Long-Run n Understanding.
Elasticity and its Application. Definition of Elasticity Elasticity measures the responsiveness of one variable to changes in.
+ Lesson 4: Biodiesel Lab. + Learning Objectives Determine the amount of energy released from biodiesel through a laboratory exercise Compare the energy.
ENERGY UNITBTU CONTENT 1 barrel (42 gallons) of crude oil5,800,000 Btu 1 gallon of gasoline124,238 Btu (based on U.S. consumption, 2008) 1 gallon of diesel.
Q O Industry MC Q1Q1 P P1P1 Industry D = AR Industry MR Profit maximizing cartel.
Supply Changes in the QUANTITY Supplied vs. Changes in Supply.
Demand, Supply, and Market Equilibrium 3A McGraw-Hill/IrwinCopyright © 2012 by The McGraw-Hill Companies, Inc. All rights reserved. Appendix.
Ethanol: A good replacement for Gasoline? By: Christopher Joyce Jan. 2006
Average total cost $ Quantity 100.
ECONOMICS: Principles and Applications 3e HALL & LIEBERMAN © 2005 Thomson Business and Professional Publishing Supply and Demand.
Qd always responds positively to the change in income. QdQd O Y More Elastic Less Elastic.
1 Comparative Advantage, Exchange Rates, and Globalization Application: Comparative Advantage United StatesSaudi Arabia % of resources devoted to.
Chapter 3A Additional Examples of Supply and Demand Copyright © 2015 McGraw-Hill Education. All rights reserved. No reproduction or distribution without.
Supply and Demand: Changes in Equilibrium. Change in Market Equilibrium: Change in Demand Price of caviar (per pound) Quantity of caviar (millions of.
Azerbijan. Natural resources  Petroleum (oil)  natural gas  iron  ore  nonferrous metals  bauxite.
MACRO FINAL REVIEW. Qty of Cars 2, , ,000 3,000 1,000 Qty of Computers A G All about PPF Curves.
Balance of Payments Current Account (NX) –Export-Import & Investment Income Capital Account –Foreign purchase of US assets – U.S. purchase of foreign assets.
The Economics of Climate Change Santiago Saavedra-Pineda Stanford-SPLASH April 14 th, 2013.
# McGraw-Hill/Irwin Copyright © 2013 by The McGraw-Hill Companies, Inc. All rights reserved. Additional Examples of Supply and Demand Appendix 3W.
Effect of a tax on price and quantity S + tax S O P1P1 Q1Q1 D P Q.
Demand, Supply and Market Equilibrium 03A Appendix McGraw-Hill/Irwin Copyright © 2012 by The McGraw-Hill Companies, Inc. All rights reserved.
Demand for Labour Demand for labour is a derived demand, which is determined by the demand for goods and services within the economy. When demand increases,
1 Fig. 1 The Demand Curve Number of Bottles per Month Price per Bottle A B $ D 40,00060,000 At $2.00 per bottle, 60,000 bottles are demanded (point.
Supply and Demand Shift!. We’ve brought Supply and Demand Together, but what happens when a shifting event occurs? S D D Event: It is discovered that.
如何利用图书馆 ——— 海南师范大学图书馆（ 2014 ） ——— 海南师范大学图书馆（ 2014 ）
ПЕЧЕНЬ 9. Закладка печени в период эмбрионального развития.
Changes in Equilibrium!. Equilibrium Review Equilibrium is where quantity supplied and quantity demanded are equal. Graphically, equilibrium is the point.
D1D1 The 4 shifts of the Supply and Demand Curve Shift 1- Demand Away D0D0 S 0 Price (P) Quantity (Q) P0P0 Q0Q0 P1P1 Q1Q1 4. ∆Q S; Movement along the S.
Minimum Price $100. Minimum Price $45 Minimum Price $40.
Minimum Price $100. Minimum Price $45 Minimum Price $40.
Oil data slides.
bp.com/statisticalreview #BPstats
Producer Surplus and the Oil Industry
Balance of payments and Exchange Rates
Coal data slides.
bp.com/statisticalreview #BPstats
BP Statistical Review of World Energy June 2014
OIL BOOM MATH.
Oil data slides.
'. \s\s I. '.. '... · \ \ \,, I.
bp.com/statisticalreview #BPstats
bp.com/statisticalreview #BPstats
DOE Oil Price Forecasts
Hundred Dollar Questions
' '· \ ·' ,,,,
bp.com/statisticalreview #BPstats
bp.com/statisticalreview #BPstats
Presentation transcript:

Price (2000 dollars per barrel) Year

Quantity (millions of barrels per day) Year

Price Quantity Year Price (2000 dollars per barrel) Quantity (millions of barrels per day)

Price (2000 dollars per barrel) Quantity (millions of barrels per day)

Per Capital Consumption of Oil (gallons per day)

Price Quantity S1S1 D S2S2 Q1Q1 Q2Q2 P2P2 P1P1

Feedback: Privacy Policy Feedback
Do Not Sell My Personal Information
About project: SlidePlayer Terms of Service

© 2024 SlidePlayer.com. Inc. All rights reserved.