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Mark Lorenzo

added blog Financial Services
2023-01-27 15:38:59 -

Microeconomics
Key points Demand curves can shift. Changes in factors like average income and preferences can cause an entire demand curve to shift right or left. This causes a higher or lower quantity to be demanded at a given price. Ceteris paribus assumption. Demand curves relate the prices and quantities demanded assuming no other factors change. This is called...

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Mark Lorenzo

added blog Financial Services
2023-01-31 15:07:38 -

The economics of pollution
Key Points Economic production can cause environmental damage. This tradeoff arises for all countries, whether high-income or low-income, and whether their economies are market-oriented or command-oriented. An externality, sometimes called a spillover, occurs when an exchange between a buyer and seller has an impact on a third party who is not part of the exchange....

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