Introduction%20to%20Agricultural%20and%20Natural%20Resources - PowerPoint PPT Presentation

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Introduction%20to%20Agricultural%20and%20Natural%20Resources

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Introduction to Agricultural and Natural Resources Introduction to ... 10_Office Theme Introduction to Agricultural and Natural Resources Back to the ... – PowerPoint PPT presentation

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Title: Introduction%20to%20Agricultural%20and%20Natural%20Resources


1
Introduction to Agricultural and Natural Resources
  • Introduction to Supply and Demand
  • FREC 150
  • Dr. Steven E. Hastings

2
Back to the Circular Flow Model of our Economy
3
Concepts Supply, Demand and ...
4
Market Equilibrium
5
Market Equilibrium
Why, What Where, When?
6
The Automobile Market(s)
7
Headlines
8
More Headlines
9
More Headlines
10
More Headlines
11
Summary
  • Much of microeconomics is focused on
    understanding supply, demand and theit
    interaction in markets.
  • This will be the focus of much of the rest of the
    course.
  • At the end we will discuss the concept of market
    failure which is very important to natural and
    environmental resources.
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