- In this segment Timothy Taylor introduces the concept of macroeconomics. What are main topics covered by the lessons shown in the video?
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original thoughts please
- What is the difference between supply and quantity supplied? What is the difference between demand and quantity demanded?
- How do prices, quantity supplied, quantity demanded, supply, and demand interact to determine market equilibrium?
- How do government-set prices, such as price ceilings and price floors, cause surpluses and shortages?
FOR THIS ONE, JUST REITERATE SOMETHING YOU WROTE ABOUT-**Review this week’s course materials and learning activities, and reflect on your learning so far this week. Respond to one or more of the following prompts in one to two paragraphs:
- Provide citation and reference to the material(s) you discuss. Describe what you found interesting regarding this topic, and why.
- Describe how you will apply that learning in your daily life, including your work life.
- Describe what may be unclear to you, and what you would like to learn.
