OpenStaxCollege

OpenStaxCollege
http://openstaxcollege.org
Quốc gia: American
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OpenStax College is a nonprofit organization committed to improving student access to quality learning materials. Our free textbooks are developed and peer-reviewed by educators to ensure they are readable, accurate, and meet the scope and sequence requirements of your course. Through our partnerships with companies and foundations committed to reducing costs for students, OpenStax College is working to improve access to higher education for all. OpenStax College is an initiative of Rice University and is made possible through the generous support of several philanthropic foundations.

Efficiency in Perfectly Competitive Markets

By the end of this section, you will be able to: <ul> <li>Apply concepts of productive efficiency and allocative efficiency to perfectly competitive markets</li> <li>Compare the model of perfect competition to real-world markets</li> </ul>

The Parabola

In this section, you will: <ul> <li>Graph parabolas with vertices at the origin.</li> <li>Write equations of parabolas in standard form.</li> <li>Graph parabolas with vertices not at the origin.</li> <li>Solve applied problems involving parabolas.</li> </ul>

Labor Productivity and Economic Growth

<para>By the end of this section, you will be able to:</para><ul><li>Identify the role of labor productivity in promoting economic growth</li><li>Analyze the sources of economic growth using the aggregate production function</li><li>Measure an economy’s rate of productivity growth</li><li>Evaluate the power of sustained growth</li></ul>

Elasticity and Pricing

<para>By the end of this section, you will be able to:</para> <ul> <li>Analyze how price elasticities impact revenue</li> <li>Evaluate how elasticity can cause shifts in demand and supply</li> <li>Predict how the long-run and short-run impacts of elasticity affect equilibrium</li> <li>Explain how the elasticity of demand and supply determine the incidence of a tax on buyers and sellers</li></ul>

Regulating Anticompetitive Behavior

<para>By the end of this section, you will be able to:</para> <ul> <li>Analyze restrictive practices</li> <li>Explain tying sales, bundling, and predatory pricing</li> <li>Evaluate a real-world situation of possible anticompetitive and restrictive practices</li> </ul>

Measuring Money: Currency, M1, and M2

<para>By the end of this section, you will be able to:</para> <ul> <li>Contrast M1 money supply and M2 money supply</li> <li>Classify monies as M1 money supply or M2 money supply</li> </ul>

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