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Supply, Demand, and Equilibrium: The Algebra
Debaere, Peter Technical Note G-0592 / Published August 3, 2007 / 6 pages.
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Product Overview

This technical note refreshes the algebraic representation of linear demand and supply, how to account for shifting curves, and how to include taxes. This is part of the refresher course in Economics at Darden.

Learning Objectives

The learning objectives are to refresh key concepts and tools from microeconomics and macroeconomics; emphasize the role of economics in the MBA curriculum; and show how analyzing economic agents as maximizers of profit and/or utility deepens one's understanding of the environment of the firm.

  • Overview

    This technical note refreshes the algebraic representation of linear demand and supply, how to account for shifting curves, and how to include taxes. This is part of the refresher course in Economics at Darden.

  • Learning Objectives

    Learning Objectives

    The learning objectives are to refresh key concepts and tools from microeconomics and macroeconomics; emphasize the role of economics in the MBA curriculum; and show how analyzing economic agents as maximizers of profit and/or utility deepens one's understanding of the environment of the firm.