microeconomics topics for presentation ppt

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• Module 1: Economic Thinking
• Module 2: Choice in a World of Scarcity
• Module 3: Supply and Demand
• Module 4: Applications of Supply and Demand
• Module 5: Elasticity
• Module 6: Utility
• Module 7: Production and Costs
• Module 8: Perfect Competition
• Module 9: Monopoly
• Module 10: Monopolistically Competition and Oligopoly
• Module 11: Public Goods
• Module 12: Labor Markets
• Module 13: Income Distribution
• Module 14: Globalization and Trade
• Module 15: Exchange Rates and International Finance

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PowerPoints for Intermediate Microeconomics

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Microeconomics

Unit 1: basic economic concepts, unit 2: supply, demand, and market equilibrium, unit 3: elasticity, unit 4: consumer and producer surplus, market interventions, and international trade, unit 5: consumer theory, unit 6: production decisions and economic profit, unit 7: forms of competition, unit 8: factor markets, unit 9: market failure and the role of government.

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Microeconomics PowerPoint PPT Presentations

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60 Killer Microeconomic Topics For Your Research

Microeconomic topics to write about are becoming rare to find nowadays. One can even equate this scenario to the shortage of masks and other PPEs during the outbreak of the COVID-19 pandemic. As a result, students cannot present topics that can earn them top grades in class.

However, our expert microeconomic gurus have selectively handpicked 60+ topics to help students attain better grades. These topics will inspire you to think further and write even better ones for an A+ grade.

Before we embark on the topics, below are some of the characteristics of good microeconomic paper topics:

They should be of an empirical problem They should show causal or strong correlative relationships in economics They should point out the dynamic nature of microeconomics

So, what are some microeconomic topics that you can use for your next assignment? Scroll down.

Microeconomic Topics For Presentation

• What is the impact of coronavirus on small-scale traders?
• How to strike a balance between supply and demand
• Is it possible to achieve a market place where there is ‘perfect competition?’
• The functioning of the stock market and its role in the business sector
• Ways of improving opportunity costs for start-ups

Microeconomic Topics in the News

• The effect of working from home on the economy
• Enormous consequences of economic recession on third world countries
• Why people are not able to afford mortgage rates during the COVID-19 pandemic
• How effective are inflation strategies?
• Working options for salvaging collapsing economies

Microeconomic Research Topics For High School Students

• How to avoid business bankruptcy for small businesses.
• Is the minimum wage a significant result of unemployment?
• Government policies that threaten the success of microeconomics
• Should the government impose taxes on small business enterprises?
• Discuss the Matthew effect and its relation to social involvement.

Microeconomic Paper Topics For College Students

• Should the government fix prices for circulating capital economics?
• Why is a monopoly killing small businesses globally?
• The role of trademark and intellectual property rights in microeconomics
• Why bureaucracy on customers and employees is killing business start-ups
• Why market speculation is essential before venturing into a business

Good Microeconomic Research Topics

• Advantages and disadvantages of permanent employee contracts
• How to attain market equilibrium for developing countries
• Are discounts and offers suitable for starting microeconomic enterprises?
• How do Gossen’s laws apply in today’s market?
• The economic impact of advertising on businesses

Microeconomic Topics for Presentations During Conferences

• How pricing relates to salary when determining the minimum wage increases.
• What is the best way of cushioning small businesses after a pandemic?
• Why is it challenging to attain a positive inflation rate during a global crisis?
• How the composition of a market affects its productivity.
• How do industries survive during an economic recession?

Hot Microeconomic Topics For Research

• The impact of changing demands on the operation of small businesses
• Factors of supply that affect personal households and enterprises
• What are the unique characteristics of the labor market of a town?
• How the work market impacts an average income individual
• Analyze the influence of buyers and sellers

Microeconomic Current Event Topics

• How can the world revive the falling economy?
• The impact of coronavirus prevention measures on microeconomics
• Government reforms after COVID-19 that can help jumpstart businesses
• The growth of online marketing and potential buyers
• Ways of keeping a business afloat during pandemics

Interesting Microeconomic Topics

• Discuss the law of diminishing returns in manufacturing industries.
• Why McDonald’s model is a cause for monopolistic competition
• How to lead a company from scratch to success
• How to maximize e-commerce trading for microeconomics
• Why there are many small-scale businesses over big scale companies

Microeconomic Theory Topics

• Discuss how the theory of Consumer Demand relates to consumer preference and choice
• Production factors involved in the Theory of Production Input Value
• How businesses determine the number of raw materials using the Production Theory
• Is the Theory of Opportunity Cost still viable today?
• Critically analyze the Neo-classical theory.

Microeconomic Paper Topics Econometrics

• How variables relate to each other
• The principle behind econometrics in microeconomics
• Discuss the intricacy of modern econometric techniques
• Econometric software used for the manipulation of large amounts of measured data
• Is it possible to achieve a general econometric equilibrium?

Microeconomic Paper Topics For Monopoly

• How technological monopoly is dominating the global market
• Discuss how natural monopoly is the new norm for businesses
• Evaluate the positive side of oligopoly
• How the government monopoly is killing businesses
• Is a legal monopoly the way to go for struggling businesses?

You can use any of the topics above for your microeconomic paper or seek professional writing help from our expert writers today.

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Microeconomics topic 2

Mar 31, 2019

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Microeconomics topic 2. Economics 2013-14. DEMAND. UTILITY. Consumers get satisfaction from goods and services. In economics this is called UTILITY . Three ways to measure utility are: How people react when consuming How much of the product they consume

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Presentation Transcript

Microeconomicstopic 2 Economics 2013-14

UTILITY • Consumers get satisfaction from goods and services. • In economics this is called UTILITY. • Three ways to measure utility are: • How people react when consuming • How much of the product they consume • The price they are willing to pay.

UTILITY • Total utilityis the total satisfaction a consumer will get from consuming a product over a period of time. • Marginal utility is the satisfaction gained from consuming an extra unit of a product. • Total utility is the total of the marginal utilities gained from each unit consumed.

DIMINISHING MARGINAL UTILITY • As someone consumes more of a product the utility gained from each extra unit decreases. • Total utility will continue to increase but at a slower rate, until a maximum is reached. • At this point there is no more satisfaction to be gained from consuming more of the product. Marginal utility will be zero.

If price was £2.00 the consumer would be willing to buy 1 pint because he gets £2 worth of satisfaction. • If the price was £1.80 he would be willing to buy 2 pints. He gets £2 worth of utility from the first pint and £1.80’s worth from the second.

The information can be shown as a demand schedule. • This shows how much a consumer would be willing to buy at a range of prices.

CONSUMER SURPLUS • This is the difference between how much a consumer would be prepared to pay and what is actually paid. • If the price of beer was £1.80 a pint, the consumer would buy 2 pints. He was prepared to pay £2 for the first pint so he gets 20p of utility free, a consumer surplus of 20p

RATIONAL CONSUMER BEHAVIOUR • Economists believe that consumers act in a rational way. • This means they want the best value for money. • Not always possible due to: • imperfect knowledge • Action of other people • Lack of self-control.

Assuming rational behaviour, a consumer will achieve maximum utility when the marginal utility spent on the last unit of each good is equal • This is called EQUI-MARGINAL RETURNS

Demand • Demand (or effective demand) is the quantity of a good or service which a consumer is ABLE and WILLING to buy at a particular price over a certain period of time. • Two types of demand exist: • INDIVIDUAL DEMAND – this is demand of one person for a product. • MARKET DEMAND – this is all the individual demand added together.

THE LAW OF DEMAND • The Law of Demand states: • that as the price of a product increases the demand for it will fall. • This happens for two reasons: • INCOME EFFECT – as the price of a product increases then a person’s real income falls. They are not ABLE to buy the same amount. • SUBSTIUTION EFFECT – as the price of a product increases people will swap to goods that are close to the original product. They are less WILLING to buy.

DEMAND CURVES • The demand curve slopes downward from left to right. • It shows that as price increases the quantity demand falls and vice versa.

PRICE D TYPICAL DEMAND CURVE P1 P D Q1 Q QUANTITY

EXCEPTIONS TO THE LAW OF DEMAND These are goods or services where demand rises as price increases. • Goods of prestige, e.g. designer goods • Assumption of a link between price and quality – higher the price the better the quality. • Expectation of future price rises, e.g. buying shares. • Giffen goods – highly inferior goods, e.g. rice and potatoes.

EXCEPTIONS DEMAND CURVE PRICE QUANTITY

The demand curve for the exceptions to the Law of Demand will slope upwards to begin with. • Eventually though it will resume the normal shape as the income effect kicks in.

IT IS IMPORTANT TO REMEMBER THAT WHEN IT IS PRICE THAT CHANGES IT IS A MOVEMENT ALONG THE DEMAND CURVE. • INCREASE IN PRICE IS A CONTRACTION IN DEMAND. • DECREASE IN PRICE IS AN EXTENSION IN DEMAND. • DEMAND IS SAID TO HAVE RISEN BUT NEVER INCREASED!

CONDITIONS OF DEMAND CETERIS PARIBUS - This is Latin for other things remaining the same. It means that in Economics there is only ever one changing variable at a time. • Price is only one factor that might change the demand of a product, in reality there are many other factors.

OTHER CONDITIONS OF DEMAND • Disposable Income • demand for normal goods/inferior goods • Other goods • price goes up for one/effect on another e.g. Tea/Coffee • Effects on complimentary goods e.g. strawberries and cream • Population • Changes effects demand e.g. age • Tastes and preferences • fashionable goods; advertising campaign effects

EFFECT ON THE DEMAND CURVE • When it is a condition of demand, the demand curve will either shift to the left (decrease in demand) or shift to the right (increase in demand). • REMEMBER CETERIS PARIBUS. If it is a condition of demand price stays the same.

ELASTICITY OF DEMAND • Two types exist: • Price elasticity • Income elasticity

PRICE ELASTICITY OF DEMAND • This measures how responsive demand is to a change in price. • Measures how consumers react to the change of the price of a product. • FORMULA: • PED = % change in demand % change in price

ANSWERS • If PED is greater than 1, demand is very responsive to a change in price. Demand is PRICE ELASTIC • If the PED is less than 1, demand is not responsive to a change in price. Demand is PRICE INELASTIC. • If PED is 0, demand hasn’t changed, then demand is PERFECTLY INELASTIC. • If PED is equal to infinity, demand has changed without a change in price, the demand is PERFECT ELASTIC. • If PED is equal to 1, then demand has UNITARY ELASTICITY.

IMPORTANCE OF PRICE ELASTICITY • Firms really need to know about the elasticity of demand as it helps determine whether they should increase or decrease its prices. • Government need to know about it to determine whether to increase or decrease taxation.

PRICE ELASTIC DEMAND • When demand is price elastic it would be better for the firm to decrease the price. • Elastic demand means that even when there is a small change in price there is a big change in demand. • If the firm was to increase the price the revenue gained from the increase in price would be less than the revenue lost as a result of the drop in demand.

PRICE ELASTIC DEMAND DIAGRAM D P1 Revenue Gain P D Revenue Loss Q1 Q

PRICE INELASTIC DEMAND • In this situation the firm would increase the price. • Inelastic demand means that even when there is a big change in price there is only a small change in demand. • The revenue lost from the small change in demand is outweighed by the revenue gained from the change in price. So total revenue will increase.

PRICE INELASTIC DEMAND DIAGRAM D P1 Revenue Gain P D Revenue Loss Q1 Q

FACTORS AFFECTING PRICE ELASTICITY OF DEMAND • Availability of substitutes – a product with a lot of substitutes will have elastic demand e.g. Nescafe. • Price relative to total spending – e.g. matches • Habit – any product that a consumer considers to be a necessity, then demand will be price inelastic. e.g. Petrol • Fashion – goods which are highly fashionable would be price inelastic e.g. IPhone • Frequency of purchase – products bought regularly would have price inelastic demand e.g. Milk

INCOME ELASTICITY OF DEMAND • This measures the responsiveness of demand to changes in income. • FORMULA: • IED = % change in demand % change in income

ANSWERS • When a person’s income increases by 10% it does not mean that they will buy 10% more than before. • Some commodities will still be unaffordable – 0 income elasticity • Some products they will be no more or no less of e.g. newspaper – 0income elasticity • Some products they may only buy a little more of, e.g. food. These have income inelastic demand. • Some goods and services they will buy a lot more of, e.g. nights out. These have income elastic demand.

ANSWERS • Both income elastic and income inelastic demand are said to have POSTIVE INCOME ELASTICITY • Some products the consumer will buy less of, inferiors goods such as own brands. These have NEGATIVE INCOME ELASTICITY.

IMPORTANCE OF INCOME ELASTICITY • If a seller knows the income elasticity of their products they can predict what would happen to their products if incomes changed and how this would affect their revenue. • Also helps the government predict changes in revenue from taxes on products.

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