More Pitfalls in Demand and Supply Curve Analysis

In this paper is analyzed the demand and supply side from the perspective of Marxist theory. The supply and demand side is both analyzed with their respective characteristics in capitalism, socialism and in a mixed economy. The possibilities of a macroeconomic equilibrium by considering the following concepts such as commodity, value, price, profit are analyzed. The aim of this paper is: to develop through a non-exhaustive analysis, the common features and differences between macroeconomic models of the aggregate market in the two systems, to build the aggregate market of a macroeconomic model by taking into account these characteristics and to emphasize its importance for the economy. In conclusion, differences between concepts related to macroeconomic equilibrium were identified. A new equilibrium model for the socialist and capitalist model was built. In centralized economies, demand and supply curve lies in a parallel curve with the X-axis, were domestic product is placed. In the market economy model, the demand and supply curve has a positive slope and stretch simultaneously over the market price line. They do not intersect with each other as in the Classical and Keynesian model. This market model applies to the economy. It allows governments, central banks, research institutions, universities, various researchers, etc. to analyze macroeconomic indicators. In this paper, the model is applied to the Albanian economy. In this paper, we used the methods of analysis and synthesis, comparison and description, the method of creating virtual market models, etc.

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The International Coal Trade and Price Outlook

Energy Exploration & Exploitation ◽

10.1177/014459878800600603 ◽

1988 ◽

Vol 6 (6) ◽

pp. 425-436 ◽

Cited By ~ 1

Author(s):

Guy Doyle

Keyword(s):

Oil Prices ◽

Supply Curve ◽

Demand And Supply ◽

Coal Price ◽

Thermal Coal ◽

Price Trends ◽

Coal Market ◽

Recent Trends ◽

World Supply ◽

Future Demand

The paper starts with a brief review of recent trends in the international coal market and an examination of the linkage between coal and oil prices. It is argued that while oil prices had a significant impact on coal prices in the 1973–87 period, future coal price trends will be driven more by demand and supply developments in the coal market itself. Taking thermal coal as an example, future demand and supply developments are examined. Demand and supply are brought together by using an aggregate world supply curve. The plausible range of prices for 2000 is determined by reading off the supply curve at the appropriate projected demand levels.

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The micro-economics of foster care in South Australia

Children Australia ◽

10.1017/s1035077200005046 ◽

2002 ◽

Vol 27 (2) ◽

pp. 29-34 ◽

Cited By ~ 3

Author(s):

Paul H. Delfabbro ◽

James G. Barber

Keyword(s):

Foster Care ◽

Residential Care ◽

Supply And Demand ◽

South Australia ◽

Curve Analysis ◽

Supply Curve ◽

Short Term ◽

Market Segments ◽

Foster Care System ◽

Alternative Solutions

The South Australian foster care system is plagued by problems of both supply and demand. Decreases in the availability of residential care and suitably trained foster carers has led to a shortage of placements to meet current demand. At the same time, increased selectivity in the intake of children into care has led to an over-concentration of more challenging children who either cannot be placed in foster care, or are being placed with the support of significantly higher loadings or payments. In this paper, it is argued that these problems can be understood conceptually using basic micro-economic principles, namely: demand-supply curve analysis, separation of market segments, and supply elasticity. It is argued that the supply of placements has become increasingly price-inelastic due to the nature of demand (the type of child), and that increasing short-term payment rates only serves to magnify the problem by artificially maintaining unsuitable care arrangements. Alternative solutions, such as the introduction of training and professional foster carers, are discussed.

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