Supply demand curve: right shift demand
With supply staying still and demand increasing (right shifting), both the price and quantity supplied are elevated. This is one of the most fundamental and classic graphs in Economics.
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Heat Map of Worldwide GDP Real Growth Rate 2007
Heat Map of Worldwide GDP Real Growth Rate 2007
Data source: 2007 CIA World Fact Book
Heat Map of Worldwide GDP (PPP) Per Capita 2008
Heat Map of Worldwide GDP (PPP) Per Capita 2008
Data source: 2008 CIA World Fact Book
Law of Diminishing Marginal Utility
Law of Diminishing Marginal Utility
Q – quantity of good
TU – total utility
MU – marginal utility (ΔTU)
The Macroeconomics Circulation Flowchart
From a macroeconomic perspective, households, government and firms (corporations) are the 3 fundamental players of money and resources. This flowchart diagram below illustrates how they interact and exchange resources.
Circular flow of income
Firms and households interact and exchange resources in the big Circular Flow of Income illustrated by the diagram below.
2007 GDP Nominal Per Capita World Map (IMF)
2007 GDP Nominal Per Capita World Map
Data source: International Monetary Fund
Resource circulation in the macroeconomic loops
This flow-chart diagram illustrates how governments, households, corporations and international entities interact in 3 major markets to run the economy as a whole: workforce market, financial market and commodity market.
