EconGuru Economics Guide » Economics Diagrams http://www.econguru.com Your premium source of Economics, Finance and Business knowledge Thu, 01 Dec 2011 04:32:20 +0000 en hourly 1 http://wordpress.org/?v=3.3.1 Supply demand curve: right shift demand http://www.econguru.com/supply-demand-curve-right-shift-demand/ http://www.econguru.com/supply-demand-curve-right-shift-demand/#comments Sun, 25 Jan 2009 16:29:54 +0000 Yang Yang http://www.econguru.com/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.

Supply demand right shift demand

]]> http://www.econguru.com/supply-demand-curve-right-shift-demand/feed/ 1 Heat Map of Worldwide GDP Real Growth Rate 2007 http://www.econguru.com/heat-map-of-worldwide-gdp-real-growth-rate-2007/ http://www.econguru.com/heat-map-of-worldwide-gdp-real-growth-rate-2007/#comments Sun, 25 Jan 2009 16:27:17 +0000 Yang Yang http://www.econguru.com/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

GDP real growth rate 2007 CIA Factbook

]]> http://www.econguru.com/heat-map-of-worldwide-gdp-real-growth-rate-2007/feed/ 0 Heat Map of Worldwide GDP (PPP) Per Capita 2008 http://www.econguru.com/heat-map-of-worldwide-gdp-ppp-per-capita-2008/ http://www.econguru.com/heat-map-of-worldwide-gdp-ppp-per-capita-2008/#comments Sun, 25 Jan 2009 16:25:48 +0000 Yang Yang http://www.econguru.com/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

GDP PPP Per Capita Worldmap 2008 CIA Factbook

]]> http://www.econguru.com/heat-map-of-worldwide-gdp-ppp-per-capita-2008/feed/ 0 Law of Diminishing Marginal Utility http://www.econguru.com/law-of-diminishing-marginal-utility/ http://www.econguru.com/law-of-diminishing-marginal-utility/#comments Sun, 25 Jan 2009 16:22:06 +0000 Yang Yang http://www.econguru.com/law-of-diminishing-marginal-utility/ Law of Diminishing Marginal Utility

Q – quantity of good
TU – total utility
MU – marginal utility (ΔTU)

Marginal utility

Author: Pawel Zdziarski (faxe)

]]> http://www.econguru.com/law-of-diminishing-marginal-utility/feed/ 1 The Macroeconomics Circulation Flowchart http://www.econguru.com/the-macroeconomics-circulation-flowchart/ http://www.econguru.com/the-macroeconomics-circulation-flowchart/#comments Sat, 24 Jan 2009 15:30:10 +0000 Yang Yang http://www.econguru.com/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.

Circulation in macroeconomics

]]> http://www.econguru.com/the-macroeconomics-circulation-flowchart/feed/ 0 Circular flow of income http://www.econguru.com/circular-flow-of-income/ http://www.econguru.com/circular-flow-of-income/#comments Sat, 24 Jan 2009 15:24:42 +0000 Yang Yang http://www.econguru.com/circular-flow-of-income/ Firms and households interact and exchange resources in the big Circular Flow of Income illustrated by the diagram below.

The reciprocal circulation of income between consumers and producers is a simplified version of the big circle of money (resources in this sense) since households provide expenditures (they spend money) and factors of production to firms who provide households goods and services to consume.

Circular flow of income

 

]]> http://www.econguru.com/circular-flow-of-income/feed/ 1 2007 GDP Nominal Per Capita World Map (IMF) http://www.econguru.com/2007-gdp-nominal-per-capita-world-map-imf/ http://www.econguru.com/2007-gdp-nominal-per-capita-world-map-imf/#comments Wed, 22 Oct 2008 09:00:40 +0000 Yang Yang http://www.econguru.com/2007-gdp-nominal-per-capita-world-map-imf/ 2007 GDP Nominal Per Capita World Map

Data source: International Monetary Fund

2007 GDP Nominal Per Capita World Map (IMF)

]]> http://www.econguru.com/2007-gdp-nominal-per-capita-world-map-imf/feed/ 0 Resource circulation in the macroeconomic loops http://www.econguru.com/resource-circulation-in-the-macroeconomic-loop/ http://www.econguru.com/resource-circulation-in-the-macroeconomic-loop/#comments Thu, 01 May 2008 02:10:38 +0000 Yang Yang http://www.econguru.com/resource-circulation-in-the-macroeconomic-loop/ 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.

Resource circulation in the macroeconomic loop

Legends of the flows:

  • L stands for Labor.
  • W can be used to stand for Wage.
  • T stands for Tax.
  • Tr stands for Transfer payments.
  • G stands for Government expenditures.
  • S stands for Savings made available in financial markets for investment.
  • I stands for Investment from financial markets.
  • IM stands for Import from foreign economies.
  • X stands for eXport to foreign economies.
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