https://johnzamen.com Wed, 20 Feb 2019 00:58:36 +0000 en hourly 1 http://wordpress.com/ 51443238 no false unlimited,wants,and,needs,limited,resources,scarcity,opportunity,costEconomics is defined as a social science that aims to satisfy how the society allocates it's scarce resources to satisfy the society's unlimited needs and wants in the most efficient way. Since resources are limited (scarce) and the needs and wants are unlimited, therefore, we can say that economics is the study of how people make choices.Episode 1 Defining EconomicsJohn M Zamen https://johnzamen.com/2019/02/20/podcast-40-movement-along-the-demand-or-supply-curve-vs-shift-of-a-demand-or-supply-curve/ https://johnzamen.com/2019/02/20/podcast-40-movement-along-the-demand-or-supply-curve-vs-shift-of-a-demand-or-supply-curve/#respond Wed, 20 Feb 2019 00:58:36 +0000 http://johnzamen.com/?p=1030 Welcome to another episode of my podcast. Movement along the demand or supply curve takes place when all factors affecting demand and supply are constant and Only the Price is changing. Whereas, shift of demand or supply curve occurs when Any other of the many factors (Non Price) affecting demand and supply changes.

]]> https://johnzamen.com/2019/02/20/podcast-40-movement-along-the-demand-or-supply-curve-vs-shift-of-a-demand-or-supply-curve/feed/ 0 68 1030johnzamen johnzamen false false Welcome to another episode of my podcast. Movement along the demand or supply curve takes place when all factors affecting demand and supply are constant and Only the Price is changing. Whereas, shift of demand or supply curve occurs when Any other of the many factors (Non Price) affecting demand and supply changes. Welcome to another episode of my podcast. Movement along the demand or supply curve takes place when all factors affecting demand and supply are constant and Only the Price is changing. Whereas, shift of demand or supply curve occurs when Any other of the many factors (Non Price) affecting demand and supply changes. johnzamen John M ZamenWelcome to another episode of my podcast. Movement along the demand or supply curve takes place when all factors affecting demand and supply are constant and Only the Price is changing. Whereas, shift of demand or supply curve occurs when Any other of the many factors (Non Price) affecting demand and supply changes.unlimited,wants,and,needs,limited,resources,scarcity,opportunity,cost https://johnzamen.com/2019/02/20/podcast-39-supply-vs-quantity-supplied/ https://johnzamen.com/2019/02/20/podcast-39-supply-vs-quantity-supplied/#respond Wed, 20 Feb 2019 00:51:37 +0000 http://johnzamen.com/?p=1027 Welcome to another episode of my podcast. Supply refers to the entire relationship between prices and the quantity of the product supplied at each of these prices ( think of the supply curve). Whereas Quantity supplied refers to one particular point on the supply curve ( not the entire curve), referring to how much of the product is supplied at one particular price.

]]> https://johnzamen.com/2019/02/20/podcast-39-supply-vs-quantity-supplied/feed/ 0 25 1027johnzamen johnzamen false false Welcome to another episode of my podcast. Supply refers to the entire relationship between prices and the quantity of the product supplied at each of these prices ( think of the supply curve). Whereas Quantity supplied refers to one particular point on the supply curve ( not the entire curve), referring to how much of […] Welcome to another episode of my podcast. Supply refers to the entire relationship between prices and the quantity of the product supplied at each of these prices ( think of the supply curve). Whereas Quantity supplied refers to one particular point on the supply curve ( not the entire curve), referring to how much of […] johnzamen John M ZamenWelcome to another episode of my podcast. Supply refers to the entire relationship between prices and the quantity of the product supplied at each of these prices ( think of the supply curve). Whereas Quantity supplied refers to one particular point on the supply curve ( not the entire curve), referring to how much of […]unlimited,wants,and,needs,limited,resources,scarcity,opportunity,cost https://johnzamen.com/2019/02/20/podcast-38-number-of-sellers-as-a-non-price-determinant-of-supply/ https://johnzamen.com/2019/02/20/podcast-38-number-of-sellers-as-a-non-price-determinant-of-supply/#respond Tue, 19 Feb 2019 23:59:43 +0000 http://johnzamen.com/?p=1024 Welcome to another episode of my podcast. An increase in supply occurs when more is supplied at each price and vice versa, this could occur due to change in number of sellers in the market ( population of sellers).

]]> https://johnzamen.com/2019/02/20/podcast-38-number-of-sellers-as-a-non-price-determinant-of-supply/feed/ 0 44 1024johnzamen johnzamen false false Welcome to another episode of my podcast. An increase in supply occurs when more is supplied at each price and vice versa, this could occur due to change in number of sellers in the market ( population of sellers). Welcome to another episode of my podcast. An increase in supply occurs when more is supplied at each price and vice versa, this could occur due to change in number of sellers in the market ( population of sellers). johnzamen John M ZamenWelcome to another episode of my podcast. An increase in supply occurs when more is supplied at each price and vice versa, this could occur due to change in number of sellers in the market ( population of sellers).unlimited,wants,and,needs,limited,resources,scarcity,opportunity,cost https://johnzamen.com/2019/02/20/podcast-37-expectation-as-a-non-price-determinant-of-supply/ https://johnzamen.com/2019/02/20/podcast-37-expectation-as-a-non-price-determinant-of-supply/#respond Tue, 19 Feb 2019 23:57:32 +0000 http://johnzamen.com/?p=1021 Welcome to another episode of my podcast. An increase in supply occurs when more is supplied at each price and vice versa, this could occur due to change in expectations.

]]> https://johnzamen.com/2019/02/20/podcast-37-expectation-as-a-non-price-determinant-of-supply/feed/ 0 54 1021johnzamen johnzamen false false Welcome to another episode of my podcast. An increase in supply occurs when more is supplied at each price and vice versa, this could occur due to change in expectations. Welcome to another episode of my podcast. An increase in supply occurs when more is supplied at each price and vice versa, this could occur due to change in expectations. johnzamen John M ZamenWelcome to another episode of my podcast. An increase in supply occurs when more is supplied at each price and vice versa, this could occur due to change in expectations.unlimited,wants,and,needs,limited,resources,scarcity,opportunity,cost https://johnzamen.com/2019/02/20/podcast-36-technology-as-a-non-price-determinant-of-supply/ https://johnzamen.com/2019/02/20/podcast-36-technology-as-a-non-price-determinant-of-supply/#respond Tue, 19 Feb 2019 23:55:45 +0000 http://johnzamen.com/?p=1018 Welcome to another episode of my podcast. An increase in supply occurs when more is supplied at each price and vice versa, this could occur due to change in technology (Improved mechanisation).

]]> https://johnzamen.com/2019/02/20/podcast-36-technology-as-a-non-price-determinant-of-supply/feed/ 0 116 1018johnzamen johnzamen false false Welcome to another episode of my podcast. An increase in supply occurs when more is supplied at each price and vice versa, this could occur due to change in technology (Improved mechanisation). Welcome to another episode of my podcast. An increase in supply occurs when more is supplied at each price and vice versa, this could occur due to change in technology (Improved mechanisation). johnzamen John M ZamenWelcome to another episode of my podcast. An increase in supply occurs when more is supplied at each price and vice versa, this could occur due to change in technology (Improved mechanisation).unlimited,wants,and,needs,limited,resources,scarcity,opportunity,cost https://johnzamen.com/2019/02/20/podcast-35-input-prices-as-a-non-price-determinant-of-supply/ https://johnzamen.com/2019/02/20/podcast-35-input-prices-as-a-non-price-determinant-of-supply/#respond Tue, 19 Feb 2019 23:53:47 +0000 http://johnzamen.com/?p=1015 Welcome to another episode of my podcast. An increase in supply occurs when more is supplied at each price and vice versa, this could occur due to change in input prices (cost of production).

]]> https://johnzamen.com/2019/02/20/podcast-35-input-prices-as-a-non-price-determinant-of-supply/feed/ 0 67 1015johnzamen johnzamen false false Welcome to another episode of my podcast. An increase in supply occurs when more is supplied at each price and vice versa, this could occur due to change in input prices (cost of production). Welcome to another episode of my podcast. An increase in supply occurs when more is supplied at each price and vice versa, this could occur due to change in input prices (cost of production). johnzamen John M ZamenWelcome to another episode of my podcast. An increase in supply occurs when more is supplied at each price and vice versa, this could occur due to change in input prices (cost of production).unlimited,wants,and,needs,limited,resources,scarcity,opportunity,cost https://johnzamen.com/2019/02/20/podcast-34-price-factor-as-a-determinant-of-supply/ https://johnzamen.com/2019/02/20/podcast-34-price-factor-as-a-determinant-of-supply/#respond Tue, 19 Feb 2019 23:43:49 +0000 http://johnzamen.com/?p=1012 Welcome to another episode of my podcast. Supply means the quantities that a seller is willing and able to sell at different prices. It is oblivious that if the price goes up, the seller will offer more for sale and vice versa. Therefore, supply varies with price.

]]> https://johnzamen.com/2019/02/20/podcast-34-price-factor-as-a-determinant-of-supply/feed/ 0 52 1012johnzamen johnzamen false false Welcome to another episode of my podcast. Supply means the quantities that a seller is willing and able to sell at different prices. It is oblivious that if the price goes up, the seller will offer more for sale and vice versa. Therefore, supply varies with price. Welcome to another episode of my podcast. Supply means the quantities that a seller is willing and able to sell at different prices. It is oblivious that if the price goes up, the seller will offer more for sale and vice versa. Therefore, supply varies with price. johnzamen John M ZamenWelcome to another episode of my podcast. Supply means the quantities that a seller is willing and able to sell at different prices. It is oblivious that if the price goes up, the seller will offer more for sale and vice versa. Therefore, supply varies with price.unlimited,wants,and,needs,limited,resources,scarcity,opportunity,cost https://johnzamen.com/2019/02/20/podcast-33-supply-and-determinants-of-supply/ https://johnzamen.com/2019/02/20/podcast-33-supply-and-determinants-of-supply/#respond Tue, 19 Feb 2019 23:39:20 +0000 http://johnzamen.com/?p=1009 Welcome to another episode of my podcast. Supply is a fundamental economic concept that describes the total amount of a specific good or service that is available to consumers. Supply relate to amount available at a specific price or amount available across a range of prices. The factors of supply for a given product or service is related to price factor as well as Non Price factors such as price if inputs, technology, expectations and number of sellers.

]]> https://johnzamen.com/2019/02/20/podcast-33-supply-and-determinants-of-supply/feed/ 0 102 1009johnzamen johnzamen false false Welcome to another episode of my podcast. Supply is a fundamental economic concept that describes the total amount of a specific good or service that is available to consumers. Supply relate to amount available at a specific price or amount available across a range of prices. The factors of supply for a given product or […] Welcome to another episode of my podcast. Supply is a fundamental economic concept that describes the total amount of a specific good or service that is available to consumers. Supply relate to amount available at a specific price or amount available across a range of prices. The factors of supply for a given product or […] johnzamen John M ZamenWelcome to another episode of my podcast. Supply is a fundamental economic concept that describes the total amount of a specific good or service that is available to consumers. Supply relate to amount available at a specific price or amount available across a range of prices. The factors of supply for a given product or […]unlimited,wants,and,needs,limited,resources,scarcity,opportunity,cost https://johnzamen.com/2019/02/18/podcast-33-demand-vs-quantity-demanded/ https://johnzamen.com/2019/02/18/podcast-33-demand-vs-quantity-demanded/#respond Mon, 18 Feb 2019 01:31:06 +0000 http://johnzamen.com/?p=1006 Welcome to another episode of my podcast. This episode discusses the fundamental difference between demand and quantity demanded. Demand simply denotes the willingness and the person’s ability to purchase. Quantity demanded represents the amount goods and services desired by consumer at a fixed price.

]]> https://johnzamen.com/2019/02/18/podcast-33-demand-vs-quantity-demanded/feed/ 0 47 1006johnzamen johnzamen false false Welcome to another episode of my podcast. This episode discusses the fundamental difference between demand and quantity demanded. Demand simply denotes the willingness and the person’s ability to purchase. Quantity demanded represents the amount goods and services desired by consumer at a fixed price. Welcome to another episode of my podcast. This episode discusses the fundamental difference between demand and quantity demanded. Demand simply denotes the willingness and the person’s ability to purchase. Quantity demanded represents the amount goods and services desired by consumer at a fixed price. johnzamen John M ZamenWelcome to another episode of my podcast. This episode discusses the fundamental difference between demand and quantity demanded. Demand simply denotes the willingness and the person’s ability to purchase. Quantity demanded represents the amount goods and services desired by consumer at a fixed price.unlimited,wants,and,needs,limited,resources,scarcity,opportunity,cost https://johnzamen.com/2019/02/18/podcast-32-the-demand-curve/ https://johnzamen.com/2019/02/18/podcast-32-the-demand-curve/#respond Mon, 18 Feb 2019 01:26:19 +0000 http://johnzamen.com/?p=1003 Welcome to another episode of my podcast. If you were to plot out how many units you would buy at different prices, then you’ve created a demand curve. It graphically portrays the data in the demand schedule.

]]> https://johnzamen.com/2019/02/18/podcast-32-the-demand-curve/feed/ 0 137 1003johnzamen johnzamen false false Welcome to another episode of my podcast. If you were to plot out how many units you would buy at different prices, then you’ve created a demand curve. It graphically portrays the data in the demand schedule. Welcome to another episode of my podcast. If you were to plot out how many units you would buy at different prices, then you’ve created a demand curve. It graphically portrays the data in the demand schedule. johnzamen John M ZamenWelcome to another episode of my podcast. If you were to plot out how many units you would buy at different prices, then you’ve created a demand curve. It graphically portrays the data in the demand schedule.unlimited,wants,and,needs,limited,resources,scarcity,opportunity,cost