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Lecture Economics (6/e): Chapter 30 - Stephen L. Slavin-Kinh Te - Quan Ly

Chapter 30 - rent, interest, and profit. After studying this chapter you will be able to understand: What is land? Economic rent, are prices high because rents are high, or are rents high because prices are high? What is capital? How is the interest rate determined? The net productivity of capital, the capitalization of assets, the present value of future income, how are profits determined? Theories of profit.

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Tải Lecture Economics (6/e): Chapter 30 - Stephen L. S... (.pdf)

Chapter
30
Rent,
Interest,
and
Profit
Copyright
2002 by The McGraw­Hill Companies, Inc.
All rights reserved.
30­1
Chapter
Objectives
•
What
is
land?
•
Economic
rent
•
Are prices high because rents
high because prices are high?
are
high,
or
are
rents
•
What
is
capital?
•
How
is
the
interest
rate
determined?
•
The
net
productivity
of
capital
•
The
capitalization
of
assets
•
The
present
value
of
future
income
•
How
are
profits
determined?
•
Theories
of
profit
Copyright
2002 by The McGraw­Hill Companies, Inc.
All rights reserved.
30­2
What
Is
Rent?
•
What
is
land?
–
Land
is
a
resource
or
a
factor
of
production
–
The
owner
of
land
is
paid
rent
for
allowing
its
use
in
the
production
process
–
The
amount
of
rent
paid
for
a
piece
of
land
is
based
on
the
supply
of
and
the
demand
for
land
Copyright
2002 by The McGraw­Hill Companies, Inc.
All rights reserved.
30­3