What Market Equilibrium is All About

What Market Equilibrium is All About
A WebQuest for Introductory Economics in Any course (Economics 101)
Designed by
Grace Edmar Elizar-del Prado, MA Economics
grace_vijaya@yahoo.com

Introduction Task Process Evaluation Conclusion Credits Teacher Page

Introduction
The idea of equilibrium in Economics is borrowed from the field of Physics. In physics, equilibrium is signifying a state of ‘rest’. The law of motion states that any body at rest stays at rest unless another body allows it to change the current state, and or any body in motion remains in motion unless another body puts it to rest. The same idea is used to understand market equilibrium. The market stays unsettled unless it finds the equilibrating value.
This is what we are going discuss this one and half hours of lecture discussion.

References worth looking at are the following:
http://www.moneyinstructor.com/finance.asp
http://www.mises.org/story/2207
http://www.socialstudiesforkids.com/articles/economics/supplyanddemand1.htm
Samuelson, Paul and William D. Nordhaus. Economics,16th ed., Mc-Grawhill, Inc, 1998.

Last updated on August 15, 1999. Based on a template from The WebQuest Page