1--- 2meta: 3 date: false 4 reading_time: false 5title: "Marshallian Demand" 6date: 2023-10-05 7description: "An explanation of Marshallian demand in economics, focusing on definitions, historical context, and major analytical frameworks." 8tags: ["Marshallian Demand", "Utility", "Demand Functions", "Economics"] 9--- 10 11## Background 12 13Marshallian demand refers to the demand for goods driven by the utility maximization of individuals subject to their budget constraints. This concept is named after the influential economist Alfred Marshall, who was instrumental in evolving the theory of demand in the late 19th and early 20th centuries.
1--- 2meta: 3 date: false 4 reading_time: false 5title: "Missing Market" 6date: 2023-10-10 7description: "The absence of a market for trading a good." 8tags: ["Economics", "Market Failure", "Externalities", "Pareto Efficiency"] 9--- 10 11## Background 12 13The concept of a missing market arises when there is an absence of a marketplace or system where a certain good or service can be traded. This gap can result from various factors such as legal restrictions, lack of demand, or inherent nature of the good or service.
1--- 2meta: 3 date: false 4 reading_time: false 5title: "Monetarism" 6date: 2023-10-05 7description: "An economic theory emphasizing the central role of the money supply in determining nominal incomes and economic stability." 8tags: ["Monetarism", "Economic Theory", "Money Supply", "Rational Expectations"] 9--- 10 11## Background 12 13Monetarism is an economic theory that stresses the influence of changes in the money supply on national output in the short run and on the price level over longer periods.
1--- 2meta: 3 date: false 4 reading_time: false 5title: "Monopoly Power" 6date: 2023-10-11 7description: "The degree of control that a seller can exercise over a market, indicated by industry concentration or price mark-up over marginal cost." 8tags: ["monopoly power", "market control", "economics"] 9--- 10 11## Background 12 13Monopoly power refers to a market scenario where a single seller or a firm has considerable control over the market in terms of dictating prices and excluding competition.
