Discussion article for the meetup : Canberra: Econ 101 and its Discontents
Nick will explain one of the most basic concepts in economics, the demand and supply curves, and how they interact to determine the price and quantity of goods produced. Then he will present a post-Keynesian critique of the demand and supply curve model that argues that demand curves can be any shape and that the supply curve can't be determined. The meta lesson will be in practicing reacting to new evidence against pre-existing beliefs, and comparing different models of reality. As always, vegan snacks will be provided.
General meetup info:
- If you use Facebook, please join our group.
- Structured meetups are held on the second Saturday and fourth Friday of each month from 6 pm until late in the CSIT building, room N101.