Lecture Economics (6/e): Chapter 30 - Stephen L. Slavin

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.