Lecture Microeconomics (20/e): Chapter 16 - Campbell R. McConnell, Stanley L. Brue, Sean M. Flynn

Chapter 16 - Rent, interest, and profit. In this chapter, we will define economic rent and explore the factors that impact its value. Then we will look at the price of money, or interest rates, and how the interest rates are determined using the loanable funds theory. Along with interest rates, we will investigate present and future values of money. Lastly, we will examine the role of profits in the allocation of resources.