Macroeconomia samuelson
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44 PARTE 1 COYCEPTOS BÁSICCS
LA INESTABILIDAD DE LOS MERCADOS
Los mercadas se parecen al tiempo meteorológico. Siempre están cam- bia~do, son dinámiccs e impredecibles, experimentan frecuentes periodos de tormenta y de calma, son complejos y fascinantes. Al igual que el tiempo meteorológico, su estudio minucioso también muestra la existencia de algunas fuerzas y patrones bajo l a fluctuaciones diarias y aparente- mente aleatcrias. El kitnimento esencial para comprender las oscilaciones de .os precios y de los niveles de producción de un mercado se denomina análisis de la oferta 1 la demmda.
Tornemos el ejemplo de los precios de la gasolina, mostrado en la Fi- guIa 3. l. (Muestra el aprecio real de la gasolina», es decir, el precio co- rregido para tener en cuenta 1 s variaci~nes del nivel general de precios.) La demar& de gaso-ina y de otros productos derivados del petróleo au- mentó bruscamente ldespués de la Segunda Guerra Mundial al enamo- rarse la genre del automóvil 1 trasladarse cada vez m8s a vivir a los ba- rios residenciales. hlás tarde, en los años setenta las restricciones de la oferta, las guerras e m e los productores y las revoluciones redujeron la producción, lo que disparó Los precios entre 1973 y 1979. Posterior- me~te, como consecuencia de la conservación de la energía, de la fabri- cación de automóviles más pequeños y de las guerras de precios, el pre- cio real de la gasolina bajó ~~ruscamente, pasando de unos 2,50$ por galljn en 1980 a 1,40$ en 19%.
¿Qué hay detrás de estos espectaculares cambios? La economía tiene un poderosí~imo instrumento para explicar éstos y otros muchos carn- bios del entorno económico. Se denomina teoría de la oferta y la de- maada. Esta teoría muestra qiie las preferencias de los consumidores de- terminan su demanda de mercancías, mientras que los costes de las empresas cmstituyer. la base de la oferta de mercancías. El precio de la gasdina subió o bien porque s.^ demanda había aumentado, o bien porque su oferta había disminuido. Lc mismo ocurre en todos los mercados, des- de las comptadoras hasta los diamantes y la tierra: las variaciones de la oferta y de la demanda alteran la producción y los precios. Si el lector en- tiende cómo funcionan la oferta y la demanda, comprenderá mucho mejor las rconomíss de mercado.
En este capítulo introducimos los conceptos de oferta y demanda y mostramos cómo funzionan en el mercado competitivo de un bien deter- mifiado. Comenzamos con las curvas de demanda y a continuación anali- zarnos las de oferta. Utilizando estos kstrumentos básicos, vemos que el precio de mercado se determina (o alcanza su equilibio competitivo) en el punto en que se cortan estas cos curvas, es decir, en el punto en que las
fuerzas de la oferta y la demanda se equilibran exactamente. Es la varia- ción de los precios, el mecanismo de los precios, el que equilibra la ofer- ta y la demanda. Terminamos el capítulo con algunos ejemplos que mues- tran cómo se aplica el análisis de la oferta y la demanda.
Figura 3.1. LA VOLATILIDAD DEL PRECIO DE LA GASOLINA
Los precios de la gasolina han experimentado muchas'luctuaciones en las tres últi- masdécadas. El pequefic ascenso que se observa al final -la subida del precio antes de las elecciones presidenciales de Estados Unidos de 1996- llevó a muchos a for- mular acusaciones de especulación y a pedir una reducción del impuesto federal so- bre la gasolina. Es facil comprender el malestar social que provocaron las enormes subidas de los precios de los anos setenta. LE oferta y la demanda son fundamenta- les para comprender estas tendencias. (Fuente: U.S. Department of Energy y U.S. De- partnent of Lsbor; el precio de la gasolina se ha convertido a precios de 1996 utili- zando el índice de precios de concumo.)
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