ECON 1 Lecture Notes - Lecture 1: Fetishism, Cymbopogon, Business Cycle
Document Summary
2009-2011, income of top 1% grew by 11. 2%, that of bottom 99% shrank by 0. 4% There"s a great income inequality: economic concepts: Fact: b/w 2007 and 2010, hispanics fams lost 44% wealth, black fams. The two restaurants were monopolistically competitive because they sold a heterogeneous product, no barriers to entry, many firms. As time goes on, more and more businesses are likely to enter firm, driving economic profit to zero: the fight for classroom attention: professor vs. Argument for: according to dan weiss, students get distracted because the professor isn"t making material engaging enough. Argument against: laptops are a distraction; students intend on using laptops for notes, but typically get distracted surfing the internet, etc. Professors want to either ban laptops or control wifi and computer access: economic concepts. Laptop use = negatively related to academic success. 64. 3% of students reported to using laptops in at least 1 class period: economic concepts:
