Filter By
Filter Reset
Semester
All Materials (1,778,173)
AUS (46,479)
Deakin (1,292)
Ratcliffe (12)

All Educational Materials for Ratcliffe

Economic Principles

MAE101 Lecture Notes - Lecture 6: Laffer Curve, Dwls, Economic Equilibrium

Week 6: Application: The costs of taxation: The effects of a tax In applying welfare economics to measure gains and losses from taxation, we must determine consumer, producer and total surplus as well as tax revenue with a...

Business and Law
MAE101
Ratcliffe
MAE101 Lecture Notes - Lecture 9: Metro Trains Melbourne, Social Inequality, Television Licensing In The United Kingdom

Week 9: Types of Competition Perfect Competition Monopolistic Oligopoly Monopoly Large number of Large no. of firms Small no. of firms One firm firms Differentiated Differentiated or Unique product Identical produc...

Business and Law
MAE101
Ratcliffe
MAE101 Lecture Notes - Lecture 7: Cost Curve, Opportunity Cost, W. M. Keck Observatory

Week 7: The costs of Production: E.g. Say you are General Motors Holden. What are 3 different costs you might a have? 1. Employee Wages 2. Machinery and Equipment costs 3. Utilities and operational expenses...

Business and Law
MAE101
Ratcliffe
MAE101 Lecture Notes - Lecture 8: Sunk Costs, Market Power, Perfect Competition

Week 8: Firms In competitive markets: Characteristics of Perfect Competition: 1. Many buyers and many sellers 2. The goods offered for sale are largely the same 3. Firms can freely enter or exit the marke...

Business and Law
MAE101
Ratcliffe
MAE101 Lecture Notes - Lecture 10: Oligopoly, Smog, Market Power

Week 10: Market failure = when the market mechanism does not produce the optimal level of output. This may be die to: - Market power (monopoly, oligopoly) - Public goods (unable t...

Business and Law
MAE101
Ratcliffe
MAE101 Study Guide - Final Guide: Comparative Advantage, Fixed Cost, Lead

Exam Revision Document: Definitions: Scarcity When unlimited wants exceed the limited resources available to fulfil those wants Positive Analysis Statements of fact that c...

Business and Law
MAE101
Ratcliffe
MAE101 Study Guide - Final Guide: Cheque, Leading, Normal Good

Economics Assignment: - Attach assignment attachment sheet - 12 pt. format and double spacing - 2000 words max - Due Monday 2 may nd - Harvard (name-date) Textbook defines opportunity...

Business and Law
MAE101
Ratcliffe
MAE101 Lecture Notes - Lecture 5: Opportunity Cost, Tax Incidence, Planned Economy

Week 5: Supply, Demand and Government Policies Government Policies that alter the Private Market Outcome: 1. Price Controls Policies enacted by the government when it is believed the market price is unfair to either buyer...

Business and Law
MAE101
Ratcliffe
MAE101 Lecture Notes - Lecture 4: Shortage, Snob, Economic Equilibrium

Week 3 Lecture Slide notes: The Market Forces of Supply and Demand A market = group of buyers and sellers of a particular product Competitive market = one with many buyers and sellers, each having a negligible effect on pr...

Business and Law
MAE101
Ratcliffe
MAE101 Lecture Notes - Lecture 2: Laundry Service, Normative Economics, Scientific Method

Chapter 2: Thinking like an Economist The economist as a scientist The scientific method: Observation, theory and more observation Economists use observation and theory just as scientists do. E.g. the theory that infla...

Business and Law
MAE101
Ratcliffe
MAE101 Lecture Notes - Lecture 1: Externality, Market Power, Marginal Cost

Week 1 Seminar: Harvard (Author-date) style referencing. Chapter 1: Ten lessons from economics Economics = the study of how society manages its scarce resources How people make decisions: Lesson 1: People face trad...

Business and Law
MAE101
Ratcliffe
MAE101 Lecture Notes - Lecture 3: Absolute Advantage, Opportunity Cost, Comparative Advantage

Chapter 3 Lecture How can trade make everyone better off? Why do nations choose to be economically interdependent? What is and how do these compare: - Absolute advantage - Comparative advantage Exports = g...

Business and Law
MAE101
Ratcliffe

Log In


OR

Don't have an account?

Join OneClass

Access over 10 million pages of study
documents for 1.3 million courses.

Sign up

Join to view


OR

By registering, I agree to the Terms and Privacy Policies
Already have an account?
Just a few more details

So we can recommend you notes for your school.

Reset Password

Please enter below the email address you registered with and we will send you a link to reset your password.

Add your courses

Get notes from the top students in your class.


Submit