All Educational Materials for ECN 104 at Ryerson University

RYERSONECN 104Tsogbral GalabatrFall

ECN 104- Midterm Exam Guide - Comprehensive Notes for the exam ( 20 pages long!)

20 Page
5 Oct 2017
Economics is about how the society manages its limited resources. Firm"s must know what to produce, how to product and how much to produce. Scarcity-is
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RYERSONECN 104Winter

ECN 104- Midterm Exam Guide - Comprehensive Notes for the exam ( 59 pages long!)

59 Page
5 Oct 2017
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RYERSONECN 104Emilia BarbuFall

[ECN 104] - Midterm Exam Guide - Comprehensive Notes for the exam (55 pages long!)

55 Page
7 Feb 2017
2016-09-07 (cid:498)economics(cid:499) is from greek origin, means the management of resources. Finding the best use of resources given the constraints
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RYERSONECN 104Hakan ToksoyFall

[ECN 104] - Midterm Exam Guide - Everything you need to know! (63 pages long)

63 Page
7 Feb 2017
Economics: the social science concerned with how individual, institutions, and society make optimal (best) choices under condition of scarcity. Free wi
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RYERSONECN 104Hakan ToksoyFall

ECN 104 Study Guide - Comprehensive Midterm Guide: Macroeconomics, Nuclear Physics, Absolute Advantage

13 Page
5 Oct 2016
Natural resources used to produce goods and services. The physical and mental talents of individuals used in producing goods and services. Human-made r
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RYERSONECN 104Teresa FungFall

ECN 104 Study Guide - Comprehensive Midterm Guide: Human Resources, Physical Capital, Market Failure

22 Page
5 Oct 2016
Lecture 1: chapter 1 introduction to microeconomics. Example: given to buy dvds and books. What are the options if the price of a dvd is and the pric
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RYERSONECN 104German PupatoFall

ECN 104 Study Guide - Comprehensive Midterm Guide: Dysgeusia, Human Capital, Normal Good

16 Page
5 Oct 2016
Microeconomics: study individual decisions and how they interact. Individual choice is the decision by an individual of what to do, which necessarily i
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RYERSONECN 104German PupatoFall

ECN 104 Study Guide - Fall 2018, Comprehensive Midterm Notes -

30 Page
12 Oct 2018
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RYERSONECN 104Brennan ThompsonFall

ECN 104- Midterm Exam Guide - Comprehensive Notes for the exam ( 129 pages long!)

129 Page
5 Oct 2017
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RYERSONECN 104Winter

ECN 104- Final Exam Guide - Comprehensive Notes for the exam ( 59 pages long!)

59 Page
30 Nov 2017
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RYERSONECN 104AllFall

ECN 104 Study Guide - Midterm Guide: Comparative Advantage, Horse Length, Indifference Curve

5 Page
16 Oct 2018
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RYERSONECN 104AllFall

ECN 104 Study Guide - Midterm Guide: Absolute Advantage, Indifference Curve, Comparative Advantage

5 Page
16 Oct 2018
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RYERSONECN 104AllFall

ECN 104 Midterm: ECN104 Test Bank

6 Page
16 Oct 2018
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RYERSONECN 104AllFall

ECN 104 Study Guide - Midterm Guide: Inq Mobile, Complementary Good, Independent Goods

7 Page
16 Oct 2018
Page 1 of 7 increase: decrease, remain unchanged, although tire prices are likely to fall. remain unchanged, although tire prices are likely to rise. r
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RYERSONECN 104AllFall

ECN 104 Study Guide - Midterm Guide: Absolute Advantage, Comparative Advantage, Multiple Choice

5 Page
16 Oct 2018
A minimum of 2 marks was given if you wrote anything. In general: graphs worth 2 marks each if done correctly. 2 marks if you explained the price/deman
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RYERSONECN 104AllFall

ECN 104 Study Guide - Final Guide: Deadweight Loss, Ruby, Marginal Cost

38 Page
16 Oct 2018
Identify the choice that best completes the statement or answers the question. ___: a profit-maximizing firm in a competitive market is currently produ
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RYERSONECN 104AllFall

ECN 104 Study Guide - Midterm Guide: Inferior Good, Independent Goods, Opportunity Cost

7 Page
16 Oct 2018
Page 1 of 7 increase: decrease, remain unchanged, although tire prices are likely to fall. remain unchanged, although tire prices are likely to rise. r
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RYERSONECN 104AllFall

ECN 104 Study Guide - Final Guide: Aggregate Supply, Progressive Tax, Xenophobia

10 Page
16 Oct 2018
___: what is the opportunity cost of good y for a consumer whose budget line is given by the equation. 70 x + 40 y = 300 a. b. c. d: none of the above.
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RYERSONECN 104AllFall

ECN 104 Midterm: ECN104 Test Bank

6 Page
16 Oct 2018
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RYERSONECN 104AllFall

ECN 104 Study Guide - Midterm Guide: Economic Equilibrium, Demand Curve, Mira-Bhayandar Municipal Corporation

5 Page
16 Oct 2018
Answer all parts of questions 37 and 38. Suppose our economy has the following production possibilities: graph the ppc curve. You do not have to have a
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RYERSONECN 104Fall

ECN 104- Final Exam Guide - Comprehensive Notes for the exam ( 24 pages long!)

24 Page
29 Mar 2018
Microeconomics: the study of individual decisions and how they interact: questio(cid:374)s (cid:449)e"ll a(cid:374)s(cid:449)e(cid:396) i(cid:374) this
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RYERSONECN 104Fall

ECN 104 Study Guide - Midterm Guide: Externality, Inferior Good, Hypotenuse

21 Page
28 Feb 2018
Microeconomics: the study of individual decisions and how they interact: questions we"ll answer in this course include . Ppf would map out all the feas
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RYERSONECN 104Fall

ECN 104 Study Guide - Final Guide: Richard Thaler, Communication Problems, Planned Economy

30 Page
9 Dec 2015
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RYERSONECN 104Fall

ECN 104 Lecture Notes - Lecture 10: Monopoly Price, Public Utility, Natural Monopoly

3 Page
2 Dec 2015
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RYERSONECN 104Fall

ECN 104 Lecture Notes - Lecture 9: Marginal Revenue, Profit Maximization, Longrun

3 Page
25 Nov 2015
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RYERSONECN 104T B AFall

ECN 104 Lecture Notes - Lecture 8: Average Variable Cost, Allocative Efficiency, Diminishing Returns

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RYERSONECN 104Tsogbadral GalaabaatarWinter

ECN 104 Lecture Notes - Demand Curve, Absolute Advantage, Marginal Cost

39 Page
3 Mar 2013
Chapter 1: ten principle of economics 1/11/2013 9:55:00 am. The word economy comes from the greek work for one who manages a household . It must decide
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RYERSONECN 104Thomas BarbieroFall

ECN104 Lecture 3: ch3W

23 Page
2 Dec 2015
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RYERSONECN 104Vikraman BaskaranFall

ECN 104 Lecture Notes - Bonfire, Disinfectant, Protein Bar

10 Page
3 Oct 2012
Pages 5-15: we get the sense that this is a post-apocalyptic world. The ignorance of the natives towards common phrases and things. He is the last huma
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RYERSONECN 104Fall

ECN 104 Lecture Notes - Lecture 1: Budget Constraint, Full Employment, Marginal Utility

3 Page
21 Sep 2015
Ecn 104 - lecture 1 - limits, alternatives and choice. The economy as a whole and the standard of living. Resources can only be used for one purpose at
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RYERSONECN 104Winter

ECN 104 Lecture Notes - Normal Good, Inferior Good, Marginal Utility

6 Page
28 Mar 2013
Assignment 2 (each question is worth of 3. 5 points) Suppose that the price of wine she buys is equal to the price of cheese she buys. Refer to the dia
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RYERSONECN 104German PupatoFall

ECN104 Lecture 1: Assignment1_solutions

7 Page
14 Dec 2015
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RYERSONECN 104Fall

ECN 104 Lecture Notes - Lecture 7: Mental Accounting, Budget Constraint, Demand Curve

3 Page
4 Nov 2015
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RYERSONECN 104Fall

ECN 104 Lecture Notes - Lecture 10: Monopoly Price, Public Utility, Natural Monopoly

3 Page
2 Dec 2015
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RYERSONECN 104Fall

ECN 104 Lecture Notes - Lecture 9: Marginal Revenue, Profit Maximization, Longrun

3 Page
25 Nov 2015
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RYERSONECN 104Tom BarbieroSummer

ECN 104 Lecture Notes - Sales Promotion, Herfindahl Index, Natural Monopoly

7 Page
9 Jul 2013
Consider the following payoff matrix in which the numbers indicate the profit in millions of dollars for a duopoly based either on a high-price or a lo
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RYERSONECN 104Frank TrimnellWinter

ECN 104 Chapter Notes -High School Dropouts, Marginal Cost, French Wine

23 Page
10 Mar 2013
Test bank > control panel > pool manager > pool canvas. Select a question type from the add question drop-down list and click go to add questions. Use
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RYERSONECN 104Halis YildizFall

Chapter 1 to 4

59 Page
30 Nov 2011
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RYERSONECN 104Frank TrimnellFall

ECN 104 Chapter Notes - Chapter 10: Demand Curve, Root Mean Square, Externals

5 Page
23 Jul 2016
Externality: the uncompensated impact of ones person actions on the well-being of a bystander. If the impact on the bystander is adverse, it is called
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RYERSONECN 104Emilia BarbuFall

ECN 104 Chapter Notes - Chapter 1: Budget Constraint, Marginal Cost, Marginal Utility

10 Page
10 Dec 2016
Whenever our wants are greater than the resources to meet those wants, we have an economic problem. It is this reality that gives economists their uniq
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RYERSONECN 104Teresa FungFall

ECN 104 Chapter Notes - Chapter 7-12: Marginal Utility, Indifference Curve, Budget Constraint

22 Page
14 Feb 2018
Economic problem of consumers: limited income, unlimited wants, budget line provides options, consumers have different preferences of bundles on the bu
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RYERSONECN 104Teresa FungFall

ECN 104 Chapter Notes - Chapter 1-3, 6: Marginal Utility, Opportunity Cost, Limited Government

11 Page
14 Feb 2018
Chapter one: limits, alternatives, and choices: scarcity restricts options and requires us to make choices, decide what we must have and what we must g
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RYERSONECN 104Hakan ToksoyFall

ECN 104 Chapter Notes - Chapter 1-15: Planned Economy, Market System, Marginal Cost

24 Page
12 Jan 2017
Facing trade offs scarcity in relation to wants means you face trade-offs, therefore you have to make choices. Opportunity costs cost of the choice you
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RYERSONECN 104Hakan ToksoySpring

ECN 104 Chapter Notes - Chapter 11: Marginal Revenue, Demand Curve, Natural Monopoly

3 Page
12 Mar 2018
A monopoly is referred as a natural monopoly if the market demand curve intersects the long run atc curve at any point where average total cost is decl
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RYERSONECN 104Hakan ToksoySpring

ECN 104 Chapter Notes - Chapter 1: Opportunity Cost, Marginal Cost, Marginal Utility

5 Page
12 Mar 2018
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RYERSONECN 104Tsogbadral Galaabaatar

ECN 104 Chapter Notes - Chapter Chapter 4: Atkins Diet, Demand Curve, Normal Good

2 Page
2 May 2018
Ma(cid:396)ket- a g(cid:396)oup of (cid:271)u(cid:455)e(cid:396)s a(cid:374)d selle(cid:396)s of a pa(cid:396)ti(cid:272)ula(cid:396) p(cid:396)odu(cid
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RYERSONECN 104Frank TrimnellWinter

ECN 104 Study Guide - Midterm Guide: Luxury Goods, Price Ceiling, Substitute Good

12 Page
9 Mar 2013
Instructions: select the best answer for each multiple choice question and record the letter you have chosen on the scanner sheet. Answer all 60 questi
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RYERSONECN 104AllFall

ECN 104 Midterm: ECN104 Test Bank

6 Page
16 Oct 2018
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RYERSONECN 104Fall

ECN 104- Final Exam Guide - Comprehensive Notes for the exam ( 24 pages long!)

24 Page
29 Mar 2018
Microeconomics: the study of individual decisions and how they interact: questio(cid:374)s (cid:449)e"ll a(cid:374)s(cid:449)e(cid:396) i(cid:374) this
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RYERSONECN 104John IsbisterFall

[ECN 104] - Final Exam Guide - Comprehensive Notes for the exam (75 pages long!)

75 Page
1 Dec 2016
It is a science: there is a lot of math and predictions in the course. It is a social science/ study: it is the most scientific of the social sciences:
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RYERSONECN 104Fall

ECN 104 Study Guide - Final Guide: Deadweight Loss, Monopolistic Competition, Average Variable Cost

38 Page
14 Apr 2013
Identify the choice that best completes the statement or answers the question. ___: a profit-maximizing firm in a competitive market is currently produ
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RYERSONECN 104Paul MissiosFall

ECN 104 Study Guide - Quiz Guide: Form 10-Q, Opportunity Cost, Sunk Costs

19 Page
8 Dec 2014
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RYERSONECN 104Fall

ECN 104 Study Guide - Midterm Guide: Externality, Inferior Good, Hypotenuse

21 Page
28 Feb 2018
Microeconomics: the study of individual decisions and how they interact: questions we"ll answer in this course include . Ppf would map out all the feas
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RYERSONECN 104Tsogbadral GalaabaatarFall

[ECN 104] - Final Exam Guide - Everything you need to know! (47 pages long)

47 Page
30 Mar 2017
Scarcity: the limited nature of society"s resources. Natural resource, land and workers" time are all limited in its availability. Economics: is about
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RYERSONECN 104Hakan ToksoyFall

[ECN 104] - Midterm Exam Guide - Everything you need to know! (63 pages long)

63 Page
7 Feb 2017
Economics: the social science concerned with how individual, institutions, and society make optimal (best) choices under condition of scarcity. Free wi
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RYERSONECN 104Fall

ECN 104 Study Guide - Final Guide: Richard Thaler, Communication Problems, Planned Economy

30 Page
9 Dec 2015
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RYERSONECN 104Halis YildizFall

ECN 104 Lecture Notes - Lecture 3: Market Power, Demand Curve, Perfect Competition

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3 Dec 2019
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RYERSONECN 104Halis YildizFall

ECN 104 Lecture 1: Econ lecture 1

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3 Dec 2019
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RYERSONECN 104Winter

ECN 104 Study Guide - Midterm Guide: Toronto Stock Exchange, Demand Curve, Economic Equilibrium

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RYERSONECN 104Winter

ECN 104 Lecture 5: lecture 5 - notes

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23 Feb 2019
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RYERSONECN 104Winter

ECN 104 Lecture 2: Lecture 2 - Notes

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23 Feb 2019
Economic systems: a particular set of institutional arrangements and a coordinating mechanism for producing goods and services. Rely on decentralized d
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RYERSONECN 104Winter

ECN 104 Lecture 2: Lecture 2 - notes

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22 Feb 2019
A particular set of institutional arrangements and a coordinating mechanism for producing goods and services. Most property resources are owned by the
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RYERSONECN 104Winter

ECN 104 Lecture 1: Lecture 1 - notes

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RYERSONECN 104Fall

ECN 104 Lecture Notes - Lecture 1: Marginalism, Human Capital, Scientific Method

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The individual: facing trade-offs, opportunity costs, choosing a little more or less, the influence of incentives. Interaction among individuals: speci
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RYERSONECN 104Tsogbadral GalaabaatarWinter

ECN 104 Lecture Notes - Lecture 1: Taco, Seat Belt, Opportunity Cost

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9 Jan 2019
Principle #2: the cost of something is what you give up to. Get it: opportunity cost : what you give up to obtain something, to become a doctor, you ne
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RYERSONECN 104Teresa FungFall

ECN 104 Lecture Notes - Lecture 8: Marginal Utility, Demand Curve

1 Page
4 Dec 2018
The benefit or satisfaction form the consumption of goods and services. Marginal utility: extra satisfaction from consuming one more unit. Total utilit
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