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All Educational Materials for ECON101 at University of Waterloo (UW)

UWECON101Nafeez FatimaFall

[ECON 101] - Final Exam Guide - Comprehensive Notes fot the exam (31 pages long!)

31 Page
29 Mar 2017
Qm * pm + qp * p p = y two goods: movie and pop two prices: pm and pp. Qp = 10 2qm ** draw this on a graph** movie on x-axis, pop on y-axis. Changes in
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UWECON101Zara LiaqatFall

ECON 101- Final Exam Guide - Comprehensive Notes for the exam ( 34 pages long!)

34 Page
30 Nov 2017
Economics is the social science that studies choices that individuals, businesses, government, and entire societies make as they cope with scarcity and
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UWECON101Olivia MestaFall

[ECON 101] - Final Exam Guide - Comprehensive Notes for the exam (127 pages long!)

127 Page
29 Nov 2016
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UWECON101Million TadesseFall

ECON 101- Final Exam Guide - Comprehensive Notes for the exam ( 61 pages long!)

61 Page
29 Mar 2018
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UWECON101Predrag RajsicFall

[ECON 101] - Final Exam Guide - Everything you need to know! (38 pages long)

38 Page
29 Mar 2017
Price elasticity of demand along a linear demand curve: Price of the good times quantity sold. Elasticity of demand and total revenue (same for expendi
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UWECON101Nafeez FatimaFall

[ECON 101] - Final Exam Guide - Everything you need to know! (33 pages long)

33 Page
1 Dec 2016
In chapter 1, we will try to answer the following questions: However, both human-made and natural resources (renewable and nonrenewable resources) are
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UWECON101wokiakumaseFall

ECON 101- Final Exam Guide - Comprehensive Notes for the exam ( 59 pages long!)

59 Page
30 Nov 2017
The social science that studies the choices that individuals, business, governments, and entire societies make as they cope with scarcity and the incen
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UWECON101Fall

[ECON 101] - Final Exam Guide - Ultimate 56 pages long Study Guide!

56 Page
29 Nov 2016
Efficiency the limited nature of the society"s resources study of how society manages its scarce resources. The property of society getting the most it
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UWECON101Nafeez FatimaFall

[ECON 101] - Final Exam Guide - Comprehensive Notes for the exam (34 pages long!)

34 Page
29 Nov 2016
Economics is the social science that studies the choices that individuals, businesses, governments, and entire societies make as they cope with scarcit
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UWECON101Predrag RajsicSpring

ECON 101- Final Exam Guide - Comprehensive Notes for the exam ( 40 pages long!)

40 Page
28 Mar 2018
All economic questions arise because we want more than we can get: what does this mean, example: time. Our inability to satisfy all our wants is called
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UWECON101AllFall

ECON101 Midterm: UW - ECON101 Exam 1 2009 Fall

29 Page
30 Nov 2018
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UWECON101AllFall

ECON101 Midterm: UW - ECON 101 Term Test 1 2000 Summer Solutions

11 Page
30 Nov 2018
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UWECON101AllFall

ECON101 Midterm: UW - ECON 101 Term Test 1 2000

11 Page
28 Nov 2018
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UWECON101AllFall

ECON101 Exam Solutions Fall 2018: Microeconomics, Marginal Cost, Marginal Utility

29 Page
5 Nov 2018
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UWECON101AllFall

ECON101 Exam Solutions Fall 2018: Perfect Competition, Outsourcing, Kilogram

29 Page
16 Oct 2018
Hhi = s1^2 + s2^2 + s3^2 + + sn^2 (where sn is the market share of the ith firm). The closer a market is to being a monopoly, the higher the market"s
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UWECON101AllFall

ECON101 Study Guide - Final Guide: Substitute Good, Budget Constraint, Informal Logic

10 Page
15 Oct 2018
Consider an economy with two individuals, agent 1 and agent 2, as well as government. The two agents value consumption goods and leisure. The preferenc
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UWECON101AllFall

ECON101 Final: ECON101 Final Exam Questions

18 Page
15 Oct 2018
The concert he will miss is ted"s ________ of studying for the exam: comparative cost, opportunity cost, discretionary cost, absolute cost, monetary co
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UWECON101AllFall

ECON101 Study Guide - Midterm Guide: Demand Curve, Economic Equilibrium, Monopolistic Competition

5 Page
15 Oct 2018
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UWECON101AllFall

ECON101 Study Guide - Midterm Guide: Shoplifting, Budget Constraint, Demand Curve

6 Page
15 Oct 2018
Do not write your name anywhere on the exam. The maximum points total is 20 + 2 bonus points. You have 90 minutes to complete the exam. Budget your tim
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UWECON101AllFall

ECON101 Study Guide - Midterm Guide: Comparative Advantage, Capital Accumulation, Inferior Good

11 Page
15 Oct 2018
Use the figure below to answer the following questions: refer to the production possibilities frontier in figure 2. 1. 2. Figure 2. 1. 2: 20 units of y
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UWECON101Nafeez FatimaFall

ECON101 Lecture Notes - Lecture 24: Monopolistic Competition, Capitalization Rate, Price Discrimination

3 Page
4 Dec 2018
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UWECON101Nafeez FatimaFall

ECON101 Study Guide - Final Guide: Spinach, Marginalism, Relative Price

OC256579150 Page
1 Dec 2018
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UWECON101Nafeez FatimaFall

ECON101 Lecture Notes - Lecture 25: Repeated Game, Demand Curve, Oligopoly

OC25657912 Page
29 Nov 2018
0
The demand curve is kinked at the current price and quantity. The firm assumes that if it raises its price, no price will change the price. The firm as
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UWECON101Nafeez FatimaFall

ECON101 Lecture Notes - Lecture 23: Marginal Revenue, Natural Monopoly, Demand Curve

4 Page
24 Nov 2018
Long run price is equal to average revenue or some shit. Efficient use of resources - discussed in chapter 6 changing tastes and advancing tech. If you
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UWECON101Nafeez FatimaFall

ECON101 Lecture Notes - Lecture 21: Profit Maximization

OC25657914 Page
16 Nov 2018
0
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UWECON101Nafeez FatimaFall

ECON101 Lecture Notes - Lecture 20: Production Function, Marginal Product, Market Power

OC25657913 Page
13 Nov 2018
0
Lecture 20: difference between short run and long run: In the short run, at least one of the inputs is fixed. In the long run, all inputs are variable.
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UWECON101Wokia KumaseFall

ECON101 Lecture Notes - Lecture 23: Monopolistic Competition, Natural Monopoly, Car Rental

5 Page
4 Dec 2015
Natural or legal barriers prevent the entry of new firms. Price setters (some sort of market power) Economies of scale and natural barriers to entry ca
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UWECON101Emanuel CarvalhoWinter

ECON101 Lecture Notes - Ronald Coase, Microsoft, Software

13 Page
20 Feb 2013
Firm: an institution that hires factors of production and organizes those factors to produce and sell goods and services. A firm"s goal is to maximize
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UWECON101Corey Van De WaalFall

ECON101 Lecture Notes - Lecture 9: Average Variable Cost, Marginal Revenue, Marginal Cost

2 Page
10 Nov 2018
Because marginal revenue is constant (horizontal) and marginal cost eventually increases as output increases, profit is maximized by producing the outp
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UWECON101Nafeez FatimaFall

ECON101 Lecture Notes - Lecture 24: Monopolistic Competition, Capitalization Rate, Price Discrimination

3 Page
4 Dec 2018
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UWECON101Wokia KumaseFall

ECON101 Lecture Notes - Lecture 1: Human Capital, Profit Margin, Planned Economy

3 Page
29 Sep 2015
Economics: a social science that deals with the allocation of limited resources to satisfy unlimited human wants. Incentive: a reward that encourages a
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UWECON101Wokia KumaseFall

ECON101 Lecture Notes - Lecture 9: Price Ceiling, Economic Equilibrium, Avoidance Speech

3 Page
15 Oct 2015
Price ceiling (price cap): illegal to charge a price higher than a specified level. The price ceiling is set below equilibrium price: ex. If equilibriu
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UWECON101Olivia MestaFall

ECON101 Lecture Notes - Lecture 10: In Essence, Average Cost, Average Variable Cost

12 Page
24 Sep 2016
13: the cost of production: the goal of firms is to maximize profit, which equals total revenue minus total cost, when analyzing a firm"s behaviour, it
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UWECON101Olivia MestaFall

ECON101 Lecture Notes - Lecture 7: The Planners, Economic Surplus, Demand Curve

10 Page
24 Sep 2016
7: consumer, producers & the efficiency of markets. Producer surplus can be computed by finding the area below the price and above the supply curve. An
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UWECON101Nafeez FatimaFall

ECON101 Lecture Notes - Lecture 23: Marginal Revenue, Natural Monopoly, Demand Curve

4 Page
24 Nov 2018
Long run price is equal to average revenue or some shit. Efficient use of resources - discussed in chapter 6 changing tastes and advancing tech. If you
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UWECON101Emanuel CarvalhoWinter

ECON101 Lecture Notes - Production Quota, Overproduction, Price Ceiling

9 Page
20 Feb 2013
Price ceiling (price cap): a regulation that makes it illegal to charge a price higher than a specific level. A price ceiling set above the equilibrium
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UWECON101Zara LiaqatSpring

ECON101 Chapter Notes - Chapter 2: Opportunity Cost, Technological Change, European Cooperation In Science And Technology

9 Page
30 Oct 2018
Canada has vast oil and natural gas resources and we produce much more energy than we consume. Will learn why it is smart to export some of our oil and
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UWECON101Fall

ECON101 Chapter Notes -Overproduction, Takers, Fixed Cost

32 Page
18 Oct 2012
Scarcity: the inability to satisfy all of our wants and needs. Incentive: a reward that encourages an action or a penalty that discourages one. Economi
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UWECON101Robert ParkFall

ECON101 Chapter Notes - Chapter 12: Competitive Equilibrium, Technological Change, Economic Surplus

4 Page
30 Dec 2016
Perfect competition arises if the minimum efficient scale of a single producer is small relative to the market demand for the good there"s room in the
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UWECON101wokiakumaseFall

ECON101 Chapter Notes - Chapter 13: Marginal Revenue, Average Cost, Legal Monopoly

8 Page
15 Dec 2017
Monopoly a market with a single firm that produces a good or service with no substitutes o. Protected by a barrier that prevents other firms from enter
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UWECON101Wokia KumaseFall

ECON101 Chapter Notes - Chapter 8: Neuroeconomics, Demand Curve, Prefrontal Cortex

6 Page
20 Nov 2017
The choices you make as a buyer of goods and services is influenced by many factors, which economists summarize as. Consumption possibilities are all t
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UWECON101Robert ParkFall

ECON101 Chapter Notes - Chapter 11: Average Cost, Diminishing Returns, Average Variable Cost

8 Page
17 Feb 2016
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UWECON101Robert ParkFall

ECON101 Chapter Notes - Chapter 14: Monopolistic Competition, Average Cost, Marginal Revenue

5 Page
17 Feb 2016
Each firm supplies a small part of the total industry output. Limited power to influence the price of its product. Can only deviate from the average pr
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UWECON101Nafeez FatimaFall

ECON101 Chapter Notes - Chapter 4: Dell, Inferior Good, Normal Good

6 Page
5 Jan 2017
Elasticity of demand: measure of the responsiveness of the quantity demanded of a good to a change in its price when all other influences on buying pla
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UWECON101Robert ParkFall

ECON101 Chapter Notes - Chapter 11: Average Variable Cost, Marginal Product, Marginal Cost

4 Page
18 Nov 2016
They must decide how much to produce. How much and what type of capital equipment to use. Firms make many decisions to achieve its main objective: prof
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UWECON101Corey Van De WaalFall

ECON101 Chapter 5: Chapter 5. Efficiency and Equity (1)

3 Page
29 Sep 2018
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UWECON101Nafeez FatimaFall

[ECON 101] - Final Exam Guide - Comprehensive Notes fot the exam (31 pages long!)

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29 Mar 2017
Qm * pm + qp * p p = y two goods: movie and pop two prices: pm and pp. Qp = 10 2qm ** draw this on a graph** movie on x-axis, pop on y-axis. Changes in
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UWECON101Million TadesseFall

ECON 101 Midterm: Term Test 1 - Fall 2017

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28 Feb 2018
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UWECON101Nafeez FatimaFall

[ECON 101] - Midterm Exam Guide - Comprehensive Notes for the exam (28 pages long!)

28 Page
5 Oct 2016
Economics is the social science that studies the choices that individuals, businesses, governments, and entire societies make as they cope with scarcit
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UWECON101Fall

ECON101 Study Guide - Final Guide: Price Fixing, Deadweight Loss, Competitive Equilibrium

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25 Aug 2015
A model of market structure where the force of competition is extreme and firms have no market power. Assumptions include many firms; identical product
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UWECON101Nafeez FatimaFall

[ECON 101] - Final Exam Guide - Everything you need to know! (33 pages long)

33 Page
1 Dec 2016
In chapter 1, we will try to answer the following questions: However, both human-made and natural resources (renewable and nonrenewable resources) are
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UWECON101Olivia MestaFall

[ECON 101] - Final Exam Guide - Comprehensive Notes for the exam (127 pages long!)

127 Page
29 Nov 2016
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UWECON101Zara LiaqatSpring

ECON101 Chapter Notes - Chapter 2: Opportunity Cost, Technological Change, European Cooperation In Science And Technology

9 Page
30 Oct 2018
Canada has vast oil and natural gas resources and we produce much more energy than we consume. Will learn why it is smart to export some of our oil and
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UWECON101Nafeez FatimaFall

[ECON 101] - Midterm Exam Guide - Ultimate 31 pages long Study Guide!

31 Page
6 Feb 2017
Qm * pm + qp * p p = y two goods: movie and pop two prices: pm and pp. Qp = 10 2qm ** draw this on a graph** movie on x-axis, pop on y-axis. Changes in
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UWECON101Million TadesseFall

ECON 101- Final Exam Guide - Comprehensive Notes for the exam ( 61 pages long!)

61 Page
29 Mar 2018
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UWECON101Predrag RajsicWinter

[ECON 101] - Final Exam Guide - Ultimate 33 pages long Study Guide!

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1 Dec 2016
Goods and services are the objects that people value and produce to satisfy human wants. The percentage of production in different industries (agricult
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ECON101 Lecture Notes - Lecture 1: John Maynard Keynes, Macroeconomics, Income Distribution

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