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UBCECON 101Ratna ShresthaFall

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

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Economics is the study of: how society manages its scarce resources, scarcity occurs when available resources cannot meet demand, how people make decis
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UBCECON 101Anichul KhanFall

[ECON 101] - Final Exam Guide - Ultimate 114 pages long Study Guide!

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Firms face the force of raw competition. Perfect competition: many firms sell identical products to many buyers, there are no restrictions on entry int
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UBCECON 101Robert GatemanWinter

[ECON 101] - Final Exam Guide - Everything you need to know! (74 pages long)

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Unlimited wants: opportunity cost, bene t forgone, next best choice, every time when choice is made. Sunday, 25 september 2016: respond to incentives,
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UBCECON 101Robert GatemanFall

ECON 101- Final Exam Guide - Comprehensive Notes for the exam ( 119 pages long!)

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Unlimited wants: opportunity cost, bene t forgone, next best choice, every time when choice is made. !2: respond to incentives, motivated by self-inter
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UBCECON 101Wai- Ching KongWinter

ECON 101- Final Exam Guide - Comprehensive Notes for the exam ( 25 pages long!)

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UBCECON 101Cheryl FUFall

ECON 101 Study Guide - Fall 2018, Comprehensive Term Test Notes -

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UBCECON 101Anichul KhanFall

ECON 101 Study Guide - Fall 2018, Comprehensive Midterm Notes -

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UBCECON 101Anichul KhanFall

ECON 101 Study Guide - Fall 2018, Comprehensive Midterm Notes -

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UBCECON 101Anichul KhanFall

ECON 101 Study Guide - Comprehensive Midterm Guide: Marginal Utility, Marginal Cost, Opportunity Cost

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Deals with society + scarcity (inability to get all that we want) Bc of limited things/situations/scarcity we make choices. Choice depends on incentive
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UBCECON 101Robert GatemanFall

ECON 101 Study Guide - Final Guide: Opportunity Cost, Average Variable Cost, Externality

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UBCECON 101Marina AdshadeWinter

ECON 101 Lecture Notes - Lecture 11: Price Ceiling, Price Floor

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Government sometimes use price controls when they think the price produce by the free market, that is, the equilibrium, is inappropriate. For example,
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UBCECON 101Anichul KhanFall

ECON 101 Lecture 38: ECON 101 001 - Lecture 38 - Price Discrimination in Monopolies

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UBCECON 101Robert GatemanFall

ECON 101 Lecture Notes - Lecture 4: Ceteris Paribus, Normal Good, Inferior Good

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Econ 101 lecture 4 elasticity: price elasticity of demand, measurement i. ii. iii. iv. v. Price elasticity of demand where e = location and inclination
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UBCECON 101Marina AdshadeWinter

ECON 101 Lecture Notes - Lecture 4: Opportunity Cost, Microeconomics, American Economic Association

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Econ 101 - lecture #4 - production possibilities frontier, general principles of. No, there is not, it just outlines the probabilities of production, a
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UBCECON 101Anichul KhanFall

ECON 101 Lecture 37: ECON 101 001 - Lecture 37 - Monopoly vs Competition

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UBCECON 101Anichul KhanFall

ECON 101 Lecture 1: ECONOMICS 101 NOTES BRUNO ARAQUE

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Inability to satisfy all of our wants= scarcity. Because of scarcity you have to make choices. The choices we make depend on our incentives. Definition
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UBCECON 101Robert GatemanFall

ECON 101 Lecture Notes - Lecture 13: Market Power, Demand Curve, Takers

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Econ 101 lecture 13 monopoly: theory of monopoly: single price, assumptions of monopoly. There is no competition in monopoly i: monopoly market structu
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UBCECON 101Nisha Malhotra

ECON 101 Lecture 1: ECON-101 Lecture 1 Notes – Introduction to Microeconomics

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UBCECON 101Anichul KhanFall

ECON 101 Lecture 3: KHAN - SEPT 14 - CH2

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UBCECON 101Marina AdshadeFall

ECON 101 Lecture Notes - Lecture 25: Fixed Cost, Market Power, Competitive Equilibrium

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Econ 101 lecture 25 monopolistic competition and game theory (oligopoly) They produce at a level below the minimum efficient scale in the long run. The
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UBCECON 101AllFall

ECON 101 Chapter Notes - Chapter 2: Opportunity Cost, Marginal Cost, Allocative Efficiency

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I multiple choices: _______ with increasing production of food, its marginal benefit. A restaurant has two specialties: roast chicken and bbq beef. Her
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UBCECON 101Robert GatemanFall

ECON 101 Chapter Notes - Chapter 1: Government Debt, Canadian Living, Opportunity Cost

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UBCECON 101Ratna ShresthaSummer

Econ101-2014 summer review.pdf

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What is the opportunity cost of one movie and the opportunity cost of one ice cream cone: the company that you manage has invested million in developi
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UBCECON 101Robert GatemanWinter

ECON 101 Chapter 16: Market Failures & Government intervention

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The italic texts are quoted from the textbook. !2 i. in free markets producers have pro t incentives and tend to develop new products which may have la
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UBCECON 101Robert GatemanWinter

ECON 101 Chapter 7-8: Producers in Short Run & Long Run

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The italic texts are quoted from the textbook. Saturday, october 29, 2016 i. from other rms - electricity, steel ii. from the nature - land : services
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UBCECON 101Robert GatemanFall

ECON 101 Chapter Notes - Chapter 9: Sunk Costs, Game Theory, Variable Cost

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Market structure-all features of a market that affect the behavior of firms in that market. Competitive structure-firms have little or no market power.
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UBCECON 101Ratna ShresthaFall

ECON 101 Chapter Notes - Chapter 1: Predatory Pricing, Market Economy, Marginal Cost

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UBCECON 101Robert Gateman

ECON 101 Chapter Notes - Chapter 1-16: Buffer Stock Scheme, Average Variable Cost, Potential Output

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UBCECON 101Robert GatemanFall

Economics 101 key terms.docx

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UBCECON 101Ratna ShresthaFall

ECON 101 Chapter Notes - Chapter 21: Budget Constraint, Indifference Curve, Inferior Good

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UBCECON 101Ratna ShresthaFall

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

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ECON 101 Chapter Notes - Chapter 2: Opportunity Cost, Marginal Cost, Allocative Efficiency

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I multiple choices: _______ with increasing production of food, its marginal benefit. A restaurant has two specialties: roast chicken and bbq beef. Her
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UBCECON 101Anichul KhanFall

ECON 101 Final: [ECON 101] - Final Exam Guide - Comprehensive Notes fot the exam (51 pages long!)

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Deals with society + scarcity (inability to get all that we want) Bc of limited things/situations/scarcity we make choices. Choice depends on incentive
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UBCECON 101Ratna ShresthaWinter

Econ 101 - Microeconomics - All Chapters on Exam

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Labour aka human capital (the main factors of input/production whatever you use in a production process), physical capital (machines, computers, tools)
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UBCECON 101Robert GatemanFall

ECON 101 Midterm: Term Test 1 - Fall 2017

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