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All Educational Materials for ECON 101 at University of British Columbia (UBC)

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 - 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 101Anichul KhanFall

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

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UBCECON 101AllSpring

ECON 101 Study Guide - Final Guide: Demand Curve, Fixed Cost, Longrun

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It violates the law of demand: __________ if the income elasticity of demand is -2, then a 1 percent decrease in income will, double the quantity deman
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UBCECON 101AllFall

ECON 101 Midterm: ECON 101 2013_Midterm-Exam_1

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Microeconomics (econ 101) 1 s t midterm (2013) Please read the above instructions and sign here _______________________ Tick all those that would shift
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UBCECON 101AllFall

ECON 101 Midterm: ECON 101 midterm1answerkey-1

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"d; a) (2 points) (fill in the blank) the demand equation is: qd= 700 l1q. j p (hint: confirm your answer by checking qdfor p= 10 from your equation an
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UBCECON 101AllFall

ECON 101 Midterm: ECON 101 1st-midterm-2011

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UBCECON 101AllFall

ECON 101 Study Guide - Quiz Guide: Nash Equilibrium, Strategic Dominance, Costco

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Table 1 below shows the payoff matrix for wal mart and costco from every combination of pricing strategies for the popular playstation 4. Yes, the domi
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UBCECON 101AllFall

ECON 101 Study Guide - Quiz Guide: Minimum Wage Law, Demand Curve, Economic Surplus

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Review questions # 3 (chapters 7 - 9: market research has revealed that demand for labor in vancouver is given by w. = 200 5l and the supply is given b
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UBCECON 101AllFall

ECON 101 Midterm: ECON101 Midterm 2 2011 Solutions

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UBCECON 101AllFall

ECON 101 Study Guide - Midterm Guide: Comparative Advantage, Demand Curve, Hilton Hawaiian Village

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UBCECON 101AllFall

ECON 101 Final: ECON101 Final Exam Practice 1 with Solutions

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Analyse the two following scenarios for firms in perfectly competitive markets: suppose that tc = 100 + 15q, where tc is total cost and q is the quanti
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UBCECON 101AllFall

ECON 101 Study Guide - Midterm Guide: Price Ceiling, Economic Equilibrium, Economic Surplus

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UBCECON 101AllFall

ECON 101 Study Guide - Midterm Guide: Deadweight Loss, Price Ceiling, Economic Surplus

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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 101Anichul KhanFall

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

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UBCECON 101Anichul KhanFall

ECON 101 Lecture Notes - Lecture 34: Economic Equilibrium

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UBCECON 101Anichul KhanFall

ECON 101 Lecture 36: ECON 101 001 - Lecture 36 - Single-Price Monopoly

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UBCECON 101Anichul KhanFall

ECON 101 Lecture 35: ECON 101 001 - Lecture 35 - Changing Tastes + Monopoly

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UBCECON 101Anichul KhanFall

ECON 101 Lecture Notes - Lecture 34: Arve, Marginal Cost

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UBCECON 101Anichul KhanFall

ECON 101 Lecture Notes - Lecture 33: Marginal Revenue, Demand Curve

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UBCECON 101Anichul KhanFall

ECON 101 Lecture 33: ECON 101 001 - Lecture 33 - Economies and Diseconomies of Scale

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UBCECON 101Anichul KhanFall

ECON 101 Lecture Notes - Lecture 32: Diminishing Returns

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UBCECON 101Anichul KhanFall

ECON 101 Lecture Notes - Lecture 29: Marginal Cost

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UBCECON 101Anichul KhanFall

ECON 101 Lecture 28: ECON 101 001 - Lecture 28 - Short run cost part 1

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UBCECON 101Anichul KhanFall

ECON 101 Lecture 27: ECON 101 001 - Lecture 27 - Short-Run Product Schedule

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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 Lecture 26: ECON 101 001 - Lecture 26 - The budget equation

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UBCECON 101Anichul KhanFall

ECON 101 Lecture 25: ECON 101 001 - Lecture 25 - Preference and Indifference curve

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UBCECON 101Anichul KhanFall

ECON 101 Lecture Notes - Lecture 24: Demand Curve

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UBCECON 101Anichul KhanFall

ECON 101 Lecture Notes - Lecture 23: Mue

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UBCECON 101Anichul KhanFall

ECON 101 Lecture Notes - Lecture 22: Lead, Spreadsheet

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UBCECON 101Anichul KhanFall

ECON 101 Lecture Notes - Lecture 20: Production Quota, Economic Surplus, Gout

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UBCECON 101Anichul KhanFall

ECON 101 Lecture 18: ECON 101 001 - Lecture 18 - Govt Action in Markets part 2

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UBCECON 101Anichul KhanFall

ECON 101 Lecture 19: ECON 101 001 - Lecture 19 - Taxes in Markets

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UBCECON 101Anichul KhanFall

ECON 101 Lecture 17: ECON 101 001 - Lecture 17 - Govt Action in Markets (part 1)

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UBCECON 101Anichul KhanFall

ECON 101 Lecture 16: ECON 101 001 - Lecture 16 - Efficient Market

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UBCECON 101Anichul KhanFall

ECON 101 Lecture 13: ECON 101 001 - Lecture 13 - Benefit, cost, surplus (part 2)

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UBCECON 101Anichul KhanFall

ECON 101 Lecture 12: ECON 101 001 - Lecture 12 - benefit, cost, surplus part 1

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UBCECON 101Anichul KhanFall

ECON 101 Lecture 11: ECON 101 001 - Lecture 11 - Resource Allocation

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UBCECON 101Anichul KhanFall

ECON 101 Lecture 10: ECON 101 001 - Lecture 10 - Elasticity part 3

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UBCECON 101Anichul KhanFall

ECON 101 Lecture 9: ECON 101 001 - Lecture 9 - Total Revenue and Elasticity

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UBCECON 101Anichul KhanFall

ECON 101 Lecture 8: ECON 101 001 - Lecture 8 - Elasticity part 1

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UBCECON 101Anichul KhanFall

ECON 101 Lecture 7: ECON 101 001 - Lecture 7 - Supply and demand part 2

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UBCECON 101Anichul KhanFall

ECON 101 Lecture 6: ECON 101 001 - Lecture 6 - Supply and Demand pt.1

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UBCECON 101Anichul KhanFall

ECON 101 Lecture 5: ECON 101 001 - Lecture 5 - Gains from trade

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UBCECON 101Anichul KhanFall

ECON 101 Lecture 4: ECON 101 001 - Lecture 4 - Economic Coordination

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UBCECON 101Anichul KhanFall

ECON 101 Lecture 4: ECON 101 001 - lecture 4 - Using resources efficiently

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UBCECON 101Anichul KhanFall

ECON 101 Lecture 4: ECON 101 001 - lecture 4 - Economic coordination

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UBCECON 101Anichul KhanFall

ECON 101 Lecture 3: ECON101 - Lecture 3 - The Economic Problem

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UBCECON 101Anichul KhanFall

ECON 101 Lecture 2: econ 101 001 - Lecture 2 - What is Economics?

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UBCECON 101Cheryl FUFall

ECON 101 Lecture Notes - Lecture 26: Evernote

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UBCECON 101Cheryl FUFall

ECON 101 Lecture Notes - Lecture 25: Evernote

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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 101Cheryl FUFall

ECON 101 Lecture 24: ECON101 L24

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UBCECON 101Cheryl FUFall

ECON 101 Lecture 23: ECON101 L23

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UBCECON 101Robert GatemanFall

ECON 101 Lecture Notes - Lecture 12: Monopolistic Competition, Perfect Competition, Market Power

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Econ 101 lecture 12 competitive markets: market structure and firm behaviour, market structure is the genetic features of market that affect firm behav
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UBCECON 101Robert GatemanFall

ECON 101 Lecture Notes - Lecture 11: Profit Maximization, Technological Change, Indifference Curve

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Econ 101 lecture 11 producers in the long run: the long run: no fixed factors, profit maximization and cost minimization i. ii. iii. Revenues are unkno
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UBCECON 101Cheryl FUFall

ECON 101 Lecture 20: ECON101 L20

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UBCECON 101Robert GatemanFall

ECON 101 Lecture Notes - Lecture 10: Ceteris Paribus, Inflection Point, Marginal Product

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Q = f(n, k) (labour varies, k is constant: three concepts relating output q to variable factor n ii. iii. i. Extra output form one last unit of input.
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UBCECON 101Cheryl FUFall

ECON 101 Lecture 19: ECON101 L19

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UBCECON 101Cheryl FUFall

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

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UBCECON 101Cheryl FUFall

ECON 101 Lecture 18: ECON101 L18

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UBCECON 101Cheryl FUFall

ECON 101 Lecture 17: ECON101 L17

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UBCECON 101Robert GatemanFall

ECON 101 Lecture Notes - Lecture 9: Limited Liability Partnership, Legal Personality, Limited Partnership

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Econ 101 lecture 9 producers in the short run: the role of the firm, forms of business organizations i. ii. A firm is a self-contained profit maximizin
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UBCECON 101Cheryl FUFall

ECON 101 Lecture 16: ECON101 L16

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UBCECON 101Robert GatemanFall

ECON 101 Lecture Notes - Lecture 8: Economic Surplus, Decision Theory, Reservation Price

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Econ 101 lecture 8 consumer behaviour con"t: consumer surplus, the concept, mux = px/py x muy, from condition for tu max. Assume: y = money, p($) = 1,
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UBCECON 101Cheryl FUFall

ECON 101 Lecture 15: ECON L15

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UBCECON 101Robert GatemanFall

ECON 101 Lecture Notes - Lecture 7: Ceteris Paribus, Marginal Utility, Demand Curve

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Econ 101 lecture 7 consumer behaviour: marginal utility analysis, household and market demand, market demand = household demand ii, you add horizontall
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UBCECON 101Cheryl FUFall

ECON 101 Lecture 14: ECON101 L14

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UBCECON 101Cheryl FUFall

ECON 101 Lecture 13: ECON101 L13

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UBCECON 101Robert GatemanFall

ECON 101 Lecture Notes - Lecture 6: Price Support, North American Free Trade Agreement, Ad Valorem Tax

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Econ 101 lecture 6 markets in action con"t: agriculture and the farm problem, long and short run problems i. The problems: short term- farm prices (inc
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UBCECON 101Cheryl FUFall

ECON 101 Lecture 11: Econ101 L11

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UBCECON 101Robert GatemanFall

ECON 101 Lecture Notes - Lecture 5: Price Ceiling, Price Floor, Tax Incidence

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Interaction among markets: markets affects one another during operation and this creates spillovers or feedbacks i. An increase in the technology for p
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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 101Cheryl FUFall

ECON 101 Lecture 10: Econ101 L10

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UBCECON 101Robert GatemanFall

ECON 101 Lecture Notes - Lecture 3: Ceteris Paribus, Consumer Direct, Inverse Relation

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Econ 101 lecture 3 demand and supply: demand, definition i. ii. Quantity demanded (qd) is the quantity of good/services that a household wants to purch
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UBCECON 101Robert GatemanFall

ECON 101 Lecture Notes - Lecture 2: Time Series, Scatter Plot, Weighted Arithmetic Mean

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Econ 101 lecture 2 economic theories: positive versus normative, building and testing theories, economic data, positive versus normative. Often testabl
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UBCECON 101Robert GatemanFall

ECON 101 Lecture Notes - Lecture 1: Barter, Quality Control, Open Economy

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Economic issues and and concepts: what is economics, the complexity of the modern economy. 4: well, maybe i will assume nothing. I don"t trust this cou
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UBCECON 101Cheryl FUFall

ECON 101 Lecture 9: Econ101 L9

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UBCECON 101Cheryl FUFall

ECON 101 Lecture 3: Econ101 L3

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UBCECON 101Cheryl FUFall

ECON 101 Lecture 2: Econ101 L2

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UBCECON 101Cheryl FUFall

ECON 101 Lecture 4: Econ101 L4

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UBCECON 101Cheryl FUFall

ECON 101 Lecture 5: Econ101 L5

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UBCECON 101Cheryl FUFall

ECON 101 Lecture 8: Econ101 L8

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UBCECON 101Cheryl FUFall

ECON 101 Lecture 7: Econ101 L7

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UBCECON 101Cheryl FUFall

ECON 101 Lecture 6: ECON101 L6

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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 101Robert GatemanFall

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

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UBCECON 101Robert GatemanFall

ECON 101 Study Guide - Midterm Guide: Variable Cost, Isoquant, Indifference Curve

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UBCECON 101Robert GatemanFall

ECON 101 Study Guide - Midterm Guide: Exogeny, Bit Error Rate, Shortage

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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 101Robert GatemanFall

ECON 101 Midterm: Term Test 1 - Fall 2017

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UBCECON 101Marina AdshadeFall

ECON 101 Lecture Notes - Lecture 31: Economic Equilibrium, Perfect Competition

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UBCECON 101Marina AdshadeFall

ECON 101 Final: Complete and Comprehensive 96 Page Final Exam Study Guide

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UBCECON 101Marina AdshadeFall

ECON 101 Lecture Notes - Lecture 30: Critical Role, Marginal Product, W. M. Keck Observatory

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UBCECON 101Marina AdshadeFall

ECON 101 Lecture Notes - Lecture 29: Production Function, Perfect Competition, Demand Curve

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UBCECON 101Marina AdshadeFall

ECON 101 Lecture Notes - Lecture 28: Perfect Competition, Economic Surplus, Nash Equilibrium

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UBCECON 101Marina AdshadeFall

ECON 101 Lecture Notes - Lecture 27: Nash Equilibrium, Oligopoly, Slut-Shaming

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UBCECON 101Marina AdshadeFall

ECON 101 Lecture Notes - Lecture 26: Nash Equilibrium

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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 101Marina AdshadeFall

ECON 101 Lecture 24: Monopoly + Monopolistic Competition

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UBCECON 101Marina AdshadeFall

ECON 101 Lecture Notes - Lecture 23: Economic Rent, Fixed Cost, Deadweight Loss

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UBCECON 101Marina AdshadeFall

ECON 101 Lecture Notes - Lecture 22: Price Discrimination, Marginal Revenue, Marginal Cost

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UBCECON 101Marina AdshadeFall

ECON 101 Lecture Notes - Lecture 21: Marginal Cost, Marginal Revenue, Perfect Competition

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UBCECON 101Marina AdshadeFall

ECON 101 Lecture Notes - Lecture 20: Substitute Good, Marginal Revenue, Perfect Competition

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UBCECON 101Marina AdshadeFall

ECON 101 Lecture Notes - Lecture 19: Marginal Cost, Monopolistic Competition, Oligopoly

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UBCECON 101Marina AdshadeFall

ECON 101 Lecture Notes - Lecture 18: Fixed Cost, Marginal Cost, Marginal Product

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UBCECON 101Marina AdshadeFall

ECON 101 Lecture Notes - Lecture 17: Marginal Product, Sunk Costs

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UBCECON 101Marina AdshadeFall

ECON 101 Lecture Notes - Lecture 16: Deadweight Loss, Demand Curve

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UBCECON 101Marina AdshadeFall

ECON 101 Lecture Notes - Lecture 15: Economic Surplus, Deadweight Loss, Marginal Utility

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UBCECON 101Marina AdshadeFall

ECON 101 Lecture Notes - Lecture 14: Demand Curve, Marginal Utility, Indifference Curve

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UBCECON 101Marina AdshadeFall

ECON 101 Lecture 13: Consumer Choice, Marginal Utility and the Marginal Rate of Substitution

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UBCECON 101Marina AdshadeFall

ECON 101 Lecture Notes - Lecture 12: Wisconsin National Guard, Demand Curve, Deadweight Loss

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UBCECON 101Marina AdshadeFall

ECON 101 Lecture Notes - Lecture 11: Pareto Efficiency, Economic Surplus, Marginal Utility

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UBCECON 101Marina AdshadeFall

ECON 101 Lecture Notes - Lecture 10: Diminishing Returns, Economic Surplus, Marginal Utility

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UBCECON 101Marina AdshadeFall

ECON 101 Lecture Notes - Lecture 9: Normal Good, Demand Curve

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Every demand curve has points where e (elasticity) = 0, infinity and 1. Therefore, one can say that every demand curve has a point where there is perfe
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UBCECON 101Marina AdshadeFall

ECON 101 Lecture Notes - Lecture 8: Negative Number, Economic Equilibrium, Shortage

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Econ 101 lecture 8 equilibrium and elasticity. In economics, we believe that left alone, the forces of supply and demand will establish a price where t
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UBCECON 101Marina AdshadeFall

ECON 101 Lecture Notes - Lecture 7: Ceteris Paribus, Complementary Good, Normal Good

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Econ 101 lecture 7 demand and supply. Remember, economics only functions when we take into account ceteris paribus, all else held constant. The law of
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UBCECON 101Marina AdshadeFall

ECON 101 Lecture Notes - Lecture 6: Opportunity Cost, Comparative Advantage, Takers

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UBCECON 101Marina AdshadeFall

ECON 101 Lecture Notes - Lecture 5: Opportunity Cost, Gary Becker, Comparative Advantage

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Ppf, opportunity cost, comparative and absolute advantage. Production possibilities frontier: a graph that focuses on society"s production of two goods
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UBCECON 101Marina AdshadeFall

ECON 101 Lecture Notes - Lecture 2: Opportunity Cost

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Econ 101 lecture 2 introduction to economics (first half of topic) *note: lecture 1 was simply an introduction/welcome to the class. Economics is the s
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UBCECON 101Marina AdshadeFall

ECON 101 Lecture 3: Intro to Econ Beginning of Trade Lecture

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Econ 101 lecture 3 introduction to economics (second half of topic) and. In economics, there is no such thing as extreme decisions. Decisions are all m
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UBCECON 101Marina AdshadeWinter

ECON 101 Study Guide - Final Guide: Import License, Equilibrium Point, Chisel

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UBCECON 101Marina AdshadeWinter

ECON 101 Lecture Notes - Lecture 21: Diminishing Returns, Marginal Cost, Marginal Product

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Econ 101 - lecture #21 - marginal and average product plus costs. Change in total output with each unit of labor increased. Change in total output / ch
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UBCECON 101Marina AdshadeWinter

ECON 101 Lecture Notes - Lecture 20: Diminishing Returns, Marginal Product, Opportunity Cost

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Econ 101 - lecture #20 - firms and profit. Firms try to maximize their economic profits: do that by analyzing output and input levels. Total revenue -
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UBCECON 101Marina AdshadeWinter

ECON 101 Lecture Notes - Lecture 19: Pigovian Tax, Externality, Social Cost

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Econ 101 - lecture #19 - public policies regarding externalities. The government has two qualitatives different solutions to externalities. Requirement
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UBCECON 101Marina AdshadeWinter

ECON 101 Lecture Notes - Lecture 17: Deadweight Loss, Economic Surplus, Import License

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Econ 101 - lecture #17 - import tariff and externality. To protect the domestic producers, governments may sometimes implement tariff on imports. So im
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UBCECON 101Marina AdshadeWinter

ECON 101 Lecture Notes - Lecture 18: Deadweight Loss, Social Cost, Externality

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Econ 101 - lecture #18 - negative and positive externalities. Meaning that, market will not maximize total surplus. Within any kind of externalities, d
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UBCECON 101Marina AdshadeWinter

ECON 101 Lecture Notes - Lecture 16: Autarky, Economic Equilibrium, Economic Surplus

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Econ 101 - lecture #16 - international trade with importing and exporting countries. Before analyzing the benefits and costs of international trade, we
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UBCECON 101Marina AdshadeWinter

ECON 101 Lecture Notes - Lecture 14: Tax Wedge, Marginal Cost, Demand Curve

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Econ 101 - lecture #14 - producer surplus, market efficiency, and quantity of tax. The difference between what a producer receives from trade and the m
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UBCECON 101Marina AdshadeWinter

ECON 101 Lecture Notes - Lecture 15: Lead, Economic Surplus, Marginal Utility

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Econ 101 - lecture #15 - welfare effects of quantity taxes. In this lecture, we will examine how quantity taxes affect. Total gains of trade before tax
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UBCECON 101Marina AdshadeWinter

ECON 101 Lecture Notes - Lecture 13: Demand Curve, Economic Surplus, Marginal Utility

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Previous lectures have been focusing on what are the causes and results of economic changes, but not whether the changes on desirable. In other words,
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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 101Marina AdshadeWinter

ECON 101 Lecture Notes - Lecture 6: Noodle, Inferior Good, Oligarchy

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Econ 101 - lecture #6 - markets and demand. A group of buyers and sellers of a good or service. Typically establishes a price for the good or service.
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UBCECON 101Marina AdshadeWinter

ECON 101 Lecture Notes - Lecture 8: Shortage, Economic Equilibrium, Progressive Alliance Of Socialists And Democrats

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Econ 101 - lecture #8 - changes in market equilibrium. S&d analysis allows us to predict how changes in some factors lead to changes in market equilibr
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UBCECON 101Marina AdshadeWinter

ECON 101 Lecture Notes - Lecture 7: Production Function, Excess Supply, Demand Curve

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Econ 101 - lecture #7 - demand and supply. Income falls, and the good is inferior - demand increases. What happens when: price of complement rises - de
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UBCECON 101Marina AdshadeWinter

ECON 101 Lecture 10: Elasticity in Relation to Total Revenue and More Types of Elasticities

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Econ 101 - lecture #10 - elasticity in relation to total revenue and more types of. The price elasticity of demand is placed into the following categor
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UBCECON 101Marina AdshadeWinter

ECON 101 Lecture Notes - Lecture 2: Sunk Costs, Marginal Cost, Marginal Utility

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Econ 101 - lecture #2 - opportunity cost and marginal benefit. Rational people only make choices when the benefit exceeds the cost. We apply the cost-b
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UBCECON 101Marina AdshadeWinter

ECON 101 Lecture 3: Marginal Benefit with Relation to Incentives and Economic Models

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Econ 101 - lecture #3 - marginal benefit with relation to incentives and economic. Recall from last lecture how to calculate marginal benefit and margi
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UBCECON 101Marina AdshadeWinter

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

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