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All Educational Materials for MGEA01H3 at University of Toronto Scarborough (UTSC)

UTSCMGEA01H3Michael H OFall

[MGEA01H3] - Final Exam Guide - Ultimate 33 pages long Study Guide!

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Economy: a system for coordinating society"s productive activities. Economics: the social science that studies the production, distribution and consump
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UTSCMGEA01H3Michael H OFall

[MGEA01H3] - Midterm Exam Guide - Ultimate 33 pages long Study Guide!

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Economy: a system for coordinating society"s productive activities. Economics: the social science that studies the production, distribution and consump
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UTSCMGEA01H3Ted PetitWinter

MGEA01H3 Study Guide - Final Guide: Food Bank, Sugar Refinery, Mail And Wire Fraud

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Wants: needs = necessary for survival , wants are not, one set of wants can lead to the other, e. g. want to win the lottery, which makes it easier to
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UTSCMGEA01H3Gordon ClevelandFall

MGEA01H3 Study Guide - Final Guide: Indo, Chevrolet Small-Block Engine, Order Of Newfoundland And Labrador

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165
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UTSCMGEA01H3Chris BovairdFall

MGEA01H3 Study Guide - Final Guide: Telephone Numbers In The United Kingdom, Taipei Metro

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UTSCMGEA01H3Michael H OFall

MGEA01H3 Study Guide - Carpool, Washing Machine, Margarine

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1-1: explain how each of the following situations illustrates one of the four principles of individual choice, you are on your third trip to a restaura
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UTSCMGEA01H3Chris BovairdFall

MGEA01H3 Study Guide - Final Guide: European Route E6, European Route E80

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UTSCMGEA01H3Gordon ClevelandFall

MGEA01H3 Study Guide - Final Guide: Telephone Numbers In The United Kingdom, Heinkel He 100

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UTSCMGEA01H3All

MGEA01H3 Study Guide - Midterm Guide: Kinetoscope, New Media, Postmodernity

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Somatically things we know thru direct sensory perception of our environment (schema) Symbolically things we know thru someone or something. learn abou
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UTSCMGEA01H3Gordon ClevelandFall

2011 MGEA02 Final Exam Solutions.pdf

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UTSCMGEB12H3ATA Winter

MGEB12H3 Lecture Notes - Lecture 3: Type I And Type Ii Errors, Confidence Interval, Standard Deviation

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UTSCMGEB12H3ATA Winter

MGEB12H3 Lecture Notes - Lecture 1: Simple Random Sample, Null Hypothesis, Interval Estimation

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UTSCMGEA02H3Jack ParkinsonFall

MGEA02H3 Study Guide - Final Guide: Economic Surplus, Economic Equilibrium, Demand Curve

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UTSCMGEB12H3ATA Winter

MGEB12H3 Lecture Notes - Lecture 4: Aspirin, Test Statistic, Confidence Interval

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Question 1: in an attempt to study the relationship between the daily use of aspirin as a measure to prevent stroke, a researcher has divided a group o
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UTSCMGEA02H3Jack ParkinsonFall

MGEA02H3 Study Guide - Final Guide: Marginal Utility, Nash Equilibrium, Opportunity Cost

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UTSCMGEB12H3ATA Winter

MGEB12H3 Lecture Notes - Lecture 1: Null Hypothesis, Confidence Interval, Test Statistic

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UTSCMGEB12H3ATA Winter

MGEB12H3 Lecture Notes - Lecture 5: Simple Linear Regression, The Intercept, Sleep Deprivation

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UTSCMGEB12H3ATA Winter

MGEB12H3 Lecture Notes - Lecture 2: Type I And Type Ii Errors, Null Hypothesis, Statistical Hypothesis Testing

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UTSCMGEB12H3ATA Winter

MGEB12H3 Lecture Notes - Lecture 1: Variance, Standard Deviation, Statistical Hypothesis Testing

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UTSCMGEA02H3Jack ParkinsonFall

MGEA02H3 Study Guide - Final Guide: Economic Equilibrium, Complementary Good, Substitute Good

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UTSCMGEA01H3H. HoFall

MGEA01H3 Lecture Notes - Lecture 2: Demand Curve, Economic Equilibrium, Market Price

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UTSCMGEA01H3H. HoFall

MGEA01H3 Lecture Notes - Lecture 3: Economic Surplus, Demand Curve, Externality

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Consumer surplus: willingness to pay the maximum price at which a consumer would purchase a good or service. Individual consumer surplus the net gain t
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UTSCMGEA01H3H. HoFall

MGEA01H3 Lecture Notes - Lecture 4: Deadweight Loss, Price Ceiling, Price Controls

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UTSCMGEA01H3H. HoFall

MGEA01H3 Study Guide - Midterm Guide: Opportunity Cost, Human Resources, Unemployment Benefits

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Principle #1: choices are necessary because resources are scarce. Principle #4: people usually respond to incentives, exploiting opportunities to make
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UTSCMGEA01H3H. HoFall

MGEA01H3 Lecture Notes - Lecture 6: Tax Wedge, Deadweight Loss, Unemployment Benefits

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UTSCMGEA01H3H. HoFall

MGEA01H3 Lecture Notes - Lecture 1: Opportunity Cost, Human Resources, Government Spending

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UTSCMGEA01H3H. HoFall

MGEA01H3 Lecture Notes - Lecture 5: Demand Curve, Midpoint Method, Inferior Good

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UTSCMGEA01H3H. HoFall

MGEA01H3 Lecture 1: MGEAO1 Lecture notes 1and 2

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UTSCMGEA01H3Michael H OFall

MGEA01H3 Lecture Notes - Lecture 1: Human Capital, Pre-Medical, Market Failure

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Economy: a system for coordinating society"s productive activities. Economics: the social science that studies the production, distribution and consump
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UTSCMGEA01H3Michael HoFall

MGEA01H3 Lecture 11: Chapter 8 Notes - InternationalTrade

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Textbook: microeconomics, second canadian edition, by krugman, wells, au and parkinson. How comparative advantage leads to mutually beneficial internat
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UTSCMGEA01H3H. HoFall

MGEA01H3 Lecture Notes - Lecture 1: Ice Pop, Opportunity Cost

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More of one thing means less of something else. The opportunity cost of using scarce resources for one thing instead of something else is often represe
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UTSCMGEA01H3Michael HoFall

MGEA01H3 Lecture Notes - Lecture 9: Natural Monopoly, De Beers, Monopolistic Competition

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Textbook: microeconomics, second canadian edition, by krugman, wells, au and parkinson. The significance of monopoly, where a single monopolist is the
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UTSCMGEA01H3Michael H OFall

MGEA01H3 Lecture Notes - Lecture 9: Demand Curve, Marginal Utility, Budget Constraint

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Figure caption: figure 10-1: cassie"s total utility and marginal utility. Panel (a) shows how cassie"s total utility depends on her consumption of wing
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UTSCMGEA01H3H. HoFall

MGEA01H3 Lecture 1: MGEAO1 Lecture notes 1and 2

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UTSCMGEA01H3Michael HoFall

MGEA01H3 Lecture Notes - Lecture 1: Human Capital, Comparative Advantage, Ceteris Paribus

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Mga01h3 f: lecture 1 - covering chapter 1 and chapter 2. Textbook: microeconomics, second canadian edition, by krugman, wells, au and parkinson. A set
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UTSCMGEA01H3Michael H OFall

MGEA01H3 Lecture Notes - Lecture 4: Comparative Advantage, Hand Model, W. M. Keck Observatory

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Reason for long-term increase in canadian"s average living standards. Productivity: measure of how much output/income produced by one hour of work effo
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UTSCMGEA01H3Michael HoFall

MGEA01H3 Lecture 4: MGA01H3 Lecture 4: Chapter 6 - Elasticity

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Textbook: microeconomics, second canadian edition, by krugman, wells, au and parkinson. What is the meaning and importance of: How the cross-price elas
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UTSCMGEA01H3Michael HoFall

MGEA01H3 Lecture Notes - Lecture 5: Tax Wedge, Demand Curve, Tax Rate

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UTSCMGEA01H3Michael HoFall

MGEA01H3 Chapter Notes - Chapter 10: Marginal Revenue, Demand Curve, Price Discrimination

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Monopolist: a firm that is the only seller in a market, the demand curve for the firm"s product is simply the market demand curve. Unlike a perfectly c
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UTSCMGEA01H3Michael H OFall

MGEA01 Textbook Ch1-12.docx

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UTSCMGEA01H3Michael H OFall

MGEA01H3 Chapter Notes - Chapter 14: Imperfect Competition, Marginal Revenue, Marginal Cost

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Oligopoly: is an industry with only a small number of producers. Oligopolist: is a producer in an oligopoly. Imperfect competition: is when no one firm
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UTSCMGEA01H3Michael H OFall

MGEA01H3 Chapter 10: The Rational Consumer (Chapter 10)

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Utility: is a measure of the satisfaction the consumer derives from consumption of a good or service. Consumption bundle: is the collection of all the
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UTSCMGEA01H3Michael H OFall

MGEA01H3 Chapter Notes - Chapter 13: Monopolistic Competition, Natural Monopoly, Perfect Competition

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Four main types of market structure (based on the # of firms in the industry and product differentiation): perfect competition, monopoly, oligopoly, an
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UTSCMGEA01H3Michael H OFall

MGEA01H3 Chapter Notes - Chapter 12: Marginal Revenue, Marginal Cost, Fixed Cost

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Price-taking producer: a producer whose actions have no effect on the market price of the good or service it sells. Price-taking consumer: a consumer w
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UTSCMGEA01H3Michael H OFall

MGEA01H3 Chapter 9: Decision Making by Individuals and Firms (Chapter 9)

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Explicit cost: is a cost that requires and outlay of money. Implicit cost: is a cost that does not require an outlay of money; it is measured by the va
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UTSCMGEA01H3Michael H OFall

MGEA01H3 Chapter Notes - Chapter 8: Absolute Advantage, Autarky, Sweatshop

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Imports: are goods or services purchased from other countries. Exports: are goods or services sold to other countries. Globalization: is the phenomenon
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UTSCMGEA01H3Michael HoFall

MGEA01H3 Chapter Notes - Chapter 1: Mass Production, Barter, Marginal Cost

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A system in which scarce resources (land, labour, machine) are allocated among competing use. Based on free-market transactions and is self-organizing.
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UTSCMGEA01H3Michael H OFall

MGEA01H3 Chapter Notes - Chapter 4: Price Elasticity Of Demand, Diet Pepsi, Demand Curve

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Elastic when quantity demanded is quite responsive to changes in price. Inelastic when quantity demanded is relatively unresponsive to changes in price
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UTSCMGEA01H3Michael H OFall

[MGEA01H3] - Midterm Exam Guide - Ultimate 33 pages long Study Guide!

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Economy: a system for coordinating society"s productive activities. Economics: the social science that studies the production, distribution and consump
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UTSCMGEA01H3Michael H OFall

[MGEA01H3] - Final Exam Guide - Ultimate 33 pages long Study Guide!

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Economy: a system for coordinating society"s productive activities. Economics: the social science that studies the production, distribution and consump
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UTSCMGEA01H3Gordon ClevelandFall

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UTSCMGEA01H3Michael H OFall

MGEA01H3 Lecture Notes - Lecture 1: Human Capital, Pre-Medical, Market Failure

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UTSCMGEA01H3Gordon ClevelandFall

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Textbook Notes (93% on the test)

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UTSCMGEA01H3Gordon ClevelandFall

MGEA01H3 Study Guide - Final Guide: Telephone Numbers In The United Kingdom, Heinkel He 100

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UTSCMGEA01H3Michael HoFall

MGEA01H3 Chapter Notes - Chapter 10: Marginal Revenue, Demand Curve, Price Discrimination

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Monopolist: a firm that is the only seller in a market, the demand curve for the firm"s product is simply the market demand curve. Unlike a perfectly c
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UTSCMGEA01H3Michael H OFall

MGEA01 Textbook Ch1-12.docx

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UTSCMGEA01H3Michael H OFall

MGEA01H3 Study Guide - Carpool, Washing Machine, Margarine

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