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All Educational Materials for MGEA02H3 at University of Toronto Scarborough (UTSC)

UTSCMGEA02H3Jack ParkinsonFall

MGEA02H3- Final Exam Guide - Comprehensive Notes for the exam ( 116 pages long!)

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30 Nov 2017
0
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UTSCMGEA02H3Michael KrashinskyFall

MGEA02H3- Final Exam Guide - Comprehensive Notes for the exam ( 43 pages long!)

OC37854243 Page
29 Mar 2018
0
Shocks and movements to short and long run equilibrium. A period of time too short for firms to change the amount of capital equipment they are current
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UTSCMGEA02H3John ParkinsonFall

MGEA02H3- Final Exam Guide - Comprehensive Notes for the exam ( 178 pages long!)

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29 Mar 2018
0
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UTSCMGEA02H3John ParkinsonFall

MGEA02H3- Midterm Exam Guide - Comprehensive Notes for the exam ( 17 pages long!)

Brigitte Tran17 Page
11 Oct 2017
0
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UTSCMGEA02H3Jack ParkinsonSummer

MGEA02H3- Midterm Exam Guide - Comprehensive Notes for the exam ( 12 pages long!)

OC184766512 Page
11 Oct 2017
0
Mgea02 introduction to microeconomics: a mathematical approach. Topic 11 (week of nov 21) market failures (externalities & public goods) Coverage: so f
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UTSCMGEA02H3John ParkinsonFall

MGEA02H3 Study Guide - Fall 2018, Comprehensive Midterm Notes - Graph Of A Function, Demand Curve, Marginal Cost

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5 Nov 2018
0
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UTSCMGEA02H3allSummer

MGEA02H3 Study Guide - Demand Curve, Product Rule, 21 Questions

OC581037 Page
4 Jun 2013
36
Knowledge summary: elasticity: measures the % change in q for a 1% change in p. E = % change in q / % change in p: formulas: Dtr/ dq = p (1 1/ed) given
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UTSCMGEA02H3Gordon ClevelandFall

MGEA02H3 Study Guide - Final Guide: Demand Curve, Opportunity Cost, Perfect Competition

OC472342 Page
28 Jan 2011
297
Lectures posted on utsc intranet every sunday: first test. Final exam 50% *7th, 8th, or 9th december. Sep 16, 2009 lecture 02 the opportunity cost of g
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UTSCMGEA02H3AllFall

MGEA02H3 Study Guide - Midterm Guide: Deadweight Loss, Economic Equilibrium, Demand Curve

OC25402942 Page
16 Oct 2018
0
Professor gordon cleveland: average cost is (pl * l + pk * k)/q. We are given all of these except q, which we can calculate from. The total cost when l
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UTSCMGEA02H3AllFall

MGEA02H3 Midterm: MGEA02 Term Test 2 2009 Fall Solution

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16 Oct 2018
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UTSCMGEA02H3Jack ParkinsonFall

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

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6 Apr 2019
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UTSCMGEA02H3Jack ParkinsonFall

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

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6 Apr 2019
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UTSCMGEA02H3Jack ParkinsonFall

MGEA02H3 Study Guide - Final Guide: Deadweight Loss, Economic Surplus, Economic Equilibrium

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6 Apr 2019
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UTSCMGEA02H3Jack ParkinsonFall

MGEA02H3 Study Guide - Final Guide: European Route E6, European Route E40

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6 Apr 2019
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UTSCMGEA02H3Jack ParkinsonFall

MGEA02H3 Lecture Notes - Lecture 8: Economic Equilibrium, Competitive Equilibrium, Demand Curve

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6 Apr 2019
0
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UTSCMGEA02H3Jack ParkinsonFall

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

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6 Apr 2019
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UTSCMGEA02H3Jack ParkinsonFall

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

OC244782611 Page
6 Apr 2019
0
2011 (d) 1. 0 (i) 4. 5 (b) 0. 33 (g) 2. 75 (c) 0. 55 (h) 3. 0: attainable and inefficient, unattainable and efficient, none of the above. At this point
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UTSCMGEA02H3Jack ParkinsonFall

MGEA02H3 Study Guide - Final Guide: Tropical Fish, Digital Pet, Economic Equilibrium

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6 Apr 2019
0
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UTSCMGEA02H3John ParkinsonFall

MGEA02H3 Study Guide - Final Guide: Marginal Cost, Economic Surplus

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24 Dec 2018
0
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UTSCMGEA02H3AllFall

MGEA02H3 Final: UTSC - MGEA02 Final Exam 2008 Fall Solutions

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30 Nov 2018
0
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UTSCMGEA02H3John ParkinsonFall

MGEA02H3 Lecture Notes - Lecture 26: Autarky, Comparative Advantage, Cultural Identity

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3 Dec 2018
0
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UTSCMGEA02H3John ParkinsonFall

MGEA02H3 Lecture Notes - Lecture 25: Export Subsidy, International Trade, Comparative Advantage

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28 Nov 2018
0
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UTSCMGEA02H3John ParkinsonFall

MGEA02H3 Lecture Notes - Lecture 24: European Union Emission Trading Scheme, Sulfur Dioxide, Incandescent Light Bulb

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26 Nov 2018
0
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UTSCMGEA02H3John ParkinsonFall

MGEA02H3 Lecture Notes - Lecture 23: Public Good, Externality, Social Cost

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21 Nov 2018
0
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UTSCMGEA02H3John ParkinsonFall

MGEA02H3 Lecture Notes - Lecture 22: Nash Equilibrium, Breakfast Cereal, Oligopoly

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20 Nov 2018
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UTSCMGEA02H3John ParkinsonFall

MGEA02H3 Lecture Notes - Lecture 21: Breakfast Cereal, Oligopoly, Market Power

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14 Nov 2018
0
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UTSCMGEA02H3John ParkinsonFall

MGEA02H3 Lecture Notes - Lecture 20: Marginal Cost, Natural Monopoly, Dynamic Efficiency

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12 Nov 2018
0
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UTSCMGEA02H3John ParkinsonFall

MGEA02H3 Lecture Notes - Lecture 19: Dynamic Efficiency, Allocative Efficiency, Productive Efficiency

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7 Nov 2018
0
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UTSCMGEA02H3John ParkinsonFall

MGEA02H3 Lecture Notes - Lecture 18: Demand Curve, Marginal Cost, Economic Equilibrium

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6 Nov 2018
0
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UTSCMGEA02H3John ParkinsonFall

MGEA02H3 Study Guide - Fall 2018, Comprehensive Midterm Notes - Graph Of A Function, Demand Curve, Marginal Cost

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5 Nov 2018
0
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UTSCMGEA02H3John ParkinsonFall

MGEA02H3 Lecture Notes - Lecture 17: Fixed Cost, Marginal Cost

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1 Nov 2018
0
Mgea02 lecture 17 perfect competition in the long run: topic 8 week 9. Instead of increase in demand, we shall look for the effect of an increase in co
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UTSCMGEA02H3John ParkinsonFall

MGEA02H3 Lecture Notes - Lecture 16: Market Power, Demand Curve, Marginal Revenue

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30 Oct 2018
0
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UTSCMGEA02H3John ParkinsonFall

MGEA02H3 Lecture Notes - Lecture 15: Market Power, Perfect Competition, Takers

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25 Oct 2018
0
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UTSCMGEA02H3John ParkinsonFall

MGEA02H3 Lecture Notes - Lecture 14: Profit Maximization, Marginal Revenue, Profit Margin

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23 Oct 2018
0
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UTSCMGEA02H3John ParkinsonFall

MGEA02H3 Lecture Notes - Lecture 13: Profit Maximization, Marginal Revenue, Market Power

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18 Oct 2018
0
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UTSCMGEA02H3John ParkinsonFall

MGEA02H3 Lecture Notes - Lecture 9: Production Function, Marginal Cost, Perfect Competition

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4 Oct 2018
0
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UTSCMGEA02H3John ParkinsonFall

MGEA02H3 Lecture Notes - Lecture 8: Economic Equilibrium, Economic Surplus

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1 Oct 2018
0
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UTSCMGEA02H3John ParkinsonFall

MGEA02H3 Lecture Notes - Lecture 7: Tax Incidence, Demand Curve, Bubble Tea

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27 Sep 2018
0
Mgea02 lecture 7 elasticity, tax incidence and tax burden: elasticity, taxes imposed on a market usually alters the social welfare and equilibrium, wha
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UTSCMGEA02H3John ParkinsonFall

MGEA02H3 Lecture 6: MGEA02 – Lecture six - The demand curve pt.2

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25 Sep 2018
0
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UTSCMGEA02H3John ParkinsonFall

MGEA02H3 Lecture Notes - Lecture 5: Demand Curve, Economic Surplus

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20 Sep 2018
0
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UTSCMGEA02H3John ParkinsonFall

MGEA02H3 Lecture Notes - Lecture 4: Normal Good, Demand Curve, Excess Supply

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18 Sep 2018
0
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UTSCMGEA02H3John ParkinsonFall

MGEA02H3 Lecture Notes - Lecture 3: Demand Curve, Market Power, Marginal Cost

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13 Sep 2018
0
The farmer"s market outside utsc: can be open everyday or depending on hours, goods = tangible, service = intangible, what is competition, the rivalry
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UTSCMGEA02H3John ParkinsonFall

MGEA02H3 Lecture Notes - Lecture 2: Opportunity Cost, Marginal Product, Convex Set

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11 Sep 2018
0
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UTSCMGEA02H3John ParkinsonFall

MGEA02H3 Lecture Notes - Lecture 1: Opportunity Cost, Decision-Making, Mixed Economy

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6 Sep 2018
0
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UTSCMGEA02H3Parkinson, JFall

MGEA02H3 Lecture Notes - Lecture 25: Plywood, Autarky

OC11237474 Page
29 Nov
0
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UTSCMGEA02H3Parkinson, JFall

MGEA02H3 Lecture Notes - Lecture 24: Export Subsidy, Absolute Advantage, Autarky

OC11237476 Page
27 Nov
0
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UTSCMGEA02H3Parkinson, JFall

MGEA02H3 Lecture Notes - Lecture 23: Free Rider Problem, Market Failure, Marginal Cost

OC11237473 Page
22 Nov
0
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UTSCMGEA02H3Parkinson, JFall

MGEA02H3 Lecture Notes - Lecture 22: Market Failure, Oligopoly, Externality

OC11237475 Page
21 Nov 2019
0
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UTSCMGEA02H3Parkinson, JFall

MGEA02H3 Lecture Notes - Lecture 20: Breakfast Cereal, Oligopoly, Market Power

OC11237479 Page
14 Nov 2019
0
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UTSCMGEA02H3Parkinson, JFall

MGEA02H3 Lecture Notes - Lecture 19: Dynamic Efficiency, Excise, Allocative Efficiency

OC11237475 Page
8 Nov 2019
0
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UTSCMGEA02H3Parkinson, JFall

MGEA02H3 Lecture 18: Equilibrium

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6 Nov 2019
0
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UTSCMGEA02H3Parkinson, JFall

MGEA02H3 Lecture Notes - Lecture 17: Perfect Competition, Economic Surplus

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1 Nov 2019
0
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UTSCMGEA02H3Parkinson, JFall

MGEA02H3 Lecture Notes - Lecture 16: Market Power, Marginal Product, Takers

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30 Oct 2019
0
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UTSCMGEA02H3Parkinson, JFall

MGEA02H3 Lecture 15: Cost Production II

OC11237477 Page
24 Oct 2019
0
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UTSCMGEA02H3Parkinson, JFall

MGEA02H3 Lecture 10: Cost Production

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11 Oct 2019
0
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UTSCMGEA02H3TBAFall

MGEA02H3 Lecture 5: Cost Functions

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7 Oct 2019
0
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UTSCMGEA02H3TBAFall

MGEA02H3 Lecture 8: Tax and Elasticity

OC11237478 Page
30 Sep 2019
0
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UTSCMGEA02H3John ParkinsonFall

MGEA02H3- Final Exam Guide - Comprehensive Notes for the exam ( 178 pages long!)

OC537488178 Page
29 Mar 2018
0
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UTSCMGEA02H3John ParkinsonFall

MGEA02H3 Study Guide - Final Guide: Passive Smoking, Economic Equilibrium, Gif

OC53748866 Page
28 Feb 2018
0
Let"s focus on constant costs (is this realistic or just convenient?) Not realistic but convenient: demand increase in a pc industry in sr and lr. = (p
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UTSCMGEA02H3John ParkinsonFall

MGEA02H3 Study Guide - Final Guide: Becquerel, Invisible Hand, Opportunity Cost

OC53748861 Page
28 Feb 2018
0
A tax drives a wedge" between buyers and sellers. Sellers receive another price (the price buyers pay tax: we show this on graph by: If the tax is levi
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UTSCMGEA02H3John ParkinsonFall

MGEA02H3 Study Guide - Midterm Guide: United States Senate, Diminishing Returns, Real Gross Domestic Product

OC53748848 Page
28 Feb 2018
0
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UTSCMGEA02H3Gordon ClevelandFall

MGEA02H3 Lecture Notes - Lecture 10: Production Function, Fixed Cost, Variable Cost

OC5374882 Page
4 Nov 2015
56
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UTSCMGEA02H3Gordon ClevelandFall

MGEA02H3 Lecture Notes - Lecture 7: Demand Curve, Excise

OC5374882 Page
4 Nov 2015
34
Mgea02 lecture 7 elasticity tax incidence and tax burden. Key characteristic of demand and supply is elasticity. Elasticity of demand: ed =|(dq/dp) x (
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UTSCMGEA02H3Gordon ClevelandFall

MGEA02H3 Lecture Notes - Lecture 13: Invisible Hand, Demand Curve, Economic Equilibrium

OC5374882 Page
4 Nov 2015
80
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UTSCMGEA02H3Gordon ClevelandFall

MGEA02H3 Lecture Notes - Lecture 8: Demand Curve, Economic Surplus, Deadweight Loss

OC5374882 Page
4 Nov 2015
58
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UTSCMGEA02H3Gordon ClevelandFall

MGEA02H3 Lecture Notes - Lecture 9: Diminishing Returns, Marginal Product

OC5374881 Page
4 Nov 2015
35
Mgea02 lecture 9 production productivity and costs. Decisions by firms about how much to supply at a particular selling price are strongly related to t
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UTSCMGEA02H3Gordon ClevelandFall

MGEA02H3 Lecture 3: Demand and Supply

OC5374886 Page
4 Nov 2015
55
Mgea02 lecture 3 demand and supply in a competitive market. Demand curve tells us what would happen if the prices were at any value. Supply curve tells
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UTSCMGEA02H3Gordon ClevelandFall

MGEA02H3 Lecture Notes - Lecture 5: Economic Surplus

OC5374881 Page
4 Nov 2015
44
Mgea02 lecture 5 demand and utility. Demand curves are negatively sloped because people buy less when the price is high and less when the price is low.
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UTSCMGEA02H3Gordon ClevelandFall

MGEA02H3 Lecture Notes - Lecture 11: Opportunity Cost

OC5374882 Page
4 Nov 2015
49
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UTSCMGEA02H3Gordon ClevelandFall

MGEA02H3 Lecture Notes - Lecture 2: Opportunity Cost

OC5374881 Page
4 Nov 2015
66
Mgea02 lecture 2 production possibilities frontier (ppf) Economic resources are scarce the ppf shows the limit to what can be produced. Ppf is a set of
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UTSCMGEA02H3Gordon ClevelandFall

MGEA02H3 Lecture Notes - Lecture 6: Economic Surplus

OC5374881 Page
4 Nov 2015
39
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UTSCMGEA02H3Gordon ClevelandFall

MGEA02H3 Lecture Notes - Lecture 1: Opportunity Cost

OC5374881 Page
4 Nov 2015
52
Mgea02 lecture 1 opportunity cost; production possibilities frontier. Microeconomics the study of individual markets in the economy. Economics social s
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UTSCMGEA02H3Gordon ClevelandFall

MGEA02H3 Lecture Notes - Lecture 4: Price Ceiling, Price Floor

OC5374882 Page
4 Nov 2015
40
Supply curve has a positive slope because of increasing marginal costs. A point on the supply curve can mean: qa is the maximum quantity that suppliers
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UTSCMGEA02H3Gordon ClevelandFall

MGEA02H3 Study Guide - Midterm Guide: Yottabyte, Opportunity Cost, Takers

OC53748844 Page
28 Oct 2015
1003
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UTSCMGEA02H3Jack ParkinsonFall

MGEA02H3 Lecture Notes - Lecture 1: Opportunity Cost, Natural Monopoly, Human Capital

OC5528162 Page
12 Sep 2015
118
Office hours: tuesday & thursdays 1-2pm (or by appointment) Textbook: microeconomics 2nd canadian edition by: paul krugman. Grading scheme: midterm exa
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UTSCMGEA02H3John ParkinsonFall

MGEA02H3 Lecture Notes - Lecture 1: Opportunity Cost, Decision-Making, Mixed Economy

OC10247575 Page
6 Sep 2018
0
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UTSCMGEA02H3Jack ParkinsonFall

MGEA02H3 Lecture Notes - Lecture 1: Opportunity Cost, Enu, Paisa

OC239998130 Page
30 Mar 2018
0
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UTSCMGEA02H3John ParkinsonFall

MGEA02H3 Lecture Notes - Lecture 1: Opportunity Cost

Brigitte Tran2 Page
18 Apr 2017
0
Market econ: production/consumption results from decentralized decisions by many firms/ppl. Invisible hand: way which individuals pursuit of self-inter
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UTSCMGEA02H3John ParkinsonFall

MGEA02H3 Lecture Notes - Lecture 2: Opportunity Cost, Marginal Product, Convex Set

OC10247574 Page
11 Sep 2018
0
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UTSCMGEA02H3John ParkinsonFall

MGEA02H3 Lecture Notes - Lecture 26: Autarky, Comparative Advantage, Cultural Identity

OC10247573 Page
3 Dec 2018
0
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UTSCMGEA02H3John ParkinsonFall

MGEA02H3 Lecture Notes - Lecture 2: Opportunity Cost, Human Capital, European Cooperation In Science And Technology

Brigitte Tran3 Page
18 Apr 2017
0
Model: simplified representation of real situations to better understand real-life situations. Ceteris paribus: other things equal assumption, all othe
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UTSCMGEA02H3Gordon ClevelandFall

MGEA02H3 Lecture Notes - Lecture 1: Aggregate Supply, Aggregate Demand, Natural Monopoly

OC3325237 Page
19 Jan 2016
31
Perfectly competitive markets - short and long run. Efficiency in markets; regulation of natural monopoly. Market failures: externalities (e. g. , poll
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UTSCMGEA02H3Gordon ClevelandFall

MGEA02H3 Lecture Notes - Lecture 13: Invisible Hand, Demand Curve, Economic Equilibrium

OC5374882 Page
4 Nov 2015
80
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UTSCMGEA02H3John ParkinsonFall

MGEA02H3 Lecture Notes - Lecture 3: Demand Curve, Market Power, Marginal Cost

OC10247573 Page
13 Sep 2018
0
The farmer"s market outside utsc: can be open everyday or depending on hours, goods = tangible, service = intangible, what is competition, the rivalry
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UTSCMGEA02H3Gordon ClevelandFall

MGEA02H3 Chapter Notes - Chapter 5-10: Demand Shock, Hula Hoop, Fixed Cost

OC34807234 Page
24 Feb 2015
37
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UTSCMGEA02H3Iris AuFall

MGEA02H3 Chapter Notes - Chapter 4: The Wealthy Barber, Compound Interest, Dollar Cost Averaging

OC5907563 Page
30 Oct 2017
0
Read ch#1-4 of (cid:862)the wealthy ba(cid:396)be(cid:396)(cid:863) and answe(cid:396) the (cid:395)uestions below: Roy is saying that if (cid:455)ou s
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UTSCMGEA02H3Jack ParkinsonFall

MGEA02H3 Chapter All covered except topic 5: Fall Term Texbook Microeconomics Notes

OC13409359 Page
23 Jan 2017
4
Principle #1: choices are necessary because resources are scarce. Some choices are best not left to i(cid:374)di(cid:448)idual"s ex. Government purchas
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UTSCMGEA02H3Jack ParkinsonFall

MGEA02H3 Chapter 1-2: Chapter 1 and 2 Notes

OC49693312 Page
20 Jul 2015
0
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UTSCMGEA02H3Gordon ClevelandFall

MGEA02H3 Chapter Notes - Chapter 2-4: Price Elasticity Of Demand, Perfect Competition, Efficient-Market Hypothesis

OC34807229 Page
24 Feb 2015
22
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UTSCMGEA02H3Gordon ClevelandFall

chapter 1-4 formulas 2

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UTSCMGEA02H3Jack ParkinsonFall

MGEA02H3 Chapter 6-7: Chapter 6 & 7 Notes

OC49693312 Page
20 Jul 2015
0
This means that the price elasticity of demand is a negative number. Average value of x = starting value of x +final value of x. After a price increase
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UTSCMGEA02H3Jack ParkinsonFall

MGEA02H3 Chapter Notes - Chapter 5: Deadweight Loss, Economic Equilibrium, Opportunity Cost

OC25314282 Page
20 Oct 2018
0
Doesn"t always cause shortages i. if pc set above the equilibrium price, no effect c. Inefficiency in (lead to surplus = loss over + above dl) i. Deadw
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UTSCMGEA02H3Gordon ClevelandFall

Week 1 study guide

OC26024 Page
1 Dec 2010
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N market prices and quantities prices and quantities are determined in free markets in which would-be sellers compete to sell. N a production possibili
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UTSCMGEA02H3Jack ParkinsonFall

MGEA02H3 Chapter 3 & 5: Chapter 3 & 5 Notes

OC49693316 Page
20 Jul 2015
0
When a good is inferior, a rise in income shifts the demand curve to the left: a fall in income shifts the demand curve shifts the demand curve to the
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