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All Educational Materials for ECO100Y1 at University of Toronto St. George (UTSG)

UTSGECO100Y1Davor PiskacFall

[ECO100Y1] - Final Exam Guide - Everything you need to know! (98 pages long)

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Week #2 comparative advantage and the gain from trade. Insight for last week (opportunity cost: predictions of economic analysis(rational decision-maki
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UTSGECO100Y1James PesandoFall

[ECO100Y1] - Final Exam Guide - Ultimate 24 pages long Study Guide!

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In the presence of scarcity we have to make choices. Problem of scarcity: implies that we must make choices, both individual and society as a whole. Ec
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UTSGECO100Y1Robert GazzaleFall

[ECO100Y1] - Final Exam Guide - Comprehensive Notes fot the exam (26 pages long!)

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Why international trade occurs and why economists believe is it beneficial. Imports: goods and services that come into a country. Exports: goods and se
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UTSGECO100Y1W.G.WolfsonFall

[ECO100Y1] - Final Exam Guide - Comprehensive Notes for the exam (61 pages long!)

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UTSGECO100Y1Robert GazzaleFall

[ECO100Y1] - Final Exam Guide - Ultimate 23 pages long Study Guide!

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Thinking like an economist - lectures 1 and 2. Models can be applied to scenarios to predict implication of a course of action. If predictions from mod
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UTSGECO100Y1James PesandoWinter

ECO100Y1- Final Exam Guide - Comprehensive Notes for the exam ( 343 pages long!)

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UTSGECO100Y1James PesandoWinter

[ECO100Y1] - Final Exam Guide - Ultimate 71 pages long Study Guide!

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UTSGECO100Y1Robert GazzaleFall

[ECO100Y1] - Final Exam Guide - Comprehensive Notes for the exam (57 pages long!)

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Way #1: give up giant steps value = . $ you pay + (net value of foregone opportunity) *because you use to go to the movies, you have to give up worth
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UTSGECO100Y1Robert GazzaleFall

[ECO100Y1] - Midterm Exam Guide - Ultimate 28 pages long Study Guide!

287
Way #1: give up giant steps value = . $ you pay + (net value of foregone opportunity) *because you use to go to the movies, you have to give up worth
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UTSGECO100Y1James PesandoFall

[ECO100Y1] - Midterm Exam Guide - Ultimate 14 pages long Study Guide!

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UTSGECO100Y1AllFall

ECO100Y1 Exam Solution: Demand Curve, Profit Maximization, Comparative Advantage

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UTSGECO100Y1AllFall

ECO100Y1 Exam Solution: Opportunity Cost, Indifference Curve, Arc Elasticity

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UTSGECO100Y1AllFall

ECO100Y1 Exam Solution: Xm Satellite Radio, Reserve Requirement, Government Spending

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UTSGECO100Y1AllFall

ECO100Y1 Exam Solution: Fiscal Multiplier, Reserve Requirement, Toxic Asset

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UTSGECO100Y1AllFall

ECO100Y1 - Final Exam - 2010 Winter

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UTSGECO100Y1AllFall

ECO100Y1 - Final Exam - 2011 Summer

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UTSGECO100Y1AllFall

ECO100Y1 Exam Solution: Average Cost, Marginal Revenue, Deadweight Loss

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UTSGECO100Y1AllFall

ECO100Y1 Exam Solution: Marginal Revenue, Economic Equilibrium, Price Equation

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UTSGECO100Y1AllFall

ECO100Y1 - Term Test 4 - 2012 Winter - Furlong

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UTSGECO100Y1AllFall

ECO100Y1 - Term Test 3 - 2013 Winter - Gazzale

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UTSGECO100Y1W.G.WolfsonFall

ECO 100 Course Outline(1).pdf

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UTSGECO100Y1AllFall

ECO100 study guide

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UTSGECO100Y1James Pesando

ECO100Y1 Lecture Notes - Lecture 21: Unemployment, Nairu, Output Gap

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[ragan, chapter 31, nairu, the "non-accelerating inflation rate of unemployment": all unemployment is either frictional or structural, no cyclical unem
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UTSGECO100Y1James Pesando

ECO100Y1 Lecture Notes - Lecture 23: Nominal Interest Rate, Real Interest Rate, Interest Rate

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UTSGECO100Y1James PesandoSummer

ECO100Y1 Lecture Notes - Lecture 1: Oligopoly, Monopolistic Competition, Externality

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UTSGECO100Y1Davor PiskacFall

ECO100Y1 Lecture Notes - Lecture 11: Absolute Advantage, Comparative Advantage, Trade Barrier

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UTSGECO100Y1Gustavo IndartSpring

ECO100Y1 Lecture Notes - Lecture 7: Air Canada, Canadian Airlines, Marginal Revenue

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Totsposes is the only photography business in town that specializes in portraits of small children. Sven, who owns and runs totsposes, expects to encou
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UTSGECO100Y1W.G.WolfsonSummer

eco100-summer9

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UTSGECO100Y1W.G.WolfsonFall

ECO100Y1 Lecture Notes - Ecolo

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UTSGECO100Y1Gustavo IndartSpring

ECO100Y1 Lecture Notes - Lecture 1: Traffic Ticket, Sport Canada, Opportunity Cost

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The economic way of thinking (marginal analysis and opportunity cost) You are planning a trip to ottawa, which is 400 miles. Except for the cost, you a
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UTSGECO100Y1James PesandoFall

ECO100Y1 Chapter Notes - Chapter 1: Productive Efficiency, Opportunity Cost

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Economics: the study of the way humans and societies organize themselves to make choices about the use of scarce resources, which are used to produce t
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UTSGECO100Y1James PesandoFall

ECO100Y1 Chapter Notes - Chapter 2: Gumdrop, Opportunity Cost, Comparative Advantage

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Topic 2 gains from trade (week two sep 20th sep 24th) Assume a society can only produce gumdrops and chocolates: Therefore ppf always bends outward. (m
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UTSGECO100Y1James PesandoFall

ECO100Y1 Chapter Notes - Chapter 4: Demand Curve, Economic Equilibrium, Inferior Good

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Quantity always on top, price always on the bottom average p. Elasticity: how much does a change in price affect the demand. Elastic demand: a 1% chang
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UTSGECO100Y1James PesandoFall

ECO100Y1 Chapter 6: 6 - Costs

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UTSGECO100Y1James PesandoFall

ECO100Y1 Chapter Notes - Chapter 3: Price Ceiling, Price Floor

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Draw the changes to find what increases/decreases and what stays the same. 3. 2: how well do markets work: markets do not always adjust as quickly as w
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UTSGECO100Y1Robert GazzaleFall

ECO100Y1,CH3,notes.docx

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UTSGECO100Y1Robert GazzaleFall

ECO100Y1 Chapter 1-8: Economics_4th_Edition_by_Paul_Krugman_Ro

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UTSGECO100Y1James PesandoFall

ECO100Y1 Chapter Notes - Chapter 2: Ceteris Paribus, Demand Curve

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Demand: the quantity that consumers are willing and able to buy per period of time at various prices. Indirect relationship (high price, low demand low
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UTSGECO100Y1James PesandoFall

ECO100Y1 Chapter Notes - Chapter 5: Marginal Utility, Economic Surplus, Demand Curve

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Utility: pleasure derived from a consumption of a product. Marginal utility: additional pleasure derived from consuming another unit of a product. You
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UTSGECO100Y1James PesandoFall

ECO100Y1 Chapter Notes - Chapter 7: Diminishing Returns, Marginal Cost, Marginal Product

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Topic 7 production & cost schedule (week seven oct 25th-nov 1st) Outline: production function, product schedule (short run) - law of diminishing return
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Society"s resources must be managed because resources are scarce: the limited nature of resources is referred to as scarcity. The study of how society
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Education typically increases the workers" wages from a human-capital view because it increases productivity; alternatively, education could also signa
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UTSGECO100Y1Davor PiskacFall

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UTSGECO100Y1Robert GazzaleFall

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UTSGECO100Y1W.G.WolfsonFall

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UTSGECO100Y1James PesandoWinter

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Consumer surplus and the demand curve: an individual consumer"s willingness to pay for a good is the maximum price at which he or she would buy the goo
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UTSGECO100Y1Gustavo IndartSpring

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UTSGECO100Y1Gustavo IndartSpring

ECO100Y1 Lecture Notes - Lecture 2: Fixed Cost

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UTSGECO100Y1Gustavo IndartSpring

ECO100Y1 Lecture Notes - Lecture 1: Traffic Ticket, Sport Canada, Opportunity Cost

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ECO100Y1 Lecture Notes - Lecture 2: Kilogram, Absolute Advantage, Comparative Advantage

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Canada and russia both produce wheat and meat. One canadian worker can produce 20 bushels of wheat per hour or 5 pounds of meat per hour. Russian worke
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UTSGECO100Y1Gustavo IndartSpring

ECO100Y1 Lecture Notes - Lecture 4: Allocative Efficiency, Economic Surplus, Demand Curve

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Applications of demand and supply; consumer demand theory. The government eliminates the tax on a carton of cigarettes. The tax on cigarettes is paid
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ECO100Y1 Lecture Notes - Lecture 3: Normal Good, Inferior Good, Price Ceiling

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