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All Educational Materials for CAS EC 101 at Boston University (BU)

BUCAS EC 101Michael ManoveFall

CAS EC 101- Final Exam Guide - Comprehensive Notes for the exam ( 88 pages long!)

88 Page
30 Nov 2017
Economic thinking helps us see things that other people might miss. Correct: e - sex is associated with unhappiness among harvard students who see psyc
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BUCAS EC 101Michael ManoveFall

CAS EC 101- Final Exam Guide - Comprehensive Notes for the exam ( 30 pages long!)

30 Page
28 Mar 2018
No, because rents guide inputs to the producer that values them the most. Example: best soccer player gets paid most by the team that allows him to ent
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BUCAS EC 101Todd IdsonFall

CAS EC 101- Final Exam Guide - Comprehensive Notes for the exam ( 45 pages long!)

45 Page
30 Nov 2017
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BUCAS EC 101Todd IdsonFall

[CAS EC 101] - Final Exam Guide - Everything you need to know! (51 pages long)

51 Page
29 Nov 2016
Anything free in society, something that has no value. Ex: parking space, they have no other use when no one is using it. Everything that has an altern
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BUCAS EC 101Michael ManoveFall

[CAS EC 101] - Final Exam Guide - Comprehensive Notes for the exam (85 pages long!)

85 Page
29 Nov 2016
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BUCAS EC 101Todd IdsonFall

[CAS EC 101] - Midterm Exam Guide - Everything you need to know! (35 pages long)

35 Page
5 Oct 2016
Anything free in society, something that has no value. Ex: parking space, they have no other use when no one is using it. Everything that has an altern
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BUCAS EC 101Neal BeckerFall

CAS EC 101- Midterm Exam Guide - Comprehensive Notes for the exam ( 46 pages long!)

46 Page
6 Oct 2017
Costs: definition of scarcity - a situation in which unlimited wants exceed the limited resources available to fulfill those wants, firm"s resources (w
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BUCAS EC 101Michael ManoveFall

[CAS EC 101] - Midterm Exam Guide - Ultimate 25 pages long Study Guide!

25 Page
5 Oct 2016
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BUCAS EC 101Todd IdsonFall

CAS EC 101- Midterm Exam Guide - Comprehensive Notes for the exam ( 15 pages long!)

15 Page
6 Oct 2017
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BUCAS EC 101Michael ManoveFall

SCAN0017.PDF

1 Page
20 Mar 2013
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BUCAS EC 101AllFall

CAS EC 101 Study Guide - Final Guide: Scantron Corporation, Marginal Utility, Janet Yellen

8 Page
9 Jan 2019
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BUCAS EC 101AllFall

CAS EC 101 Study Guide - Final Guide: Scantron Corporation, Market Power, Aquifer

8 Page
9 Jan 2019
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BUCAS EC 101AllFall

CAS EC 101 Study Guide - Final Guide: Scantron Corporation, Marginal Revenue, Market Power

8 Page
9 Jan 2019
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BUCAS EC 101AllFall

CAS EC 101 Study Guide - Final Guide: Scantron Corporation, Marginal Utility, Perfect Competition

8 Page
9 Jan 2019
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BUCAS EC 101AllFall

CAS EC 101 Final: EC101DDFinalV8 2017

8 Page
9 Jan 2019
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BUCAS EC 101AllFall

CAS EC 101 Final: EC101DDFinalV5 2017

8 Page
9 Jan 2019
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BUCAS EC 101AllFall

CAS EC 101 Final: EC101DDFinalV5 2017

8 Page
9 Jan 2019
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BUCAS EC 101AllFall

CAS EC 101 Study Guide - Midterm Guide: Scantron Corporation, Economic Efficiency, Pareto Efficiency

5 Page
9 Jan 2019
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BUCAS EC 101AllFall

CAS EC 101 Final: EC101DDFinalV6 2017

8 Page
9 Jan 2019
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BUCAS EC 101AllFall

CAS EC 101 Final: EC101EEFinal V2 2017

8 Page
9 Jan 2019
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BUCAS EC 101Bruce WatsonFall

CAS EC 101 Lecture Notes - Lecture 41: Coase Theorem, Deadweight Loss, Influenza Vaccine

2 Page
7 Dec 2018
The dwl is below msc and above mpc. The market, left alone, gets quantity wrong. Msc = marginal private cost + additional cost to society. The dwl is b
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BUCAS EC 101Bruce WatsonFall

CAS EC 101 Lecture Notes - Lecture 40: Deadweight Loss, Demand Curve, Externality

2 Page
5 Dec 2018
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BUCAS EC 101Bruce WatsonFall

CAS EC 101 Lecture Notes - Lecture 36: Pareto Efficiency, Imperfect Competition, Perfect Competition

3 Page
4 Dec 2018
Asymmetric information: adverse selection, market unraveling , remedies, screening, signaling. There are many firms producing homogeneous products: non
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BUCAS EC 101Bruce WatsonFall

CAS EC 101 Lecture Notes - Lecture 39: Marginal Cost, Demand Curve, Externality

2 Page
4 Dec 2018
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BUCAS EC 101Bruce WatsonFall

CAS EC 101 Lecture 38: notes11.30.18

OC25447502 Page
30 Nov 2018
0
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BUCAS EC 101Bruce WatsonFall

CAS EC 101 Lecture Notes - Lecture 37: Moral Hazard, Externality

2 Page
28 Nov 2018
Market screening: process where an uninformed party attempts to gather information about the product or service offered by the informed party, example:
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BUCAS EC 101Bruce WatsonFall

CAS EC 101 Lecture Notes - Lecture 41: Coase Theorem, Deadweight Loss, Influenza Vaccine

2 Page
7 Dec 2018
The dwl is below msc and above mpc. The market, left alone, gets quantity wrong. Msc = marginal private cost + additional cost to society. The dwl is b
View Document
BUCAS EC 101Bruce WatsonFall

CAS EC 101 Lecture Notes - Lecture 40: Deadweight Loss, Demand Curve, Externality

2 Page
5 Dec 2018
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BUCAS EC 101Bruce WatsonFall

CAS EC 101 Lecture Notes - Lecture 19: Market Power, Profit Maximization, Perfect Competition

3 Page
19 Oct 2018
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BUCAS EC 101Bruce WatsonFall

CAS EC 101 Lecture Notes - Lecture 37: Moral Hazard, Externality

2 Page
28 Nov 2018
Market screening: process where an uninformed party attempts to gather information about the product or service offered by the informed party, example:
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BUCAS EC 101Bruce WatsonFall

CAS EC 101 Lecture Notes - Lecture 15: Budget Constraint, Indifference Curve, Normal Good

3 Page
10 Oct 2018
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BUCAS EC 101Bruce WatsonFall

CAS EC 101 Lecture Notes - Lecture 23: Monopolistic Competition, Marginal Revenue, Demand Curve

6 Page
27 Oct 2018
Free entry and exit -> like perfect competition. Downward sloping demand curve -> like monopoly. These firms are the only ones that are able to be in t
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BUCAS EC 101Bruce WatsonFall

CAS EC 101 Lecture Notes - Lecture 39: Marginal Cost, Demand Curve, Externality

2 Page
4 Dec 2018
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BUCAS EC 101Bruce WatsonFall

CAS EC 101 Lecture Notes - Lecture 41: Arthur Cecil Pigou, Coase Theorem, Demand Curve

2 Page
10 Dec 2018
Ec 101 lecture 41 - responses to externalities. **supply curve always show marginal private cost. The marginal social cost is only equal to marginal pr
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BUCAS EC 101Michael ManoveFall

CAS EC 101 Lecture Notes - Lecture 5: Ge Honda Hf120, Starch, Broccoli

3 Page
2 Apr 2017
Static menu: all guests offered same food selection and rarely changes once established. Cycle menu: developed to be used during a set period. Seasonal
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BUCAS EC 101Bruce WatsonFall

CAS EC 101 Lecture Notes - Lecture 36: Pareto Efficiency, Imperfect Competition, Perfect Competition

3 Page
4 Dec 2018
Asymmetric information: adverse selection, market unraveling , remedies, screening, signaling. There are many firms producing homogeneous products: non
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BUCAS EC 101Michael ManoveFall

CAS EC 101 Chapter Notes -Midpoint Method, Price Ceiling, Tax Wedge

35 Page
12 Mar 2013
Buyer and seller both want the transaction: voluntary exchange (market) Buyer does not want to buy at a price, but seller wants to sell: subsidy. Buyer
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BUCAS EC 101AllSpring

CAS EC 101 Chapter Notes - Chapter 1: Opportunity Cost, Risk Compensation

5 Page
21 Apr 2011
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BUCAS EC 101Neal BeckerFall

CAS EC 101 Chapter Notes - Chapter 5.1: Market Failure, Cost, Deadweight Loss

6 Page
12 Oct 2017
Example of a positive externality - production of college educations because people who do not pay for them will nonetheless benefit from them. How a n
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BUCAS EC 101Todd IdsonFall

CAS EC 101 Chapter Notes - Chapter 7: Externality, Market Failure, Organ Trade

2 Page
3 Nov 2017
How the allocation of resources affect economic well-being. Amount gained when the buyer pays less than expected. Willingness to pay the maximum amount
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BUCAS EC 101Todd IdsonFall

CAS EC 101 Chapter Notes - Chapter 1~6: Marginal Utility, Marginal Cost, Opportunity Cost

27 Page
29 Oct 2018
Scarcity society has limited resources and therefore cannot produce all the goods and services people wish to have. The study of how the society should
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BUCAS EC 101Todd IdsonFall

CAS EC 101 Chapter Notes - Chapter 4: Market Clearing, Shortage, Heat Wave

5 Page
24 Sep 2016
Supply and demand are two words economist use most. Determine quantity of each good produced and price at which it"s sold. Determines prices in a marke
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BUCAS EC 101Neal Becker

CAS EC 101 Chapter Notes - Chapter 3.1: Economic Equilibrium, Deadweight Loss, Masala Chai

8 Page
15 Oct 2017
. 20, while the marginal cost is only . 80. Firms would only be willing to supply this cup at . 20 which is sh. 40 higher than what consumers would be
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BUCAS EC 101Todd IdsonFall

CAS EC 101 Chapter Notes - Chapter 14: Average Variable Cost, Sunk Costs, Marginal Revenue

3 Page
7 Feb 2014
Competitive market (perfectly competitive market): many buyers and sellers, offers the same goods and firms can enter and exit freely. Actions of singl
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BUCAS EC 101Neal Becker

CAS EC 101 Chapter Notes - Chapter 3.1: Inferior Good, Normal Good, Ceteris Paribus

6 Page
14 Oct 2017
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BUCAS EC 101Neal BeckerFall

CAS EC 101 Chapter Notes - Chapter Chapter 2: 2.1: Sport Utility Vehicle, Production Function, Opportunity Cost

15 Page
25 Sep 2017
Costs: definition of scarcity - a situation in which unlimited wants exceed the limited resources available to fulfill those wants, firm"s resources (w
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BUCAS EC 101Michael ManoveFall

[CAS EC 101] - Final Exam Guide - Comprehensive Notes for the exam (85 pages long!)

85 Page
29 Nov 2016
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BUCAS EC 101Todd IdsonFall

[CAS EC 101] - Final Exam Guide - Everything you need to know! (51 pages long)

51 Page
29 Nov 2016
Anything free in society, something that has no value. Ex: parking space, they have no other use when no one is using it. Everything that has an altern
View Document
BUCAS EC 101Michael ManoveFall

CAS EC 101- Final Exam Guide - Comprehensive Notes for the exam ( 88 pages long!)

88 Page
30 Nov 2017
Economic thinking helps us see things that other people might miss. Correct: e - sex is associated with unhappiness among harvard students who see psyc
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BUCAS EC 101AllFall

CAS EC 101 Midterm: EC101 Term Test 2 2010 Fall

13 Page
10 Oct 2018
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BUCAS EC 101AllFall

CAS EC 101 Midterm: EC101 Term Test 2 Practice

15 Page
10 Oct 2018
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BUCAS EC 101Bruce WatsonFall

CAS EC 101 Study Guide - Final Guide: Economic Surplus, Price Ceiling, Everytime

14 Page
13 Dec 2018
Section 1: producer & consumer surplus good or service. Consumer surplus is difference between the price a consumer is willing to pay for a. Consumer s
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BUCAS EC 101Bruce WatsonFall

CAS EC 101 Lecture Notes - Lecture 41: Coase Theorem, Deadweight Loss, Influenza Vaccine

2 Page
7 Dec 2018
The dwl is below msc and above mpc. The market, left alone, gets quantity wrong. Msc = marginal private cost + additional cost to society. The dwl is b
View Document
BUCAS EC 101Todd IdsonFall

[CAS EC 101] - Midterm Exam Guide - Everything you need to know! (35 pages long)

35 Page
5 Oct 2016
Anything free in society, something that has no value. Ex: parking space, they have no other use when no one is using it. Everything that has an altern
View Document
BUCAS EC 101AllFall

CAS EC 101 Final: EC101 Final Exam 2011 Fall

7 Page
10 Oct 2018
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BUCAS EC 101AllFall

CAS EC 101 Midterm: EC 101 Practice Midterm 1 2011 Spring

14 Page
1 Oct 2018
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BUCAS EC 101Neil WatsonFall

CAS EC 101 Lecture 1: (WHOLE NOTEBOOK FOR ENTIRE CLASS)

100 Page
7 Feb 2019
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BUCAS EC 101AllFall

CAS EC 101 Study Guide - Final Guide: Scantron Corporation, Externality, Janet Yellen

8 Page
9 Jan 2019
Fill in your name, student id, discussion section number (e. g. d5) and your signature. Enter the course number (ec101 dd or ee) and date on the lines
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BUCAS EC 101AllFall

CAS EC 101 Study Guide - Final Guide: Scantron Corporation, Marginal Utility, Perfect Competition

8 Page
9 Jan 2019
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BUCAS EC 101AllFall

CAS EC 101 Final: EC101DDFinalV8 2017

8 Page
9 Jan 2019
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BUCAS EC 101AllFall

CAS EC 101 Final: EC101DDFinalV6 2017

8 Page
9 Jan 2019
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BUCAS EC 101AllFall

CAS EC 101 Final: EC101DDFinalV5 2017

8 Page
9 Jan 2019
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BUCAS EC 101AllFall

CAS EC 101 Final: EC101EE Final V1 2017

8 Page
9 Jan 2019
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BUCAS EC 101AllFall

CAS EC 101 Final: EC101EEFinal V2 2017

8 Page
9 Jan 2019
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BUCAS EC 101AllFall

CAS EC 101 Study Guide - Final Guide: Scantron Corporation, Shortage, Price Floor

8 Page
9 Jan 2019
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BUCAS EC 101AllFall

CAS EC 101 Study Guide - Final Guide: Scantron Corporation, Inferior Good, Demand Curve

8 Page
9 Jan 2019
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