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UMDECON 200MoodySpring

ECON 200- Final Exam Guide - Comprehensive Notes for the exam ( 32 pages long!)

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UMDECON 200Robert SchwabFall

[ECON 200] - Final Exam Guide - Comprehensive Notes for the exam (40 pages long!)

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Ex: once rent is paid, that dollar amount is no longer recoverable - it is "sunk. " Efficiency describes a situation in which resources are used in the
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UMDECON 200Hossien AbbasiFall

ECON 200 Study Guide - Comprehensive Final Exam Guide - Economic Equilibrium, Demand Curve, Point Of Sale

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Cost and benefit is a big part about choice. Economics is the study of how people manage resources. Economics is the study of choices people make. R aw
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UMDECON 200Hossein AbbasiFall

ECON 200 Study Guide - Comprehensive Final Exam Guide - Root Mean Square, Marginal Cost, Opportunity Cost

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UMDECON 200schwabFall

ECON 200- Final Exam Guide - Comprehensive Notes for the exam ( 144 pages long!)

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Microeconomics lecture 1: syllabus & chapter 1 (august 29th, 2017: note: much of this class talks about logistics for the semester, any actual economic
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UMDECON 200Hossien AbbasiFall

ECON 200 Study Guide - Fall 2018, Comprehensive Midterm Notes - Economic Equilibrium, Demand Curve, Point Of Sale

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Cost and benefit is a big part about choice. Economics is the study of how people manage resources. Economics is the study of choices people make. R aw
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UMDECON 200Robert SchwabFall

[ECON 200] - Midterm Exam Guide - Comprehensive Notes for the exam (26 pages long!)

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Ex: once rent is paid, that dollar amount is no longer recoverable - it is "sunk. " Efficiency describes a situation in which resources are used in the
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UMDECON 200AbassiFall

ECON 200 Study Guide - Fall 2018, Comprehensive Midterm Notes -

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UMDECON 200AllFall

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UMDECON 200AllSpring

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UMDECON 200AllSpring

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UMDECON 200AllFall

Exam 1

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UMDECON 200AllFall

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UMDECON 200AllFall

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UMDECON 200AllSpring

Final Exam

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UMDECON 200AllSpring

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UMDECON 200AllSpring

Final Exam

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UMDECON 200AllFall

Exam 1

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UMDECON 200allSpring

ECON 200 Study Guide - Final Guide: Confounding, Institutional Review Board, Lightning Rod

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UMDECON 200allFall

ECON 200 Final: Complete and Comprehensive 79-Page Final Exam Study Guide- Fall 2015

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UMDECON 200allFall

ECON 200 Lecture Notes - Lecture 28: West Bank Areas In The Oslo Ii Accord, Social Insurance, Gini Coefficient

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UMDECON 200allFall

ECON 200 Lecture Notes - Lecture 27: Business Cycle, Banana Passionfruit, Payroll Tax

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UMDECON 200allFall

ECON 200 Lecture Notes - Lecture 26: Coase Theorem, Externality, European Union Emission Trading Scheme

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UMDECON 200allFall

ECON 200 Lecture Notes - Lecture 25: Cost, Externality, Social Cost

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UMDECON 200allFall

ECON 200 Lecture Notes - Lecture 24: Autarky, Market Power, Economic Surplus

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UMDECON 200allFall

ECON 200 Lecture Notes - Lecture 23: Efficiency Wage, Price Floor, Efficient-Market Hypothesis

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UMDECON 200allFall

ECON 200 Lecture Notes - Lecture 22: Oligopoly, Market Power, Competitive Equilibrium

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UMDECON 200allFall

ECON 200 Lecture Notes - Lecture 21: Monopolistic Competition, Oligopoly, Perfect Competition

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UMDECON 200allFall

ECON 200 Lecture Notes - Lecture 20: Economic Surplus, Price Discrimination, Economic Equilibrium

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UMDECON 200allFall

ECON 200 Lecture Notes - Lecture 19: Demand Curve, Marginal Revenue, Natural Monopoly

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UMDECON 200allFall

ECON 200 Lecture Notes - Lecture 18: Average Variable Cost, Taipei Metro, Perfect Competition

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UMDECON 200allFall

ECON 200 Lecture Notes - Lecture 17: Perfect Competition, Market Power, Takers

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UMDECON 200allFall

ECON 200 Lecture Notes - Lecture 16: Production Function, Variable Cost, Average Variable Cost

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UMDECON 200allFall

ECON 200 Lecture Notes - Lecture 15: Interest Rate, Stereotype, Opportunity Cost

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UMDECON 200allFall

ECON 200 Lecture Notes - Lecture 14: Moral Hazard, Used Car

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UMDECON 200allFall

ECON 200 Lecture Notes - Lecture 13: Cirque, Nash Equilibrium, Repeated Game

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Economists define games as situations involving at least two people in which they must think strategically. Games are the core of game theory. Game the
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UMDECON 200allFall

ECON 200 Lecture Notes - Lecture 12: Nash Equilibrium, Strategic Dominance, Mancala

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UMDECON 200allFall

ECON 200 Lecture Notes - Lecture 11: Dynamic Inconsistency, Revealed Preference, Cognitive Bias

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Econ 200 - lecture 11 - government intervention part 2 and behavioral economics. The difference between what consumers pay and what firms keep must be
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UMDECON 200allFall

ECON 200 Lecture Notes - Lecture 5: Hot Dog Bun, Iphone 6, Demand Curve

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UMDECON 200allFall

ECON 200 Lecture Notes - Lecture 7: Inferior Good, Normal Good, Demand Curve

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UMDECON 200allFall

ECON 200 Lecture Notes - Lecture 10: Shortage, Economic Equilibrium, Price Controls

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UMDECON 200allFall

ECON 200 Lecture Notes - Lecture 4: Opportunity Cost, Comparative Advantage, Absolute Advantage

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UMDECON 200allFall

ECON 200 Lecture Notes - Lecture 6: Demand Curve, Economic Equilibrium, Shortage

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UMDECON 200allFall

ECON 200 Lecture Notes - Lecture 9: Reservation Price, Demand Curve, Perfect Competition

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Willingness to pay and reservation price are interchangeable terms. Doesn"t have to be the actual price. Auctions are a great example for how willingne
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UMDECON 200allFall

ECON 200 Lecture 8: Elasticity Part 2

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Size of the change in the quantity supplied of a good or service when its price changes. Measures the producer"s responses to changes in price. Flour i
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UMDECON 200allFall

ECON 200 Lecture Notes - Lecture 3: Sunk Costs, Marginal Utility, Absolute Advantage

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UMDECON 200allFall

ECON 200 Lecture Notes - Lecture 1: Dean Karlan, Mcgraw-Hill Education, Problem Set

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UMDECON 200allFall

ECON 200 Lecture Notes - Lecture 2: Netflix, Opportunity Cost

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UMDECON 200allFall

ECON 200 Lecture Notes - Lecture 10: Shortage, Economic Equilibrium, Price Controls

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UMDECON 200allFall

ECON 200 Lecture Notes - Lecture 28: West Bank Areas In The Oslo Ii Accord, Social Insurance, Gini Coefficient

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32
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UMDECON 200Hossein AbbasiFall

ECON 200 Lecture Notes - Lecture 13: Marginal Revenue, Root Mean Square, Variable Cost

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Firms make decisions on how much of a good to produce. Like any other choice, this involves cost-bene t analysis. We will study the marginal cost and m
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UMDECON 200allFall

ECON 200 Lecture Notes - Lecture 27: Business Cycle, Banana Passionfruit, Payroll Tax

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UMDECON 200allFall

ECON 200 Lecture Notes - Lecture 20: Economic Surplus, Price Discrimination, Economic Equilibrium

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231
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UMDECON 200Hossein AbbasiFall

ECON 200 Lecture Notes - Lecture 14: Market Power, Perfect Competition, Root Mean Square

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This chapter analyzes how rms make production decisions in a competitive market. The characteristics of a competitive market are: (cid:12254) buyers an
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UMDECON 200Robert SchwabFall

ECON 200 Lecture Notes - Lecture 1: Midpoint Method, Negative Number, Substitute Good

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Price elasticity of demand: the price elasticity of demand describes the size of the change in the quantity demanded of a good or service when its pric
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UMDECON 200Robert SchwabFall

ECON 200 Lecture Notes - Lecture 1: Deadweight Loss, Price Controls

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Four types of intervention: price controls, price ceilings, price floors, quantity controls, taxes. Price ceilings are like air conditioning: deadweigh
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UMDECON 200Hossein AbbasiFall

ECON 200 Lecture Notes - Lecture 12: Strategic Dominance, Word Game, Nash Equilibrium

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People behave rationally when they look at the trade-o s they face and pursue their goals in the most e ective way possible. To economists, games are n
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UMDECON 200Robert SchwabFall

ECON 200 Lecture Notes - Lecture 1: Economic Equilibrium, Stock Market, Takers

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Non-price determinants of demand: consumer preferences (including demographics, prices of related goods: complements and substitutes, expectations. Sub
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UMDECON 200Cindy ClementsFall

ECON 200 Chapter Notes - Chapter 17: Autarky, Economic Surplus, Factor Endowment

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Absolute advantage- the ability to produce more of a good than others with a. Comparative advantage- the ability to produce a good or service at a lowe
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UMDECON 200Cindy ClementsFall

ECON 200 Chapter Notes - Chapter 19: Public Good, Overconsumption, Private Good

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Excludable- a characteristic of a good or service that allows owners to prevent its use by people who have not paid for it. Excludability matters becau
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UMDECON 200Cindy ClementsFall

ECON 200 Chapter 1: Economics and Life

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Economics- the study of how people, individually, and collectively, manage resources. Microeconomics- the study of how individuals and firms manage res
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UMDECON 200Cindy ClementsFall

ECON 200 Chapter Notes - Chapter 8: Behavioral Economics, Sunk Costs, Cognitive Bias

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Chapter 8: behavioral economics: a closer look at decision making. Behavioral economics- a field of economics that draws on insights from psychology to
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UMDECON 200Robert SchwabSpring

ECON 200 Chapter Notes - Chapter 1: Mashed Potato, Marginal Cost, Fried Rice

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7:19 pm scarcity: the limited nature of society"s resources economics: study of how the society manage its scarce resources | because resources are all
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UMDECON 200allSummer

ECON 200 Chapter 6: Chapter 6

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UMDECON 200Cindy ClementsFall

ECON 200 Chapter Notes - Chapter 20: Deadweight Loss, Income Tax, The Surplus

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Revenue allows governments to provide goods and services to citizens. Many tax-funded programs are attended to increase surplus and stimulate economic
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UMDECON 200Cindy ClementsFall

ECON 200 Chapter Notes - Chapter 18: Economic Surplus, Social Cost, Demand Curve

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UMDECON 200Cindy ClementsFall

ECON 200 Chapter Notes - Chapter 9: Nash Equilibrium, Strategic Dominance, Sequential Game

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Game- a situation involving at least two people that requires those involved to. Game theory- the study of how people behave strategically under differ
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UMDECON 200allSummer

ECON 200 Chapter 12: Chapter 12

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UMDECON 200Robert SchwabFall

[ECON 200] - Final Exam Guide - Comprehensive Notes for the exam (40 pages long!)

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Ex: once rent is paid, that dollar amount is no longer recoverable - it is "sunk. " Efficiency describes a situation in which resources are used in the
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UMDECON 200Cindy ClementFall

ECON 200 Study Guide - Midterm Guide: Budget Constraint, Fixed Cost, Nash Equilibrium

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Problem a. maya earns dollars a month and spends her income on clothing and books. The price of books is and the price of clothing is : show maya"s b
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UMDECON 200Cindy ClementFall

ECON 200 Study Guide - Final Guide: Association To Advance Collegiate Schools Of Business

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UMDECON 200allFall

ECON 200 Final: Complete and Comprehensive 79-Page Final Exam Study Guide- Fall 2015

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UMDECON 200allSpring

ECON 200 Study Guide - Final Guide: Confounding, Institutional Review Board, Lightning Rod

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UMDECON 200Cindy ClementsFall

ECON 200 Chapter Notes - Chapter 17: Autarky, Economic Surplus, Factor Endowment

OC4135479 Page
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Absolute advantage- the ability to produce more of a good than others with a. Comparative advantage- the ability to produce a good or service at a lowe
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UMDECON 200Cindy ClementsFall

ECON 200 Chapter Notes - Chapter 19: Public Good, Overconsumption, Private Good

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Excludable- a characteristic of a good or service that allows owners to prevent its use by people who have not paid for it. Excludability matters becau
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UMDECON 200Robert SchwabFall

[ECON 200] - Midterm Exam Guide - Comprehensive Notes for the exam (26 pages long!)

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Ex: once rent is paid, that dollar amount is no longer recoverable - it is "sunk. " Efficiency describes a situation in which resources are used in the
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UMDECON 200allFall

ECON 200 Lecture Notes - Lecture 10: Shortage, Economic Equilibrium, Price Controls

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UMDECON 200Cindy ClementFall

ECON 200 Study Guide - Final Guide: Laffer Curve, Moral Hazard, Dynamic Inconsistency

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The lemons problem is used to explain the concept of: complete information, adverse selection, moral hazard, collective bargaining, procrastination can
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