Class Notes for ECON1101 at Australian National University

MICROECONOMICS: The study of individual firms within the market opposed to the entire economy NORMATIVE ANALYSIS: An analysis that makes recommendations about economic policies POSITIVE ANALYSIS: An analysis that explains ...

ECON1101 Introduction: Read Chapter 1 and 2 for tomorrow Look at the course outline (full outline) Every week upload tutorials for the following week Tutorials begin next week and end in week 12 Before tutorials wor...

ECON1101 Week 12 Lecture C Final Exam Layout: hour reading period followed by 3 hour exams Part A 10 short answer Part b answer 2 of 3 multi part questions Questions will generally be similar in nature to your tutorial q...

ECON1101 Week 10 Lecture C Externality: Impact of one agents actions on the wellbeing of a bystander Negative externality: an externality which has an adverse impact E.g. Upriver steel firm dumps waste in water causing har...

ECON1101 Week 12 Lecture A Relative Wages Given equil relative wages, 3 possible cases: Case X: If ww = 1.6 (no LCP for textiles) thus AUS produces both goods and is LCP of beef and FOR produces only textiles f Case Y: If ...

l e a r n • r e f e r e n c e • r e v i e w permacharts TM Mutual Funds WHAT IS A MUTUAL FUND? PURCHASING & REDEE...

Take a look at the big picture. This chart covers national income accounting, inflation, consumption, economic growth, money supply, labor markets, monetary policy, international trade, supply side economics, and fiscal po...

l e a r n • r e f e r e n c e • r e v i e w permacharts TM Microeconomics Microeconomics TYPES OF MARKETS ...

l e a r n • r e f e r e n c e • r e v i e w permacharts TM EEnvironmental Law ENVIRONMENTAL REGULATION NATIONAL ENVIRONMENTAL POL...