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Class Notes (1,032,290)
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ECON 1000 (238)

Class Notes for ECON 1000 at Carleton University

Introduction to Economics

ECON 1000 Lecture Notes - Lecture 17: Tax Rate, Marginal Utility, Regressive Tax
24HR
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Econ 1000 - Week 9 – Lecture 17 In terms of tax and income as the axis on a graph:  If slope is 0 than so is the marginal tax rate  If slope is one, after every dollar you in you get to keep that extra ...

Economics
ECON 1000
Nick Rowe
ECON 1000 Lecture Notes - Lecture 23: Nash Equilibrium, Vise, Oligopoly
24HR
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Econ 1000 – Week 12 Lecture 23  Oligopoly:  Prisoners’ Dilemma: o Game Theory: a way to study human relations  Cuts across disciplines  A way of thinking of human inter...

Economics
ECON 1000
Nick Rowe
ECON 1000 Lecture 1: Week 1
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Econ 1000:Week 1; Lecture 1 – Syllabus and Introductory Concepts  Contact Information: nick.rowe@carleton.ca / 613-520-2600 ext. 3778 / Office; Loeb B843 / Office Hours – Wed 1:00 to 2:00 and Fri 10:30 to 12:00 ...

Economics
ECON 1000
Nick Rowe
ECON 1000 Lecture Notes - Lecture 20: Average Cost, Average Variable Cost, Demand Curve
24HR
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Econ 1000 – Week 11 – Lecture 20  Shifts in the global market of economies have adverse effects on individual firms  Shifts in the demand curve of the market also vertically shift the individual fir...

Economics
ECON 1000
Nick Rowe
ECON 1000 Lecture Notes - Lecture 9: Lead
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Econ 1000 – Week 5 – Lecture 9 Price Ceilings (max) and Floors (min) – Chap6  Can’tgo aboveprice maximumor belowprice minimum  Quantityboughtandquantitydemandedare2very differentthings.  Quantitysoldandboug...

Economics
ECON 1000
Nick Rowe
ECON 1000 Lecture Notes - Lecture 16: Negative Income Tax, Proportional Tax, Regressive Tax
24HR
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Econ 1000 – Week 9 – Lecture 16  Elasticity matters when it comes to taxes and subsidies.  Fly paper theory: if you tax something, where it lands will where it will be (wrong).  Tax incidents, introducing taxes...

Economics
ECON 1000
Nick Rowe
ECON 1000 Lecture Notes - Lecture 11: Pareto Efficiency, Market Power
24HR
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Econ 1000 – Week 6 – Lecture 11  Totalsurplus=Consumersurplus+ producersurplus  The marginalcoststo producebefore theequilibriumpricewillgenerally alwaysbe the lowest.  After the equilibriumpoint,producersgenera...

Economics
ECON 1000
Nick Rowe
ECON 1000 Lecture Notes - Lecture 19: Diminishing Returns, Marginal Cost, Marginal Product
24HR
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Econ 1000 – Week 10 – Lecture 19  Costs curves are generally a U shape. o Due to the reason that diminishing returns and diminishing products the marginal costs will increase per unit produced....

Economics
ECON 1000
Nick Rowe
ECON 1000 Lecture Notes - Lecture 6: Demand Curve
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Econ 1000 – Week 3 – Lecture 6  Quantityofdemanddependsonpricesofyour goodsor other goods, income as wellas preferences,andmanyothervariables.  If youare tryingto grapha multi-dimensionalproblemon2-dimensional ...

Economics
ECON 1000
Nick Rowe
ECON 1000 Lecture 7: Week 4
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Econ 1000 – Week 4 – Lecture 7 CompetitiveMarkets:  In a competitivemarket there’slotsofbuyers  Each buyeris a small partofthe market (demand)  Lots ofsmallsellers,each selleris a smallpartof themarket ...

Economics
ECON 1000
Nick Rowe
ECON 1000 Lecture Notes - Lecture 3: Market Failure
24HR
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ECON 1000- Lecture 3 – Week 2  PASS: Wed @ 10-1130am (PA 240) or5:30-7pm (PA 101)  Principle5: Trademakes everyone betteroff; o Specializationandinterdependencemakeseveryone better off. o Everyo...

Economics
ECON 1000
Nick Rowe
ECON 1000 Lecture 8: Week 4
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Econ 1000 – Week 4 – Lecture 8  E= %change in Qd / %changein P (elasticity)  Midpointmethod:usethemiddlepointbetweentwo pointsto calculatethe %change between two points.(averagebetween two different...

Economics
ECON 1000
Nick Rowe
ECON 1000 Lecture Notes - Lecture 15: Private Good, Externality, Price Discrimination
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Econ 1000 – Week 8 – Lecture 15  Externalities can also be problems from absences of markets  Transaction costs can influence economic behavior. Low costs equal rational behavior + property rights.  H...

Economics
ECON 1000
Nick Rowe
ECON 1000 Lecture Notes - Lecture 4: Autarky
24HR
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Econ 1000 – Week 2 – Lecture 4  David Ricardo’sdifficultideaandcomparativeadvantage o Free tradegenerallyalways benefitseveryone  Opportunitycostsofproducingdifferentgoods means you ...

Economics
ECON 1000
Nick Rowe
ECON 1000 Lecture Notes - Lecture 2: Shampoo, Opportunity Cost, Production Function
24HR
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th Econ 1000 – Week1, Lecture2, Sept 9  Graphs can give information about relations between production and quantity. (Production function)  Some graphs can help us understand tradeoffs. o Opportun...

Economics
ECON 1000
Nick Rowe
Permachart - Marketing Reference Guide: Net Asset Value, Mutual Fund, U.S. Securities And Exchange Commission

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...

Biology
BIOL2721
All Professors
Macroeconomics - Reference Guides

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...

Business and Political Economy Program
BPEP-UB 2
All Professors
Permachart - Marketing Reference Guide: Marginal Revenue, Profit Maximization, Marginal Cost

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 ...

E-Business Marketing
ECN 102
All Professors
Permachart - Marketing Reference Guide: National Environmental Policy Act, Municipal Solid Waste, Criteria Air Contaminants

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...

LAW
LAW 356
All Professors

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