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Class Notes for Economics at Concordia University

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ECON 201 Lecture Notes - Lecture 25: Deadweight Loss, Economic Surplus, World Trade Organization
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ECON 201 Lecture 25 (CHAPTER 15) part 2 International Trade (Wednesday 2811) As we have studies in the previous lecture, there are 3 main types of barriers we will study in this course: Tariff: a type of tax on foreign pro...

Economics
ECON 201
Ivan Tchinkov
ECON 201 Lecture Notes - Lecture 24: Trans-Pacific Partnership, Absolute Advantage, Opportunity Cost
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ECON 201 Lecture 24 (CHAPTER 15) part 1 International Trade (Monday 2611) Trading includes imports and exports. Countries export what they can produce effectively and import what they do not have. It depends on the relatio...

Economics
ECON 201
Ivan Tchinkov
ECON 201 Lecture Notes - Lecture 23: Imperfect Competition, Best Response, Demand Curve
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ECON 201 Lecture 23 (CHAPTER 11) part 2 Imperfect competition (Wednesday 2111) Review previous lecture: Since each firm has an incentive to cheat on the cartel, cartel is vulnerable. However, cheating on cartel is good for...

Economics
ECON 201
Ivan Tchinkov
ECON 201 Lecture Notes - Lecture 22: Imperfect Competition, Monopolistic Competition, Perfect Competition
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ECON 201 Lecture 22 (CHAPTER 11) part 1: Imperfect competition (Monday 1911 week 11) Review: previously in chapter 9 10 we have studied the extremes in the market: Monopoly and Perfect competition. Now we learn the 2 in t...

Economics
ECON 201
Ivan Tchinkov
ECON 201 Lecture Notes - Lecture 21: Economic Surplus, Perfect Competition, Rent-Seeking
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ECON 201 Lecture 21 (CHAPTER 10) part 2: Monopoly (Wednesday 14/11 week 11) Total Revenue = Price*Q Profit = (Price ATC)*Q Because of perfect price discrimination, D ...

Economics
ECON 201
Ivan Tchinkov
ECON 201 Lecture Notes - Lecture 20: Predatory Pricing, Natural Monopoly, Profit Maximization
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ECON 201 Lecture 20 (CHAPTER 10) part 1: Monopoly (Monday 13/11 week 11) Keyterms: Natural monopoly: its hard for a new entrance to enter the market and compete with existing one. As level of ...

Economics
ECON 201
Ivan Tchinkov
ECON 201 Lecture Notes - Lecture 19: Perfect Competition, Demand Curve, Economic Equilibrium
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ECON 201 Lecture 19 (CHAPTER 9) part 2: Perfect competition (Wednesday 7/11 week 10) Additional information from the previous lecture: At P 3break-even poin...

Economics
ECON 201
Ivan Tchinkov
ECON 201 Lecture Notes - Lecture 18: Perfect Competition, Demand Curve, Marginal Cost
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ECON 201 Lecture 18 (CHAPTER 9) part 1: Perfect Competition (Monday 511 week 10) Review profit function: Economic (not accounting) Profit = TR (total revenue) TC (total cost) = P*Q ATC*Q = (P - ATC)*Q (P: Price; Q: output;...

Economics
ECON 201
Ivan Tchinkov
ECON 201 Lecture Notes - Lecture 17: Fixed Cost, Technological Change, Marginal Cost
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ECON 201 Lecture 17 (CHAPTER 8) part 2: Production and costs (Wednesday 31/10 week 9) Additional info for previous lecture: AFC always decline because the formula: AFC = FC/Q => A fixed nominator (fixed c...

Economics
ECON 201
Ivan Tchinkov
ECON 201 Lecture Notes - Lecture 16: Average Cost, Average Variable Cost, Marginal Cost
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ECON 201 Lecture 16 (CHAPTER 8) Production and costs (Monday 29/10 week 9) Efficient production: efficiency means trying to reduce cost (through collapsing jobs, reduce labour wage) while maximizing profit (by installi...

Economics
ECON 201
Ivan Tchinkov
ECON 201 Lecture Notes - Lecture 15: Indifference Curve, Capital Market, Opportunity Cost
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ECON 201 Lecture 15 (CHAPTER 7) Firms, investors and capital markets (Wednesday 24/10 week 6) *Important: Addition information of chapter 6: Special cases of indifference curves: I. Perfect compliments (left and r...

Economics
ECON 201
Ivan Tchinkov
ECON 201 Lecture Notes - Lecture 14: Consumer Choice, Marginal Utility, Normal Good
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ECON 201 Lecture 14 (CHAPTER 6) Consumer choice and demand decisions (Monday 22/10 week 6) MU concept: To understand more about Marginal utility (MU) of 2 goods and how consumers choose which good to spend mone...

Economics
ECON 201
Ivan Tchinkov
ECON 201 Lecture Notes - Lecture 11: Consumer Choice
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ECON 201 Lecture 11 (CHAPTER 6) Consumer choice and demand decisions (Wednesday 10/10 week 6) Keyterms: Rational choice/rationality: Every individual has specific goals/objectives they wish to achieve, a...

Economics
ECON 201
Ivan Tchinkov
ECON 201 Lecture Notes - Lecture 9: Demand Curve, Deadweight Loss, Cost
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ECON 201 Lecture 9 (CHAPTER 5) - Welfare Economics, Externalities and Non- Classical Markets (Wednesday 3/10 week 5) Market failures: Negative externalities: Externalities: the cost impact on other people (the...

Economics
ECON 201
Ivan Tchinkov
ECON 201 Lecture Notes - Lecture 8: Economic Surplus, Deadweight Loss, Marginal Cost
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ECON 201 Lecture 8 (CHAPTER 5) - Welfare Economics, Externalities and Non- Classical Markets (Monday 1/10 week 5) Keyterms: Equity: concerns how economys benefit (goods, rewards, subsidies,) should be dist...

Economics
ECON 201
Ivan Tchinkov
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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