Filter By
Filter Reset
Semester
Class Notes (1,044,317)
CA (598,575)
Langara (1,908)
ECON (37)

Class Notes for Economics at Langara College

ECON 1221 Lecture Notes - Lecture 2: Economic Equilibrium, Demand Curve, Inferior Good

find more resources at oneclass.com ECON 1221 Chapter 3: Supply and Demand Competitive Market: A market in which there are many buyers and sellers of the same goods and service. KEY FE...

Economics
ECON 1221
Zrill L
Elasticity Miscellany.docx

Elasticity Miscellany Elasticity and the Definitions of Goods - Size of the elasticity is a reflection of the degree to which substitutes exist for the good: high numbers mean more elastic and substitut...

Economics
ECON 2210
M.Yu
ECON 2210 Lecture Notes - Pareto Efficiency, Demand Curve

Efficiency Efficiency means the gains from trade are maximized - Often refers to “technical” efficiency - DD can be viewed as a supply curve for Nelson - Supply curves are upwards because demand curve...

Economics
ECON 2210
M.Yu
Diminishing marginal value.docx

Diminishing marginal value - The more you have of anything, the less you are willing to give up to get more of it - Diminishing marginal value: the maximum one is willing to sacrifice at the margin for a good pe...

Economics
ECON 2210
M.Yu
ECON 2210 Lecture Notes - Transaction Cost, Fixed Cost, Variable Cost

Costs and Bads - Every decision has a bad and good thing o Bad things are not the cost of the decision, unless it influences the value of the next best alternative - Cost of choosi...

Economics
ECON 2210
M.Yu
ECON 2210 Lecture Notes - Historical Cost, Opportunity Cost

Cost - The concept of cost is one of the most important and valuable ideas in economics, yet the profession has done such a bad job the public is confused with what cost means - “What you pay f...

Economics
ECON 2210
M.Yu
ECON 2210 Lecture Notes - Absolute Advantage, Comparative Advantage, Opportunity Cost

Comparative Advantage - Individuals with different marginal costs gain from trade, even when marginal values are the same - Marginal costs are the incremental opportunity costs from increasing o...

Economics
ECON 2210
M.Yu
Chapter 35.docx

Chapter 35balance of payments accountssummary record of a countrys transactions with the rest of the world including the buying and selling of goods services and assetscurrent accountpart of balance payments accounts that ...

Economics
ECON 2210
M.Yu
ECON 2210 Lecture Notes - Comparative Advantage, Absolute Advantage, Monetary Transmission Mechanism

Chapter 28 present value – the value now of one or more payments or receipts made in the future; (discounted present value) demand for money – the total amount of money balances that the public wants to hold for a...

Economics
ECON 2210
M.Yu
ECON 2210 Lecture Notes - Excess Reserves, Reserve Requirement, Time Deposit

chapter 26 and 27 Chapter 26 economic growth – sustained, long run increases in the level of real GDP human capital – the set of skills workers acquire through formal education and on-the-job training Chap...

Economics
ECON 2210
M.Yu
ECON 2210 Lecture Notes - Large Deviations Theory, Potential Output, Phillips Curve

Chapter 23 and 24 Chapter 23 Vocabulary aggregate demand curve - a curve showing combinations of real GDP and the price level that make desired aggregate expenditure equal to actual national income aggregate d...

Economics
ECON 2210
M.Yu
ECON 2210 Lecture Notes - Consumption Function, Autarky

Chapter 21 Vocabulary desired aggregate expenditure (AE) – the sum of desired or planned spending on domestic output by households, firms, governments, and foreigners autonomous expenditure – elements of expenditu...

Economics
ECON 2210
M.Yu
ECON 2210 Lecture Notes - Disposable And Discretionary Income, Transfer Payment, Gdp Deflator

Chapter 20 Vocabulary intermediate goods – all outputs that are used as inputs by other producers in a further stage of production final goods – goods that are not used as inputs by other firms but are produced t...

Economics
ECON 2210
M.Yu
ECON 2210 Lecture Notes - Nominal Interest Rate, Real Interest Rate, Output Gap

Chapter 19 Vocabulary macroeconomics – the study of the determination of economic aggregates, such as total output, total employment, the price level and the rate of economic growth nominal national income – tota...

Economics
ECON 2210
M.Yu
ECON 2210 Lecture Notes - Exogeny, Comparative Statics, Economic Equilibrium

Chapter 3 Vocabulary quantity demanded - the amount of a good or service that consumers want to purchase during some time period demand schedule – a table showing the relationship between quantity demanded and th...

Economics
ECON 2210
M.Yu
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

Log In


OR

Don't have an account?

Join OneClass

Access over 10 million pages of study
documents for 1.3 million courses.

Sign up

Join to view


OR

By registering, I agree to the Terms and Privacy Policies
Already have an account?
Just a few more details

So we can recommend you notes for your school.

Reset Password

Please enter below the email address you registered with and we will send you a link to reset your password.

Add your courses

Get notes from the top students in your class.


Submit