Home
Class Notes (1,100,000)
CA (620,000)
McGill (30,000)
ECON (100)
ECON 426 (50)
Sonya Laszlo (30)
Lecture

Lecture 3

School
McGill University
Department
Economics (Arts)
Course Code
ECON 426
Professor
Sonya Laszlo
Page:
of 3
c


 !!
"c#$"c%$%!& &
%c%
½!
' 
!!!() 
$!&! & &(&&

"(& $!!!"0%*%*+,+-
".& !!(& 
°
' #c!!
è&&.!&/0&%
' 1#c!!2
è(&. &0&%3&/0&0&%
èr& & (
èr& ,&4
°
' #c!!
è2!!3&
è"!!(&(& 
 (
è( & 
è·&/%0&%
c!!
è'& 
è$!  &(.
½2% r
èc (-
èc- (#&(
è2#&(!! 
è*5-5
#
c

#
#0(!(-
# (
-#- (
"c#
è'"

"
12, .(
è-!
-!)6
·#(
1
&7
8(&-
"!
è% -
*55
è)
*6&
*9c:9;*9
è· 
*#·#9*<0/=7!
*r#·#90<
*%!#! 9!!97·
½2!&>.'(
$!!!!"
 &?#!!
"!&  ! (
&.! !!-
$!& !-&(0(!-& @$
!!! &'r>!!& &
"&&.  $
!!&&)
c

! 0!
( .AB
-&&&( 
  (& 
"c#(!-!!)((
$7 ·r'!  (
$(#
èc(&&  (&  
!!!!