Class Notes for Management at McGill University

This lecture examines the basic Demand/Supply model that is central...

Recall that all factors, particularly capital, are variable in the ...

BUDGET CONTRAINTS: - Suppose that the consumer (household) cons...

We can analyze Demand and Supply and Market equilibrium with linear...

PROFIT MAXIMIZATION Profit = Total Revenue (P*Q) – Total Costs ...

Definition: Productive Efficiency is optimal output from given reso...

A monopoly (‘single sellers’) is the sole producer in an industry. ...

Alfred Marshall, the founder of modern Microeconomics in 1890, defi...

Our understanding of elasticity will help us analyze the impact of ...

Economists measure Elasticity as the ratio of percentages changes b...

We first examine the cost of firms in the period when capital is fi...

Principles of Microeconomics: Elasticity ELASTICITY Elasticity ...

Principles of Economics: Efficiency EFFICIENCY Definition: Produ...

Preference Theory and Derivation of Demand CONSUMER CHOICE THEOR...

Principles of Microeconomics: Demand and Supply DEMAND AND SUPPLY...

Administrative law directly influences the life of every American c...

The systematic study of individual and group behavior within organi...

Business law, sometimes referred to as corporate-commercial law, is...

The complex aspects of Management are made clearer in this Guide. T...

Corporations are explained with clarity and precision in this infor...