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Class Notes for Economics at University of British Columbia - Okanagan

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ECON 101 Lecture Notes - Lecture 8: Dofasco, Isocost, Isoquant

CHAPTER 8: PRODUCERS IN THE LONG RUN 8.1 THE LONG RUN: NO FIXED FACTORS In the long run, the profit maximizing firm will try to be technically efficient, which means using no more inputs than necessary. ...

Economics
ECON 101
Noriko Ozawa
ECON 101 Lecture Notes - Lecture 5: Demand Curve, Deadweight Loss, Economic Surplus

CHAPTER 5: PRICE CONTROLS AND MARKET EFFICIENCY 5.1 GOVERNMENT CONTROLLED PRICES Government price controls attempt to hold the price at some disequilibrium value. Some hold the market price below its equilibrium value, cre...

Economics
ECON 101
Noriko Ozawa
ECON 101 Lecture Notes - Lecture 4: Economic Equilibrium, Normal Good, Cup Noodles

CHAPTER 4: ELASTICITY 4.1 PRICE ELASTICITY OF DEMAND Demand is elastic when quantity demanded is quite responsive to changes in price. On the other hand, demand is inelastic when quantity demanded is relatively unresponsiv...

Economics
ECON 101
Noriko Ozawa
ECON 101 Lecture Notes - Lecture 10: Marginal Cost, Transact, Creative Destruction

CHAPTER 10: MONOPOLY, CARTELS AND PRICE DISCRIMINATION 10.1: A SINGLEPRICE MONOPOLIST Unlike a perfectly competitive firm, a monopolist faces a negatively sloped demand curve. A monopolists total revenue, average revenue a...

Economics
ECON 101
Noriko Ozawa
ECON 101 Lecture Notes - Lecture 11: Fanta, Tacit Collusion, Predatory Pricing

CHAPTER 11: IMPERFECT COMPETITION AND STRATEGIC BEHAVIOUR 11.1: IMPERFECT COMPETITION Market structures in between both spectrums (perfect competition and monopolies) are imperfectly competitive. Industries with many small...

Economics
ECON 101
Noriko Ozawa
ECON 102 Lecture Notes - Lecture 9: Frictional Unemployment, Domestic Violence, Structural Unemployment

Chapter 9 Employment and Unemployment The Big Picture John lost his job 3 months ago at General Motors (GM) after working there for 15 years He is now without a job. He did look for work since he lost his job...

Economics
ECON 102
Karl Pinno
ECON 102 Lecture Notes - Lecture 8: Penn World Table, Jeffrey Sachs, Jared Diamond

Chapter 8 Why Isnt the Whole World Developed The Big Picture Now that we understand the importance of accumulating physical capital, investing in human capital, and developing new technologies to the growt...

Economics
ECON 102
Karl Pinno
ECON 102 Lecture Notes - Lecture 7: Exponential Growth, Tongues Untied, Technological Change

Chapter 7 Economic Growth The Big Picture this chapter asks; why are we more prosperous today in the US (several other countries) than our great- grandparents, and much more prosperous than out great-great...

Economics
ECON 102
Karl Pinno
ECON 102 Lecture 6: Econ 102 Ch 6

Chapter 6 Aggregate Incomes The Big Picture Who is wealthier, an average person in the US, or an average per person in, say, China? By how much, and why? In this chapter, you will learn how to convert income per person in ...

Economics
ECON 102
Karl Pinno
ECON 102 Lecture Notes - Lecture 5: National Income And Product Accounts, Gross National Product, Income Approach

Chapter 5 The wealth of Nations: Defining and measuring Macroeconomic Aggregates 1.1 Macroeconomic Questions The Big Picture: Macroeconomics, we will examine the economy from a birds-eye view without f...

Economics
ECON 102
Karl Pinno
ECON 102 Lecture Notes - Lecture 4: Snickers, Economic Equilibrium, Competitive Equilibrium

Chapter 4 Demand, Supply, and Equilibrium Key ideas 1. In a perfectly competitive market, (1) sellers all sell an identical good or service, and (2) any individual buyer or any individual seller isnt powerful ...

Economics
ECON 102
Karl Pinno
ECON 102 Lecture Notes - Lecture 2: Opportunity Cost, Scientific Control, Natural Experiment

Chapter 2 Economic Methods and Economic Questions Key Ideas 1. A model is a simplified description of reality 2. Economists use data to evaluate the accuracy of models and understand how the world works 3. Co...

Economics
ECON 102
Karl Pinno
ECON 102 Lecture Notes - Lecture 1: Empiricism, Human Behavior, Opportunity Cost

ECON Notes January 9, 2018 Chapter 1 the Principles and Practice of Economic Key Ideas 1. Economics is the study of peoples choices 2. The first principle of economics is that people try to Optimize: they try t...

Economics
ECON 102
Karl Pinno
ECON 102 Lecture Notes - Lecture 3: Marginal Cost, Opportunity Cost

Chapter 3 Optimization: Doing the Best You Can Key Ideas 1. When an economic agent chooses the best feasible option, she is optimizing 2. Optimization using total value calculates the total value of each feasible...

Economics
ECON 102
Karl Pinno
ECON 101 Lecture Notes - Lecture 1: Eocene
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Economics
ECON 101
Noriko Ozawa
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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