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Class Notes for Augustana Faculty - Economics at University of Alberta (page 2)

AUECO101 Lecture Notes - Lecture 3: Absolute Advantage, Productive Efficiency, Comparative Advantage

January 18, 2017 Interdependence and the Gains from Trade Chapter 3 A parable for the modern economy o Imagine that in the world there are: o Two goals goods meat and potatoes o And two people a c...

Augustana Faculty - Economics
AUECO101
Kristin Cumming
AUECO101 Lecture Notes - Lecture 4: Economic Equilibrium, Making Money, Demand Curve

Appendix: The mathematics of Market Equilibrium Chapter 4 Is the quality demanded P is the price The letters a and b are referred to as demand parameters The parameters a can be viewed as ...

Augustana Faculty - Economics
AUECO101
Kristin Cumming
AUECO101 Lecture Notes - Lecture 6: Ice Cream Cone, Price Ceiling, Price Floor

Chapter 6 Supply, Demand and Government Policies Controls on Price Let us consider the effects of the following policies on market outcomes o Price ceiling: A legal maximum on the price at which a good ca...

Augustana Faculty - Economics
AUECO101
Kristin Cumming
AUECO101 Lecture 1: Chapter 1 Notes

Micro Economics 101 January Notes Chapter 1: January 16, 2017 Ten Principles of Economics The management of societys resources (ex: people, land, building machinery) is important because resources are scarce Scarcity: the ...

Augustana Faculty - Economics
AUECO101
Kristin Cumming
AUECO101 Lecture Notes - Lecture 9: Economic Equilibrium, Deadweight Loss, Computer Security

International Trade: Chapter 9 The Equilibrium without trade: No internatiFIGURE 9.1: The Equilibrium without International Trade The World Price Copyright 2014 by Nelson Education Ltd. 9-7 ...

Augustana Faculty - Economics
AUECO101
Kristin Cumming
AUECO102 Lecture Notes - Lecture 1: Gross Domestic Product, Root Mean Square, Xm Satellite Radio
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Wednesday, January 11, 2017 Measuring A Nations Income Econ 102 Microeconomics study of how individual households and rms make decisions and how they interact with one another in markets Macroeconomics study of the eco...

Augustana Faculty - Economics
AUECO102
yasserfahmy
AUECO102 Lecture Notes - Lecture 3: Human Capital, Private Equity, Diminishing Returns
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Monday, January 23, 2017 Production and Growth Econ 102 Production and Growth a countrys standard of living depends on its ability to produce goods and services within a country, there are large changes in the standard of...

Augustana Faculty - Economics
AUECO102
yasserfahmy
AUECO102 Lecture Notes - Lecture 7: Classical Dichotomy, Economic Equilibrium, Savings Account
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Friday, March 10, 2017 Money Growth and Ination Econ 102 Ination an increase in the overall level of prices hyperination is an extraordinary high rate of ination Ination: Historical Aspects over the past 60 years, prices...

Augustana Faculty - Economics
AUECO102
yasserfahmy
AUECO102 Lecture Notes - Lecture 5: Production Quota, Market Power, Root Mean Square
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Wednesday, February 15, 2017 Unemployment and Its Natural Rate Econ 102 Identifying Unemployment Categories of Unemployment the problem of unemployment is usually divided into two categories the long run problem and the...

Augustana Faculty - Economics
AUECO102
yasserfahmy
AUECO102 Lecture Notes - Lecture 6: Foreign Exchange Market, Openmarket, Overnight Rate
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Wednesday, March 1, 2017 Monetary System Econ 102 money is the set of assets in an economy that people regularly use to buy goods and services from other people money has three functions in the economy medium of exchange...

Augustana Faculty - Economics
AUECO102
yasserfahmy
AUECO102 Lecture Notes - Lecture 2: Nominal Interest Rate, Real Interest Rate
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Monday, January 16, 2017 Measuring the Cost of Living Econ 102 Measuring the Cost of Living ination refers to a situation in which the economys overall price level is rising the ination rate is the percentage change in th...

Augustana Faculty - Economics
AUECO102
yasserfahmy
AUECO102 Lecture Notes - Lecture 8: Real Interest Rate, Tim Hortons, Loanable Funds
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Wednesday, March 22, 2017 OpenEconomy Econ 102 Open and Closed Economies a closed economy is one that does not interact with other economies in the world there are no exports, no imports, and no capital ows an open econo...

Augustana Faculty - Economics
AUECO102
yasserfahmy
AUECO102 Lecture Notes - Lecture 4: Root Mean Square, Real Interest Rate, Demand Curve
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Wednesday, February 8, 2017 Saving, Investment, and the Financial System Econ 102 The Financial System consists of the group of institutions in the economy that help to match one persons saving with another persons invest...

Augustana Faculty - Economics
AUECO102
yasserfahmy
AUECO101 Lecture Notes - Lecture 1: Deadweight Loss, Substitute Good, Microeconomics

Thursday, September 1, 2016 Intro Econ 101 (Dr. Yasser Fahmy) It is the study of the theory of the rm. The rm is interested in maximizing its prot by producing the protmaximizing at the lowest possible cost. In microecono...

Augustana Faculty - Economics
AUECO101
Yasser Fahmy

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