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Class Notes for Marina Adshade

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UBCECON 101Marina AdshadeWinter

ECON 101 Study Guide - Final Guide: Import License, Equilibrium Point, Chisel

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UBCECON 101Marina AdshadeWinter

ECON 101 Lecture Notes - Lecture 21: Diminishing Returns, Marginal Cost, Marginal Product

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Econ 101 - lecture #21 - marginal and average product plus costs. Change in total output with each unit of labor increased. Change in total output / ch
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UBCECON 101Marina AdshadeWinter

ECON 101 Lecture Notes - Lecture 20: Diminishing Returns, Marginal Product, Opportunity Cost

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Econ 101 - lecture #20 - firms and profit. Firms try to maximize their economic profits: do that by analyzing output and input levels. Total revenue -
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UBCECON 101Marina AdshadeWinter

ECON 101 Lecture Notes - Lecture 16: Autarky, Economic Equilibrium, Economic Surplus

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Econ 101 - lecture #16 - international trade with importing and exporting countries. Before analyzing the benefits and costs of international trade, we
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UBCECON 101Marina AdshadeWinter

ECON 101 Lecture Notes - Lecture 17: Deadweight Loss, Economic Surplus, Import License

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Econ 101 - lecture #17 - import tariff and externality. To protect the domestic producers, governments may sometimes implement tariff on imports. So im
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UBCECON 101Marina AdshadeWinter

ECON 101 Lecture Notes - Lecture 19: Pigovian Tax, Externality, Social Cost

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Econ 101 - lecture #19 - public policies regarding externalities. The government has two qualitatives different solutions to externalities. Requirement
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UBCECON 101Marina AdshadeWinter

ECON 101 Lecture Notes - Lecture 18: Deadweight Loss, Social Cost, Externality

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Econ 101 - lecture #18 - negative and positive externalities. Meaning that, market will not maximize total surplus. Within any kind of externalities, d
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UBCECON 101Marina AdshadeWinter

ECON 101 Lecture Notes - Lecture 14: Tax Wedge, Marginal Cost, Demand Curve

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Econ 101 - lecture #14 - producer surplus, market efficiency, and quantity of tax. The difference between what a producer receives from trade and the m
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UBCECON 101Marina AdshadeWinter

ECON 101 Lecture Notes - Lecture 15: Lead, Economic Surplus, Marginal Utility

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Econ 101 - lecture #15 - welfare effects of quantity taxes. In this lecture, we will examine how quantity taxes affect. Total gains of trade before tax
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UBCECON 101Marina AdshadeWinter

ECON 101 Lecture Notes - Lecture 13: Demand Curve, Economic Surplus, Marginal Utility

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Previous lectures have been focusing on what are the causes and results of economic changes, but not whether the changes on desirable. In other words,
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UBCECON 101Marina AdshadeWinter

ECON 101 Lecture Notes - Lecture 1: Decision Rule, John Maynard Keynes

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Econ 101 - lecture #1 - introduction and basic microeconomic principles. The course will be using iclicker questions extensively. The most important st
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UBCECON 101Marina AdshadeFall

ECON 101 Lecture 24: Monopoly + Monopolistic Competition

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UBCECON 101Marina AdshadeFall

ECON 101 Lecture Notes - Lecture 23: Economic Rent, Fixed Cost, Deadweight Loss

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UBCECON 101Marina AdshadeFall

ECON 101 Lecture Notes - Lecture 25: Fixed Cost, Market Power, Competitive Equilibrium

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Econ 101 lecture 25 monopolistic competition and game theory (oligopoly) They produce at a level below the minimum efficient scale in the long run. The
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UBCECON 101Marina AdshadeWinter

ECON 101 Lecture Notes - Lecture 2: Sunk Costs, Marginal Cost, Marginal Utility

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Econ 101 - lecture #2 - opportunity cost and marginal benefit. Rational people only make choices when the benefit exceeds the cost. We apply the cost-b
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UBCECON 101Marina AdshadeFall

ECON 101 Lecture Notes - Lecture 26: Nash Equilibrium

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UBCECON 101Marina AdshadeFall

ECON 101 Lecture Notes - Lecture 28: Perfect Competition, Economic Surplus, Nash Equilibrium

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UBCECON 101Marina AdshadeFall

ECON 101 Lecture Notes - Lecture 22: Price Discrimination, Marginal Revenue, Marginal Cost

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UBCECON 101Marina AdshadeFall

ECON 101 Lecture Notes - Lecture 15: Economic Surplus, Deadweight Loss, Marginal Utility

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UBCECON 101Marina AdshadeFall

ECON 101 Lecture Notes - Lecture 21: Marginal Cost, Marginal Revenue, Perfect Competition

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UBCECON 101Marina AdshadeFall

ECON 101 Lecture Notes - Lecture 20: Substitute Good, Marginal Revenue, Perfect Competition

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UBCECON 101Marina AdshadeFall

ECON 101 Lecture Notes - Lecture 6: Opportunity Cost, Comparative Advantage, Takers

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