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Class Notes (1,033,215)
CA (592,510)
UBC (14,617)
ECON (601)
Robert Gateman (41)

Class Notes for Robert Gateman

Principles of Microeconomics

ECON 101 Lecture Notes - Lecture 13: Market Power, Demand Curve, Takers
24HR
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ECON 101 Lecture 13 Monopoly 1. Theory of Monopoly: Single Price a. Assumptions of Monopoly i. There is no competition in Monopoly ii. Monopoly market structure has absolute market power iii. Assumptions affecting short ru...

Economics
ECON 101
Robert Gateman
ECON 101 Lecture Notes - Lecture 12: Monopolistic Competition, Perfect Competition, Market Power
24HR
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ECON 101 Lecture 12 Competitive Markets 1. Market structure and Firm Behaviour a. Market structure is the genetic features of market that affect firm behaviour (i.e. degree of market power), including: i. and size of firm...

Economics
ECON 101
Robert Gateman
ECON 101 Lecture Notes - Lecture 11: Profit Maximization, Technological Change, Indifference Curve
24HR
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ECON 101 Lecture 11 Producers in the Long Run 1. The long run: no fixed factors a. Profit maximization and cost minimization i. *In this lecture: ii. Revenue...

Economics
ECON 101
Robert Gateman
ECON 101 Lecture Notes - Lecture 10: Ceteris Paribus, Inflection Point, Marginal Product
24HR
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ECON 101 Lecture 10 Producers in the Short Run cont 1. Production in the short run a. Total, average, marginal product SR Production Function b. c. TP Curve o...

Economics
ECON 101
Robert Gateman
ECON 101 Lecture Notes - Lecture 9: Limited Liability Partnership, Legal Personality, Limited Partnership
24HR
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ECON 101 Lecture 9 Producers in the Short run 1. The Role of the Firm a. Forms of business organizations i. A firm is a self-contained profit maximizing entity that produces and ...

Economics
ECON 101
Robert Gateman
ECON 101 Lecture Notes - Lecture 8: Economic Surplus, Decision Theory, Reservation Price
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ECON 101 Lecture 8 Consumer Behaviour Cont 1. Consumer surplus a. The concept i. MUx = Px/Py x MUy, from condition for TU max ii. Assume: Y = money, P($) = 1, MU ($) c...

Economics
ECON 101
Robert Gateman
ECON 101 Lecture Notes - Lecture 7: Ceteris Paribus, Marginal Utility, Demand Curve
24HR
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ECON 101 Lecture 7 Consumer Behaviour 1. Marginal Utility analysis a. Household and market demand i. Market Demand = Household demand 1. You add horizontally ii. Building blocks of a market economy (goes down in succession...

Economics
ECON 101
Robert Gateman
ECON 101 Lecture Notes - Lecture 6: Price Support, North American Free Trade Agreement, Ad Valorem Tax
24HR
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ECON 101 Lecture 6 Markets In Action Cont 1. Agriculture and the Farm Problem a. Long and Short Run Problems i. The problems: 1. Short Term farm prices (income) fluctuate tremendously 2. Long Term farm income falls relativ...

Economics
ECON 101
Robert Gateman
ECON 101 Lecture Notes - Lecture 5: Price Ceiling, Price Floor, Tax Incidence
24HR
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ECON 101 Lecture 5 Markets in Action 1. Interaction among markets a. Markets affects one another during operation and this creates spillovers or feedbacks i. For ex. An increase in the technology for producing oil results ...

Economics
ECON 101
Robert Gateman
ECON 101 Lecture Notes - Lecture 4: Ceteris Paribus, Normal Good, Inferior Good
24HR
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ECON 101 Lecture 4 Elasticity 1. Price elasticity of demand a. Measurement i. Price elasticity of demand where e = location and inclination 1. PC x 1slope ii. PeD 1. The responsiveness of Qd to a change in P = P(price) sen...

Economics
ECON 101
Robert Gateman
ECON 101 Lecture Notes - Lecture 3: Ceteris Paribus, Consumer Direct, Inverse Relation
24HR
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ECON 101 Lecture 3 Demand and Supply 1. Demand a. Definition i. Quantity Demanded (Qd) is the quantity of good/services that a household wants to purchase given...

Economics
ECON 101
Robert Gateman
ECON 101 Lecture Notes - Lecture 2: Time Series, Scatter Plot, Weighted Arithmetic Mean
24HR
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ECON 101 Lecture 2 Economic Theories 1. Positive versus Normative 2. Building and Testing Theories 3. Economic Data 1. Positive versus Normative The distinction a. Positive i. Statement about what is ii. Often testable by ...

Economics
ECON 101
Robert Gateman
ECON 101 Lecture Notes - Lecture 1: Barter, Quality Control, Open Economy
24HR
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ECON 101 Lecture 1 Economic Issues and and Concepts 1. What is economics? 2. The complexity of the modern economy 3. Is there an alternative to the market economy? 4. I dont trust this course 5. We...

Economics
ECON 101
Robert Gateman
ECON 101 Lecture Notes - Lecture 5: Excess Supply, Shortage
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Equilibrium Qs does not have to equal Qd, however, when somebody strikes a deal, they by default have to be equal. This is the quality exchanged Qs>Qd = Excess Supply. Shows buyer that they are not selling enough. Incentiv...

Economics
ECON 101
Robert Gateman
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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