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Class Notes for Economics at University of Ottawa

ECO 1102 Lecture Notes - Lecture 10: Business Cycle
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ECO 1102 Lecture 10 Chapter 10 Patterns of Unemployment There are two major patterns that encompass the unemployment rates - Men have higher unemployment rates compared to women - - Currently among those 25 years of age, o...

Economics
ECO 1102
D. Gray
ECO 1102 Lecture Notes - Lecture 9: Free Trade, Human Capital, Academic Degree
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ECO 1102 Lecture 9 Chapter 9-10 Economic Growth and Public Policy - Public Policy the principled guide for any action made by the managerial official parts of the state concerning a class of issues, in a way steady with la...

Economics
ECO 1102
D. Gray
ECO 1102 Lecture 8: Chapter 9
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find more resources at oneclass.com ECO1102 Lecture 8 Chapter 9 Economic Growth - the increase in what a country produces over time. - It is measured by GDP. It's driven by th...

Economics
ECO 1102
D. Gray
ECO 1102 Lecture Notes - Lecture 7: Composite Good, Big Mac Index
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ECO 1102 - Lecture 7 - Chapter 8 Part 2 The Construction of the CPI Approximate weights for the CPI are: Food - 16.4 Shelter - 26.8 Household operations and furniture - 13.1 Clothesshoes - 6.1 Transport - 19.1 Health, pers...

Economics
ECO 1102
D. Gray
ECO 1102 Lecture Notes - Lecture 6: Environmental Degradation, Externality, Gdp Deflator
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ECO 1102 - Lecture 6 - Chapter 7 Part 3 - Chapter 8 How good a measure of economic welfare is GDP? - In some ways, it miscalculates it, as a result, actual economic welfare is higher than the official numbers indicate. - T...

Economics
ECO 1102
D. Gray
ECO 1102 Lecture 5: Chapter 7 (cont'd)
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ECO1102 Lecture 5 - Chapter 7 Part 2 - Measuring the Wealth of Nations - There is a probability for one economic representative to chip in to Consumption Expenditure, Investment Expenditure, Net Exports, as well as Governm...

Economics
ECO 1102
D. Gray
ECO 1102 Lecture Notes - Lecture 4: Aggregate Demand, Government Spending
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ECO1102 Lecture 4 - Chapter 7 - Measuring the Wealth of Nations Circular Flow Model - The circular flow of income is a neoclassical economic model that demonstrates how money flows through the economy. - In its simplest ve...

Economics
ECO 1102
D. Gray
ECO 1104 Lecture Notes - Lecture 11: Tax Wedge, Deadweight Loss, Tax Incidence
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ECO 11O4 LECTURE 11 - GOVERNMENT INTERVENTION Taxes Taxes: producers or consumers have to pay an extra amount of money to the government Taxes have two primary effects: Discourage production and co...

Economics
ECO 1104
Cristina Blanco-Perez
ECO 1104 Lecture Notes - Lecture 10: Deadweight Loss, Price Ceiling, Economic Equilibrium
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ECO 1104 - LECTURE 10 - GOVERNMENT INTERVENTION Why intervene? When markets work well, prices adjust until the quantity of the good demanded is equal to the quantity supplied (markets gravitate toward the...

Economics
ECO 1104
Cristina Blanco-Perez
ECO 1104 Lecture Notes - Lecture 9: Economic Surplus, Economic Equilibrium, Demand Curve
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ECO 1104 LECTURE 9 SURPLUS On thursday we had a midterm so this is lecture 9 Producer surplus The producer surplus can be calculated by summing up individuals producer surplus. Total surplus Total surplus is the combined ...

Economics
ECO 1104
Cristina Blanco-Perez
ECO 1104 Lecture Notes - Lecture 8: Economic Surplus, Toothpaste, Reservation Price
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ECO 1104 LECTURE 8 ELASTICITY Using price elasticity of demand Remember that slope (yx) is not the same as elasticity (xy) . The elasticity of demand is different at different points along a linear demand curve (because ch...

Economics
ECO 1104
Cristina Blanco-Perez
ECO 1104 Lecture Notes - Lecture 7: Demand Curve, Midpoint Method
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ECO 1104 LECTURE 7 ELASTICITY Elasticity is a measure of the responsiveness to a change in a market condition.The concept applies to supply and demand.It measures the response to a change in: The price of the good. The ...

Economics
ECO 1104
Cristina Blanco-Perez
ECO 1104 Lecture Notes - Lecture 6: Economic Equilibrium, Demand Curve, Equilibrium Point
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ECO 1104 LECTURE 6 -SUPPLY AND MARKET EQUILIBRIUM Supply The quantity supplied is the amount of a particular good that producers are willing and able to sell at a given price. The law of supply states that the higher (l...

Economics
ECO 1104
Cristina Blanco-Perez
ECO 1104 Lecture 5: ECO1104 LECTURE5 - MARKETS
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Preferences: Price of related goods: Substitutes: Complements: Incomes: Normal goods: Inferior goods: Expectations Number of buyers What happens when one of the non-price determinants changes? If positive in...

Economics
ECO 1104
Cristina Blanco-Perez
ECO 1104 Lecture Notes - Lecture 4: Opportunity Cost, Comparative Advantage
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two outputs that can be produced using all available resources The trade-off between producing more of one good and less of another is the opportunity cost. NOTE: Downward sloping negative relationship Upward sloping ...

Economics
ECO 1104
Cristina Blanco-Perez
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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