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Class Notes for Economics at University of Toronto Mississauga (UTM)

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UTMECO100Y5Lee BaileyFall

ECO100Y5 Lecture Notes - Lecture 1: E.G. Time, Opportunity Cost, European Route E20

102
Eco 100 lecture 1 first principles and economic models. Economics is the study of how to make the most from limited resources: e. g. time, money, etc.
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UTMECO100Y5Lee BaileyFall

ECO100Y5 Lecture 4: Elasticity

101
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UTMECO100Y5Lee BaileyFall

ECO100Y5 Lecture Notes - Lecture 5: Price Floor, Price Ceiling

117
Eco 100 lecture 5 government intervention part i. When supply = demand, the market is at equilibrium efficient outcome: sometimes, the government doesn
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UTMECO100Y5Lee BaileyFall

ECO100Y5 Lecture Notes - Lecture 11: Demand Curve, Marginal Cost, Marginal Revenue

126
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UTMECO100Y5Lee BaileyFall

ECO100Y5 Lecture Notes - Lecture 9: Perfect Competition, Taipei Metro, Marginal Cost

128
Eco 100 lecture 9 perfect competition part ii. Price-taking producer: a producer whose actions have no effect on the market price of the good it sells.
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UTMECO100Y5Lee BaileyFall

ECO100Y5 Lecture Notes - Lecture 3: Economic Surplus, Marginal Utility, Demand Curve

87
Eco 100 lecture 3 - consumer & producer surplus. A persons willingness to pay for something depends on the marginal benefit . Assumption => every buyer
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UTMECO100Y5Lee BaileyFall

ECO100Y5 Lecture 1: Demand, Supply, Price

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UTMECO100Y5Lee BaileyFall

ECO100Y5 Lecture Notes - Lecture 8: Production Function

66
Eco 100 lecture 7 inputs, costs, & supply curve and perfect competition. Mux/px = muy/py mb = marginal benefit mc = marginal cost mu = maximum utility.
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UTMECO100Y5Lee BaileyFall

ECO100Y5 Lecture Notes - Lecture 2: Demand Curve, Future Shop, Toyota Rav4

74
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UTMECO100Y5Lee BaileyFall

ECO100Y5 Lecture Notes - Lecture 6: Dorset Culture, Marginal Utility, Cash Register

79
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UTMECO100Y5Lee BaileyFall

ECO100Y5 Lecture Notes - Lecture 6: Costco, Indifference Curve, Substitute Good

Income is m = 4, px = 4, py = 2. What is the most you would pay to join costco. = x , 1 = y, haic: fee = m cost b, U = xy , mrs(slope) = y/x, B: xy=1/2
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UTMECO100Y5Lee BaileyFall

ECO100Y5 Lecture 7: Decision Making

92
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