Class Notes for Gordon Cleveland

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UTSCMGEA02H3Gordon ClevelandFall

MGEA02H3 Lecture Notes - Lecture 13: Invisible Hand, Demand Curve, Economic Equilibrium

80
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UTSCMGEA02H3Gordon ClevelandFall

MGEA02H3 Lecture Notes - Lecture 11: Opportunity Cost

49
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UTSCMGEA02H3Gordon ClevelandFall

MGEA02H3 Lecture Notes - Lecture 8: Demand Curve, Economic Surplus, Deadweight Loss

58
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UTSCMGEA02H3Gordon ClevelandFall

MGEA02H3 Lecture Notes - Lecture 10: Production Function, Fixed Cost, Variable Cost

56
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UTSCMGEA02H3Gordon ClevelandFall

MGEA02H3 Lecture Notes - Lecture 9: Diminishing Returns, Marginal Product

35
Mgea02 lecture 9 production productivity and costs. Decisions by firms about how much to supply at a particular selling price are strongly related to t
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UTSCMGEA02H3Gordon ClevelandFall

MGEA02H3 Lecture 3: Demand and Supply

55
Mgea02 lecture 3 demand and supply in a competitive market. Demand curve tells us what would happen if the prices were at any value. Supply curve tells
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UTSCMGEA02H3Gordon ClevelandFall

MGEA02H3 Lecture Notes - Lecture 7: Demand Curve, Excise

34
Mgea02 lecture 7 elasticity tax incidence and tax burden. Key characteristic of demand and supply is elasticity. Elasticity of demand: ed =|(dq/dp) x (
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UTSCMGEA02H3Gordon ClevelandFall

MGEA02H3 Lecture Notes - Lecture 1: Opportunity Cost

52
Mgea02 lecture 1 opportunity cost; production possibilities frontier. Microeconomics the study of individual markets in the economy. Economics social s
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UTSCMGEA02H3Gordon ClevelandFall

MGEA02H3 Lecture Notes - Lecture 2: Opportunity Cost

66
Mgea02 lecture 2 production possibilities frontier (ppf) Economic resources are scarce the ppf shows the limit to what can be produced. Ppf is a set of
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UTSCMGEA02H3Gordon ClevelandFall

MGEA02H3 Lecture Notes - Lecture 5: Economic Surplus

44
Mgea02 lecture 5 demand and utility. Demand curves are negatively sloped because people buy less when the price is high and less when the price is low.
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UTSCMGEA02H3Gordon ClevelandFall

MGEA02H3 Lecture Notes - Lecture 13: Invisible Hand, Demand Curve, Economic Equilibrium

80
View Document
UTSCMGEA02H3Gordon ClevelandFall

MGEA02H3 Lecture Notes - Lecture 1: Opportunity Cost

52
Mgea02 lecture 1 opportunity cost; production possibilities frontier. Microeconomics the study of individual markets in the economy. Economics social s
View Document
UTSCMGEA02H3Gordon ClevelandFall

MGEA02H3 Lecture Notes - Lecture 2: Opportunity Cost

66
Mgea02 lecture 2 production possibilities frontier (ppf) Economic resources are scarce the ppf shows the limit to what can be produced. Ppf is a set of
View Document
UTSCMGEA02H3Gordon ClevelandFall

MGEA02H3 Lecture Notes - Lecture 5: Economic Surplus

44
Mgea02 lecture 5 demand and utility. Demand curves are negatively sloped because people buy less when the price is high and less when the price is low.
View Document
UTSCMGEA02H3Gordon ClevelandFall

MGEA02H3 Lecture Notes - Lecture 10: Production Function, Fixed Cost, Variable Cost

56
View Document
UTSCMGEA02H3Gordon ClevelandFall

MGEA02H3 Lecture Notes - Lecture 8: Demand Curve, Economic Surplus, Deadweight Loss

58
View Document
UTSCMGEA02H3Gordon ClevelandFall

MGEA02H3 Lecture 3: Demand and Supply

55
Mgea02 lecture 3 demand and supply in a competitive market. Demand curve tells us what would happen if the prices were at any value. Supply curve tells
View Document
UTSCMGEA02H3Gordon ClevelandFall

MGEA02H3 Lecture Notes - Lecture 6: Economic Surplus

39
View Document
UTSCMGEA02H3Gordon ClevelandFall

MGEA02H3 Lecture Notes - Lecture 11: Opportunity Cost

49
View Document
UTSCMGEA02H3Gordon ClevelandFall

MGEA02H3 Lecture Notes - Lecture 9: Diminishing Returns, Marginal Product

35
Mgea02 lecture 9 production productivity and costs. Decisions by firms about how much to supply at a particular selling price are strongly related to t
View Document
UTSCMGEA02H3Gordon ClevelandFall

MGEA02H3 Lecture Notes - Lecture 7: Demand Curve, Excise

34
Mgea02 lecture 7 elasticity tax incidence and tax burden. Key characteristic of demand and supply is elasticity. Elasticity of demand: ed =|(dq/dp) x (
View Document
UTSCMGEA02H3Gordon ClevelandFall

MGEA02H3 Lecture Notes - Lecture 4: Price Ceiling, Price Floor

40
Supply curve has a positive slope because of increasing marginal costs. A point on the supply curve can mean: qa is the maximum quantity that suppliers
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