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Class Notes for Jack Carr

Principles of Microeconomics

ECO101H1
Midterm Exam
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ECO100Y1 Lecture 22: Nov 20 - Monopolistic Competition

Monopolistic Competition Between Monopoly and Perfect Competition P...

Economics
ECO101H1
Jack Carr
ECO100Y1 Lecture 10: Nov 18 - Oligopoly

Oligopoly Markets with Only a Few Sellers - Oligopolistic m...

Economics
ECO101H1
Jack Carr
ECO100Y1 Lecture 6: Nov 4 - Monopoly

Monopoly Single seller (of product with no close substitutes) ...

Economics
ECO101H1
Jack Carr
ECO100Y1 Lecture 13: Lecture1.12TheRoleofGovernment
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LAST WEEK Recap: EXTERNALITIES ● Government can correct for p...

Economics
ECO101H1
Jack Carr
ECO100Y1 Lecture 12: Lecture1.11Externalities
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Assumptions 1. The market for lumber is perfectly competitive ...

Economics
ECO101H1
Jack Carr
ECO100Y1 Lecture 11: Lecture1.10MarketsforFactorsofProduction
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Factors of Production Labour Capital (equipment, structures) Land ...

Economics
ECO101H1
Jack Carr
ECO100Y1 Lecture 10: Lecture1.09ApplicationReview
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Monopoly Oligopoly Monopolistic Competition Firms face downward-sl...

Economics
ECO101H1
Jack Carr
ECO100Y1 Lecture 9: Lecture1.08OligopolyandMonopolisticCompetition
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Oligopoly ● Few firms ● Face downward-sloping demand cur...

Economics
ECO101H1
Jack Carr
ECO100Y1 Lecture 8: Lecture1.07Monopoly
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Monopoly: single seller (of product with no close substitutes) Bar...

Economics
ECO101H1
Jack Carr
ECO100Y1 Lecture 7: Lecture1.06PerfectCompetition
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Supply Curve 1. Exists only in perfect competition 2...

Economics
ECO101H1
Jack Carr
ECO100Y1 Lecture 6: Lecture1.05ProductionandCostSchedules
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Key question: how do firms maximize profits? First step: understan...

Economics
ECO101H1
Jack Carr
ECO100Y1 Lecture 5: Lecture1.04SupplyDemandandGovernmentPolicy
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Case #2 Sales Tax Levied on Buyers No Tax P QD ...

Economics
ECO101H1
Jack Carr
ECO100Y1 Lecture 4: Lecture1.03ElasticityofDemand
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Technical Note For the special cases of perfectly inelastic demand...

Economics
ECO101H1
Jack Carr
ECO100Y1 Lecture 3: Lecture1.02DemandSupplyandMarketPrice
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Competitive Market: many buyers and sellers, each of whom has no in...

Economics
ECO101H1
Jack Carr
ECO100Y1 Lecture 2: Lecture1.01TheGainsfromTrade
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Production Possibilities Frontier (PPF) 1. Scarcity (attainable...

Economics
ECO101H1
Jack Carr
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