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Class Notes for Avi Cohen

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UTSGECO105Y1Avi CohenFall

ECO105Y1 Lecture Notes - Lecture 6: Working Poor, Living Wage, Equal Opportunity

OC3541424 Page
1 Mar 2018
0
When governments x prices, the smart choices of consumers and businesses are not coordinated. Quantities adjust to whichever is less be it quantity sup
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UTSGECO105Y1Avi CohenFall

ECO105Y1 Lecture Notes - Lecture 3: Marginal Utility, Demand Curve, Gift Card

OC11785507 Page
29 Sep 2016
10
Quiz 1 (with quiz zero and study plan mastery points prerequisites) due saturday oct 1. Post economics media stories that interest you ( itunes gift ca
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UTSGECO105Y1Avi CohenFall

ECO105Y1 Lecture Notes - Lecture 3: Wonhyo, Patrilineality, Wiman Of Gojoseon

OC4361052 Page
31 Mar 2015
29
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UTSGECO105Y1Avi CohenFall

ECO105Y1 Lecture Notes - Lecture 2: Absolute Advantage, Comparative Advantage, Opportunity Cost

OC11785507 Page
29 Sep 2016
5
Opportunity cost and comparative advantage are key to understanding why specializing and trading make us all better off. Markets arise because exchange
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UTSGECO105Y1Avi CohenFall

ECO105Y1 Lecture Notes - Lecture 14: Output Gap, Inverse Relation, Frictional Unemployment

OC3541427 Page
1 Mar 2018
0
Costs of working and not working: unemployment and in ation. The unemployment rate measures the percentage of the labour force who are out of work and
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UTSGECO105Y1Avi CohenFall

ECO105Y1 Lecture Notes - Lecture 17: Floating Exchange Rate, Demand Shock, Aggregate Demand

OC3541425 Page
1 Mar 2018
0
The demand for products, services, and assets from other countries, which must be paid for in local currencies, are behind demand and supply on the for
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UTSGECO105Y1Avi CohenFall

ECO105Y1 Lecture Notes - Lecture 13: Resource Depletion, Invisible Hand, Government Spending

OC3541426 Page
1 Mar 2018
0
Nominal gdp is the value at current prices of all nal products and services produced annually in a country. Differences in nominal gdp between years is
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UTSGECO105Y1Avi CohenFall

ECO105Y1 Lecture Notes - Lecture 12: Government Failure, Business Cycle, Institute For Operations Research And The Management Sciences

OC3541423 Page
1 Mar 2018
0
The global financial crisis (2008-2009) was a lesser version of the great depression (1929-1933). Both involved nancial bubbles that burst, high unempl
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UTSGECO105Y1Avi CohenFall

ECO105Y1 Lecture Notes - Lecture 8: Oligopoly, Monopolistic Competition, Product Differentiation

OC3541424 Page
1 Mar 2018
0
Short-run market equilibrium: quantity demanded equals quantity supplied, but economic losses or pro ts lead to changes in supply. Long-run market equi
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UTSGECO105Y1Avi CohenSpring

ECO105Y1 Lecture Notes - Lecture 14: Business Cycle, Invisible Hand, Resource Depletion

OC21347977 Page
22 Mar 2018
0
Nominal gdp value at current prices of all final products and services produced annually in a country. Differences in nominal gdp between years due to
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UTSGECO105Y1Avi CohenFall

ECO105Y1 Lecture Notes - Lecture 16: Demand Deposit, Business Cycle, Shortage

OC3541425 Page
1 Mar 2018
0
People demand money for its liquidity as a medium of exchange, unit of account, and store of value, and are often willing to give up interest on bonds
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UTSGECO105Y1Avi CohenFall

ECO105Y1 Lecture Notes - Lecture 11: Caveman, Passive Smoking, Social Cost

OC3541426 Page
1 Mar 2018
0
When externalities exist, prices don"t re ect all social costs and bene ts. Markets thus fail to coordinate private smart choices with social smart cho
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