Class Notes (834,936)
Canada (508,830)
Economics (949)
Lecture

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Department
Economics
Course
Economics 1022A/B
Professor
Jeannie Gillmore
Semester
Fall

Description
September 17, 2012 Jay McConnell Chapter 1 Lecture Notes This is my passion… Become a CA I cannot get this now because… I do not have the appropriate credentials Incentive… Will get me a well paying job Tradeoff… Less social hours because of studying 2 Other things I would like to accomplish… Have as many cars as I can. Create a family Opportunity Cost… First step… Joining the accounting club Marginal Benefit… increasing my accounting knowledge Marginal Cost… less time to hang out with friends  People make choices because of incentives  Making a decision at the margin o Have to do things in steps. Cannot do it in a big jump o Marginal Benefit is the benefit that you get from that first step o Marginal cost is the downside you get from tha
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