Class Notes for Economics at Wilfrid Laurier University (WLU)

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WLUEC140David R. JohnsonWinter

EC140 Lecture Notes - Lecture 1: Lectionary

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7 Jan 2019
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WLUEC120Steffen ZissFall

EC120 Lecture Notes - Lecture 24: Economic Surplus, Deadweight Loss

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28 Nov 2018
0
: goods that are easy to transport will sell at the same price worldwide. If a good is cheaper in a than b then . Buyers shift to a and sellers shift t
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WLUEC120Steffen ZissFall

EC120 Lecture Notes - Lecture 16: Deadweight Loss, Economic Surplus, Allocative Efficiency

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2 Nov 2018
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WLUEC120Steffen ZissFall

EC120 Lecture Notes - Lecture 23: Absolute Advantage, Factor Endowment, Comparative Advantage

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27 Nov 2018
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Opportnity costs differ between countries . ( theory of comparative advantage . Trade allows importing countries to acquire goods at a lower opportunit
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WLUEC140David R. JohnsonWinter

EC140 Lecture Notes - Lecture 2: Lectionary, Price Level, Real Wages

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9 Jan 2019
0
Percent change in real income from previous year. The deflator is our first example of a price index. It represents the average price level of a group
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WLUEC120Steffen ZissFall

EC120 Lecture Notes - Lecture 1: Sunk Costs, Opportunity Cost

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19 Sep 2018
0
Economics: is the study of the allocation of scarce resources, which are resources with alternative uses (food, time etc) Microeconomics: deals with wi
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WLUEC120Amjad RabiFall

EC120 Lecture Notes - Lecture 1: Business Cycle, Omnipotence, Invisible Hand

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WLUEC120Steffen ZissFall

EC120 Lecture Notes - Lecture 13: Marginal Revenue, Competitive Equilibrium, Takers

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23 Oct 2018
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WLUEC120Steffen ZissFall

EC120 Lecture Notes - Lecture 15: Strategic Dominance, Monopolistic Competition, Nash Equilibrium

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29 Oct 2018
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Use mr and mc to find profit maximizing prices if firm can price discriminate between workers and tourists. Use mr and mc to find profit maximizing pri
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WLUEC120Steffen ZissFall

EC120 Lecture 2: Lecture 2 - September 12, 2018

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19 Sep 2018
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WLUEC120Steffen ZissFall

EC120 Lecture Notes - Lecture 22: Club Good, Allocative Efficiency, Adverse Selection

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22 Nov 2018
0
Goods tend to be publicly provided if they . Are non-rivalrous which means that the opportunity cost of use is zero. And it is possible to prevent anyo
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WLUEC120Steffen ZissFall

EC120 Lecture Notes - Lecture 11: Average Variable Cost, Marginal Cost, Diminishing Returns

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17 Oct 2018
0
>0 will attract entry, <0 will induce exit. =0 will induce netiehr entry nor exit. Production function: q = f(k,l), k is fixed in sr. Average product o
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