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Class Notes for Economics at Wilfrid Laurier University

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EC140 Lecture Notes - Lecture 5: Macroeconomics, Autonomous Consumption, Black Market
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find more resources at oneclass.com GDP Expenditure Side: - Exports and Imports - Exports are added to GDP to generate a measure of incomes of Canadians selling goods outside the c...

Economics
EC140
David R. Johnson
EC140 Lecture 4: Lecture 4 - January 16, 2019
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find more resources at oneclass.com Short-run movements in output: - Years are divided into quarters a recession is a period of sustained negative output growth ...

Economics
EC140
David R. Johnson
EC140 Lecture 3: Lecture 3 - January 14, 2019
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find more resources at oneclass.com Interest Rates: - There are many interest rates rates on bonds, Treasury bills, on savings accounts, on mortgages, on GICs one day, 7-day, 10 year loans - In ma...

Economics
EC140
David R. Johnson
EC140 Lecture Notes - Lecture 2: Lectionary, Price Level, Real Wages
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find more resources at oneclass.com The concept of national income: Now lets assemble all our results: Year Nominal Real Percent Ratio of Deflator Inflation (current ...

Economics
EC140
David R. Johnson
EC140 Lecture Notes - Lecture 1: Lectionary
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find more resources at oneclass.com Microeconomics: - Is about the organizations of markers to ensure that the right number of each pie is produced to meet demand Microeconomics vs Macroeconomics: ...

Economics
EC140
David R. Johnson
EC120 Lecture Notes - Lecture 24: Economic Surplus, Deadweight Loss
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Law of one price; - Law of one price: Goods that are easy to transport will sell at the same price worldwide because - If a good is cheaper in A than B then - Buyers shift to...

Economics
EC120
Steffen Ziss
EC120 Lecture Notes - Lecture 23: Absolute Advantage, Factor Endowment, Comparative Advantage
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Gains from trade arise if: - Opportnity costs differ between countries. (Theory of comparative advantage) - Why? Trade allows importing countries to acquire goods at a lower opportunity costs than if they produced the good...

Economics
EC120
Steffen Ziss
EC120 Lecture Notes - Lecture 22: Club Good, Allocative Efficiency, Adverse Selection
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Club Goods: - Goods tend to be publicly provided if they - Are non-rivalrous which means that the opportunity cost of use is zero - If a good is non-rivalrous - And it is possible to prevent anyone from using the good (i.e...

Economics
EC120
Steffen Ziss
EC120 Lecture Notes - Lecture 16: Monopolistic Competition, Price Discrimination, Marginal Revenue
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Chapter 10 - Monopoly, Cartels, and Price Discrimination 10.1 A Single-Price Monopolist - Monopoly is a market structure in which an entire industry is supplied by a single firm. The monopolists own demand c...

Economics
EC120
Steffen Ziss
EC120 Lecture Notes - Lecture 21: Real Interest Rate, Nominal Interest Rate, Consumption Smoothing
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Present Value: - Present value of MRP one period from now - PV=MRP(1+i) - E.g. MRP=110, i=10 PV=10 - Present value of MRP two periods from now - PV=MRP(1+i) 2 - E.g. MRP=121, i=10 PV=100 - Present value of a stream of MRP ...

Economics
EC120
Steffen Ziss
EC120 Lecture Notes - Lecture 20: Monopsony, Sunk Costs, Outsourcing
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Profit maximizing factor use for a monopsonist: (P=$2) L Q MRP=P x MP w w x L MFC = (wxL)/L ...

Economics
EC120
Steffen Ziss
EC120 Lecture Notes - Lecture 19: Marginal Revenue, Profit Maximization, Takers
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Marginal Revenue Product, Marginal Factor Cost: - Marginal Revenue Product (MRP) = (PxQ)/L - equals - For price-takers in output markets MRP = PxMP L - Average Factor Cost ...

Economics
EC120
Steffen Ziss
EC120 Lecture Notes - Lecture 16: Deadweight Loss, Economic Surplus, Allocative Efficiency
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Producer, Consumer & Economic surplus: - Consumer surplus is... - Total value-spending - Are between D = MV curve and priceline - Producer surplus is - Revenue - v...

Economics
EC120
Steffen Ziss
EC120 Lecture Notes - Lecture 15: Strategic Dominance, Monopolistic Competition, Nash Equilibrium
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Price Discrimination with Numbers: Workers Tourists Workers + Tourists P Q MR P Q MR P Q MR 200 20 200 200 ...

Economics
EC120
Steffen Ziss
EC120 Lecture Notes - Lecture 14: Competitive Equilibrium, Profit Maximization, Economic Surplus
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(example from previous lecture): Profit maximization and long-run competitive equilibrium: q 0 1 2 3 4 5 TVC 0 50 70 100 1...

Economics
EC120
Steffen Ziss
Permachart - Marketing Reference Guide: Net Asset Value, Mutual Fund, U.S. Securities And Exchange Commission

l e a r n • r e f e r e n c e • r e v i e w permacharts TM Mutual Funds WHAT IS A MUTUAL FUND? PURCHASING & REDEE...

Biology
BIOL2721
All Professors
Macroeconomics - Reference Guides

Take a look at the big picture. This chart covers national income accounting, inflation, consumption, economic growth, money supply, labor markets, monetary policy, international trade, supply side economics, and fiscal po...

Business and Political Economy Program
BPEP-UB 2
All Professors
Permachart - Marketing Reference Guide: Marginal Revenue, Profit Maximization, Marginal Cost

l e a r n • r e f e r e n c e • r e v i e w permacharts TM Microeconomics Microeconomics TYPES OF MARKETS ...

E-Business Marketing
ECN 102
All Professors
Permachart - Marketing Reference Guide: National Environmental Policy Act, Municipal Solid Waste, Criteria Air Contaminants

l e a r n • r e f e r e n c e • r e v i e w permacharts TM EEnvironmental Law ENVIRONMENTAL REGULATION NATIONAL ENVIRONMENTAL POL...

LAW
LAW 356
All Professors

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