Class Notes for Sam Lanfranco

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YORKECON 1000Sam LanfrancoFall

ECON 1000 Lecture Notes - Lecture 99: Indifference Curve, Demand Curve, Economic Equilibrium

OC87926837 Page
6 Apr 2016
40
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YORKECON 1000Sam LanfrancoWinter

ECON 1000 Lecture Notes - Lecture 1: Multinational Corporation, Decentralized Computing, Trend Analysis

OC65567217 Page
22 Jan 2016
28
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YORKECON 1000Sam LanfrancoFall

Chapter 3 - ECON 1000

OC171475 Page
12 Oct 2011
29
Markets are arrangements that enables buyers and sellers to get information and to do business with each other. Some markets are places where people ca
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YORKECON 1000Sam LanfrancoFall

Chapter 5 - ECON 1000

OC1714714 Page
12 Oct 2011
38
If you want to increase production of one good you must decrease production of something else. The production possibilities frontier is the boundary be
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YORKECON 1000Sam LanfrancoFall

ECON 1000 Lecture Notes - Lecture 8: Competitive Equilibrium, Economic Surplus, Marginal Revenue

OC2986601 Page
9 Oct 2015
20
Perfect competition: many firms sell identical products to many buyers. There are no restrictions on entry into the market. Sellers and buyers are well
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YORKECON 1000Sam LanfrancoFall

ECON 1000 Lecture Notes - Lecture 2: Opportunity Cost, Allocative Efficiency, Marginal Utility

OC3546945 Page
26 Sep 2015
18
The production possibilities frontier to learn why ethanol production and drought have increased the cost of producing food. We also use this model to
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YORKECON 1000Sam LanfrancoFall

ECON 1000 Lecture Notes - Lecture 10: Market Basket

OC4735311 Page
17 Dec 2015
26
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YORKECON 1000Sam LanfrancoFall

ECON 1000 Lecture 20: Econ 1000: chapter 20

OC4735311 Page
17 Dec 2015
20
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YORKECON 1000Sam LanfrancoFall

ECON 1000 Lecture Notes - Lecture 8: Indifference Curve, Real Income, Relative Price

OC2986602 Page
9 Oct 2015
29
Budget line describes the limits to the household"s consumption choices: budget equation: state that expenditure = income, relative price is the magnit
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YORKECON 1000Sam LanfrancoFall

ECON 1000 Lecture Notes - Lecture 6: Neuroeconomics, Bounded Rationality, Marginal Utility

OC2986601 Page
9 Oct 2015
23
Consumption choices: influenced by consumption possibilities, preferences: consumption possibilities: are all the things that you can afford to buy, bu
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YORKECON 1000Sam LanfrancoFall

ECON 1000 Lecture Notes - Lecture 3: Normal Good, Price Floor, Inferior Good

OC2986602 Page
9 Oct 2015
25
Price cut increases total revenue / expenditure, demand is elastic. Not change unit elastic: elasticity of demand for a good depends on: the closeness
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YORKECON 1000Sam LanfrancoFall

ECON 1000 Lecture Notes - Lecture 2: Wisconsin National Guard, Capital Accumulation, Demand Curve

OC2986603 Page
9 Oct 2015
16
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