Class Notes for Economics at York University (YORKU)

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YORKECON 1000Ardeshir NoordehFall

ECON 1000 Lecture Notes - Lecture 3: Opportunity Cost, Microeconomics, Wart

68
Econ1000 lecture 3 the economic problem. In a given economy we have limited time (1 year) and resources we can change if it can be controlled (what we
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YORKECON 1000Shahed Kaiser KhanFall

ECON 1000 Lecture Notes - Lecture 1: Digital Goods, Allocative Efficiency, Global Warming

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6 Sep 2018
0
Economics has been known to be the study of mankind. Economics is used to accompy the scarce resources that satisfy humans wants and needs, and tells u
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YORKECON 1000TBAFall

ECON 1000 Lecture Notes - Lecture 11: Average Variable Cost, Average Cost, Marginal Cost

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16 Nov 2018
0
Is the total output produced in a given period. Of an input is the change in total product that results from a one-unit increase in the quantity of thi
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YORKECON 1010Steve I EdwardsWinter

ECON 1010 Lecture 5: Lecture Five

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4 Feb 2019
0
We want to divide everything by l. Can have different effects on the production function we distinguish between constant, increasing, and decreasing re
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YORKECON 1000Ardeshir NoordehFall

ECON 1000 Lecture Notes - Lecture 2: Ebay, Opportunity Cost, Macroeconomics

76
A fundamental fact dominates our lives: we want more than we can get. Our inability to get everything we want is called scarcity. Not only does one par
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YORKECON 1000Shahed Kaiser KhanFall

ECON 1000 Lecture Notes - Lecture 2: Job Security, Capital Accumulation, Human Capital

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13 Sep 2018
0
Is the social science that studies choices which individuals, businesses or governments make as they cope with scarcity and incentives and reconcile th
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YORKECON 1000TBAFall

ECON 1000 Lecture Notes - Lecture 8: Marginal Utility, Utility, Consumer Choice

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29 Oct 2018
0
*consumer choice: utility and demand: budget, preferences, choice. A household"s consumption possibilities are constrained by its budget and the prices
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YORKECON 1010Steve I EdwardsWinter

ECON 1010 Lecture Notes - Lecture 1: Espresso, Microeconomics, Opportunity Cost

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13 Jan 2019
0
Define gdp and explain why gdp equals aggregate expenditure and aggregate income. Explain how statistics canada measures gdp and real gdp. Describe how
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YORKECON 1000TBAFall

ECON 1000 Lecture Notes - Lecture 12: Monopoly Profit, Natural Monopoly, Price Discrimination

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22 Nov 2018
0
*chapter 13: monopoly: monopoly: market power, types of monopolies, monopoly price-setting strategies (i) (ii) One supplier of product with market powe
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YORKECON 1000TBAFall

ECON 1000 Lecture Notes - Lecture 10: Economic Efficiency, Moral Hazard, Adverse Selection

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8 Nov 2018
0
The firm"s profit is limited by three features of the environment: Technology is any method of producing a good or service. Technological efficiency oc
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YORKECON 1000Ardeshir NoordehFall

ECON 1000 Lecture Notes - Lecture 15: Marginal Cost, Fixed Cost, Marginal Product

107
Econ1000 lecture 15 chapter 11: output and costs (pt. ii) The position of a firm"s cost curves depend on two factors: technology, prices of factors of
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YORKECON 1000TBAFall

ECON 1000 Lecture Notes - Lecture 9: Indifference Curve, Inferior Good, Normal Good

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1 Nov 2018
0
The shape of the indifference curves reveals the degree of substitutability between two goods. Has a marginal rate of substitution between the two good
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