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Class Notes for CAS EC 101 at Boston University (BU)

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BUCAS EC 101Bruce WatsonFall

CAS EC 101 Lecture Notes - Lecture 41: Coase Theorem, Deadweight Loss, Influenza Vaccine

OC25447502 Page
7 Dec 2018
0
The dwl is below msc and above mpc. The market, left alone, gets quantity wrong. Msc = marginal private cost + additional cost to society. The dwl is b
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BUCAS EC 101Bruce WatsonFall

CAS EC 101 Lecture Notes - Lecture 40: Deadweight Loss, Demand Curve, Externality

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5 Dec 2018
0
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BUCAS EC 101Bruce WatsonFall

CAS EC 101 Lecture Notes - Lecture 36: Pareto Efficiency, Imperfect Competition, Perfect Competition

OC25447503 Page
4 Dec 2018
0
Asymmetric information: adverse selection, market unraveling , remedies, screening, signaling. There are many firms producing homogeneous products: non
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BUCAS EC 101Bruce WatsonFall

CAS EC 101 Lecture Notes - Lecture 39: Marginal Cost, Demand Curve, Externality

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4 Dec 2018
0
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BUCAS EC 101Bruce WatsonFall

CAS EC 101 Lecture 38: notes11.30.18

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30 Nov 2018
0
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BUCAS EC 101Bruce WatsonFall

CAS EC 101 Lecture Notes - Lecture 37: Moral Hazard, Externality

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28 Nov 2018
0
Market screening: process where an uninformed party attempts to gather information about the product or service offered by the informed party, example:
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BUCAS EC 101Bruce WatsonFall

CAS EC 101 Lecture Notes - Lecture 41: Coase Theorem, Deadweight Loss, Influenza Vaccine

OC25447502 Page
7 Dec 2018
0
The dwl is below msc and above mpc. The market, left alone, gets quantity wrong. Msc = marginal private cost + additional cost to society. The dwl is b
View Document
BUCAS EC 101Bruce WatsonFall

CAS EC 101 Lecture Notes - Lecture 15: Budget Constraint, Indifference Curve, Normal Good

OC25485583 Page
10 Oct 2018
0
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BUCAS EC 101Bruce WatsonFall

CAS EC 101 Lecture Notes - Lecture 19: Market Power, Profit Maximization, Perfect Competition

OC25447503 Page
19 Oct 2018
0
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BUCAS EC 101Bruce WatsonFall

CAS EC 101 Lecture Notes - Lecture 30: Economic Surplus, Demand Curve, Marginal Cost

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14 Nov 2018
0
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BUCAS EC 101Bruce WatsonFall

CAS EC 101 Lecture Notes - Lecture 16: Budget Constraint, Consumer Choice, Normal Good

OC25485584 Page
11 Oct 2018
0
Ec 101 lecture 14 - substitution and income effect. The best combination of goods for a consumer is the point where the budget constraint is tangent to
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BUCAS EC 101Bruce WatsonFall

CAS EC 101 Lecture 14: EC101_Watson_Lecture 14

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16 Oct 2018
0
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BUCAS EC 101Bruce WatsonFall

CAS EC 101 Lecture Notes - Lecture 40: Deadweight Loss, Demand Curve, Externality

OC25447502 Page
5 Dec 2018
0
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BUCAS EC 101Bruce WatsonFall

CAS EC 101 Lecture Notes - Lecture 11: Indifference Curve, Budget Constraint, Price Floor

OC25447504 Page
6 Oct 2018
0
Percent change in qd over percent change in price. Measure of how sensitive quantity demanded is to changes in price. If the absolute value of the pric
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BUCAS EC 101Bruce WatsonFall

CAS EC 101 Lecture Notes - Lecture 9: Indifference Curve

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4 Oct 2018
0
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BUCAS EC 101Bruce WatsonFall

CAS EC 101 Lecture Notes - Lecture 21: Average Variable Cost, Demand Curve, Economic Equilibrium

OC25485586 Page
23 Oct 2018
0
Ec 101 lecture 21 - accounting profits and economic profits / entry & exit to market. As long as the firm is above the shut down cut off, which is the
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BUCAS EC 101Bruce WatsonFall

CAS EC 101 Lecture Notes - Lecture 33: Absolute Advantage, Comparative Advantage, Abundant Number

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21 Nov 2018
0
The buying and selling of goods and services. The basis of trade is comparative advantage, not absolute advantage. It is possible to have an absolute a
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BUCAS EC 101Bruce WatsonFall

CAS EC 101 Lecture Notes - Lecture 31: Pareto Efficiency, Price Ceiling, Price Floor

OC25447502 Page
14 Nov 2018
0
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