Class Notes (838,343)
United States (325,349)
Economics (520)
CAS EC 102 (215)
Lecture

Chapter 7 and Egypt Lecture.pdf

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Department
Economics
Course
CAS EC 102
Professor
Jay Zagorsky
Semester
Spring

Description
Lecture Tuesday, February 25, 2014 3:33 PM Chapter 7: Using Prices - Although the price of beer has gone up, after adjusting for inflation, the price of beer has been flat - College has increased tuition because earnings with a diploma increased ○ Demand for college students has increased - Comparing prices ○ Key Formula:  Today's Price = Old Price x (New CPI Value)/(Old CPI Value) - Conclusion ○ Price of beer has been flat, gasoline and min wage has been decreasing and coll
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