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Class Notes for ECON-2120 at Clemson University

CLEMSON UECON-2120Tyler FrancisSpring

ECON-2120 Lecture Notes - Lecture 2: Comparative Advantage, Rolex, Economic Globalization

OC10311074 Page
13 Mar 2019
0
Every individual has preferences that represent their tastes for goods and services. Preferences are subjective and differ from person to person. Some
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CLEMSON UECON-2120Tyler FrancisSpring

ECON-2120 Lecture Notes - Lecture 5: Marginal Product, Production Function, Macroeconomics

OC10311075 Page
13 Mar 2019
0
Before i get into discussing gdp, factors of production, and so-called aggregate production functions , i want to expose you to the concept of a produc
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CLEMSON UECON-2120Huili LiSpring

ECON-2120 Lecture Notes - Lecture 4: Factors Of Production, Human Capital

OC11064802 Page
6 Mar 2017
0
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CLEMSON UECON-2120Tyler FrancisSpring

ECON-2120 Lecture Notes - Lecture 6: Marginal Product, Production Function, Potential Output

OC103110710 Page
13 Mar 2019
0
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CLEMSON UECON-2120Tyler FrancisSpring

ECON-2120 Lecture Notes - Lecture 7: Business Cycle, Longrun, Price Floor

OC103110718 Page
13 Mar 2019
0
Notes summary 7 business cycles, unemployment, and labor force participation. Business cycles are defined as the fluctuations of real gdp around its lo
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CLEMSON UECON-2120Tyler FrancisSpring

ECON-2120 Lecture Notes - Lecture 3: Four Loko, Deshaun Watson, Demand Curve

OC10311077 Page
13 Mar 2019
0
The demand curve is a function that shows the quantity demanded of a commodity at varying prices. A change in demand means that the entire demand funct
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CLEMSON UECON-2120peterlorenzSpring

ECON-2120 Lecture Notes - Lecture 6: Unemployment Benefits, Business Cycle

OC11108772 Page
1 Mar 2017
1
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CLEMSON UECON-2120peterlorenzSpring

ECON-2120 Lecture Notes - Lecture 12: Economic Surplus, Economic Equilibrium

OC11108773 Page
19 Apr 2017
0
P* = equilibrium price, or the price at which q0 = qs. At pf, only qf is demanded, but qsf is produced. We get a surplus, and only q0f is actually sold
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CLEMSON UECON-2120peterlorenzSpring

ECON-2120 Lecture Notes - Lecture 11: Federal Direct Student Loan Program, Monetary Policy, Flat Tax

OC11108772 Page
10 Apr 2017
0
Corporate income ( profits ) is taxed at a rate of 35% However, a team of good accountants can easily make corporate income look lower than is, since a
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CLEMSON UECON-2120peterlorenzSpring

ECON-2120 Lecture Notes - Lecture 13: Qst

OC11108772 Page
24 Apr 2017
0
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CLEMSON UECON-2120peterlorenzSpring

ECON-2120 Lecture Notes - Lecture 7: Money Supply, Gdp Deflator, Deflation

OC11108774 Page
5 Apr 2017
0
Without pennies, prices will round to 5 cent intervals. Most prices now are rounded to the nearest 9 cents, or even 99 cents. These prices may round fr
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CLEMSON UECON-2120BaierFall

ECON-2120 Lecture Notes - Lecture 1: Aggregate Demand, Frictional Unemployment, Unemployment

OC15137582 Page
29 Jan 2018
0
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