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Class Notes for Economics at University of Kansas

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ECON 144 Lecture Notes - Lecture 1: Opportunity Cost, Comparative Advantage, Demand Curve

Tuesday, August 29, 2017 Chapter 1 The Principles of Individual Choice 1. People must make choices because resources are scarce 2. The opportunity cost of an item (what you give up) is its true cost 3. How much decisions r...

Economics
ECON 144
All Professors
ECON 144 Lecture Notes - Lecture 2: Disposable And Discretionary Income, Consumption Function, Medicaid

Tuesday, October 31, 2017 ECON Consumption Function: Relationship between consumption spending and disposable income Marginal Propensity to Consume (MPC): How much of each additional dollar of income you spend on consump...

Economics
ECON 144
All Professors
ECON 144 Lecture Notes - Lecture 3: Gdp Deflator, Business Cycle, Unemployment Benefits

Thursday, September 28, 2017 Econ The Economy, Growth and GDP The right way to look at Growth: Real vs. Nominal GDP Nominal GDP = 19,247,000,000,000 Real (2009) GDP = 17,030,000,000,000 Real GDP growth is true economic...

Economics
ECON 144
All Professors
ECON 144 Lecture Notes - Lecture 4: Herd Mentality, Monetary Policy, Business Cycle

Tuesday, November 28, 2017 ECON Final Chapters 18 19 Current unemployment rate = 4.1 Lowering taxes is expansionary fiscal policy Different Schools or Philosophies of Macroeconomics ClassicalEconomists absolutely beli...

Economics
ECON 144
All Professors
ECON 144 Lecture Notes - Lecture 5: Kenneth Rogoff, Thomas Herndon, Monetary Policy

Tuesday, November 7, 2017 ECON What we didnt cover in the last unit: How much debt is too much? Carmen Reinhardt Kenneth Rogoff When a countrys debttoGDP ration passes 90, economic growth slows down Austerity Sequeste...

Economics
ECON 144
All Professors
ECON 142 Lecture 1: Unit 1 Day 1

Read: 16, 14, 4, 5, 7 TA: Day 1 Economics = The choices people make to attain their goals given their scarce resources. (Micro = a single perso...

Economics
ECON 142
Brian Staihr
ECON 142 Lecture Notes - Lecture 5: Demand Curve, Deadweight Loss, Price Ceiling

find more resources at oneclass.com Read: 108, 110, 112, 117 chapter 4 and 5 Day 5 REVIEW: The area below demand and above price = consumer ...

Economics
ECON 142
Brian Staihr
ECON 142 Lecture Notes - Lecture 3: Shortage, Economic Equilibrium, Excess Supply

Read: 80, 82 Day 3 Supply Price vs. Quantity Demanded / *when changing price, you move along the curve* ...

Economics
ECON 142
Brian Staihr
ECON 142 Lecture Notes - Lecture 4: Deadweight Loss, Economic Surplus

Read: ch 1, 3, & 4, 102, 104, 105, 106, 109, 108 Day 4 Inverse Demand Function: P = a - b*Q Demand Function: Rearrange for Q on the left ...

Economics
ECON 142
Brian Staihr
ECON 142 Lecture Notes - Lecture 2: Normal Good, Ceteris Paribus, Opportunity Cost

Read: 8, question 3.9 on 23, 71, 72, 75, 73, 74 Day 2 Opportunity Cost= the value of the thing that you didn’t do Allocative Efficiency= customer preferences ...

Economics
ECON 142
Brian Staihr
ECON 142 Lecture Notes - Lecture 1: Marginal Cost, Marginal Revenue, Perfect Competition

Read: 395, 396, 397, 399 Day 1 *Long run costs combined with demand determine how many firms serve a market. The number of firms serving a market determines market st...

Economics
ECON 142
Brian Staihr
ECON 142 Lecture Notes - Lecture 5: Patient Protection And Affordable Care Act, Medicaid, Health Insurance Mandate

Read: 213, 214, 215, 219 chapter 5, 6, & 7 Day 5 Principal-agent problems: one party acting on behalf of another, but there is incomplete in...

Economics
ECON 142
Brian Staihr
ECON 142 Lecture Notes - Lecture 1: Externality, Latte, Demand Curve

Read: ch 5, 140, 155, 154, 138, 139 Day 1 We think equilibrium is the right quantity and price cause everyone can buy and sell at that price. No waste (efficient). Demand curve ...

Economics
ECON 142
Brian Staihr
ECON 142 Lecture Notes - Lecture 2: Pebbles Cereal, Demand Curve, Carbon Tax

Read: 140 Day 2 Evaluating externalities using graphs: What we see on the graph already is private costs and benefits, but we can add on external costs a...

Economics
ECON 142
Brian Staihr
ECON 142 Lecture Notes - Lecture 4: Emergency Medical Treatment And Active Labor Act, Socialized Medicine

Read: 185, 186, 189, 215, 213 Cross price and income elasticity of demand read this and learn it yourself. *When looking at quantity change, it is in %* ...

Economics
ECON 142
Brian Staihr
Permachart - Marketing Reference Guide: Net Asset Value, Mutual Fund, U.S. Securities And Exchange Commission

l e a r n • r e f e r e n c e • r e v i e w permacharts TM Mutual Funds WHAT IS A MUTUAL FUND? PURCHASING & REDEE...

Biology
BIOL2721
All Professors
Macroeconomics - Reference Guides

Take a look at the big picture. This chart covers national income accounting, inflation, consumption, economic growth, money supply, labor markets, monetary policy, international trade, supply side economics, and fiscal po...

Business and Political Economy Program
BPEP-UB 2
All Professors
Permachart - Marketing Reference Guide: Marginal Revenue, Profit Maximization, Marginal Cost

l e a r n • r e f e r e n c e • r e v i e w permacharts TM Microeconomics Microeconomics TYPES OF MARKETS ...

E-Business Marketing
ECN 102
All Professors
Permachart - Marketing Reference Guide: National Environmental Policy Act, Municipal Solid Waste, Criteria Air Contaminants

l e a r n • r e f e r e n c e • r e v i e w permacharts TM EEnvironmental Law ENVIRONMENTAL REGULATION NATIONAL ENVIRONMENTAL POL...

LAW
LAW 356
All Professors

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