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Class Notes for ECO 101 at The College of New Jersey (TCNJ)

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TCNJECO 101GreenblattFall

ECO 101 Lecture Notes - Lecture 5: Demand Curve, Inferior Good, Normal Good

OC19126122 Page
15 Nov 2018
0
Individual v. market demand, demand curve, horizontal summation. Demand curve shows effect of price on quantity demanded. Income: normal good: demand f
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TCNJECO 101GreenblattFall

ECO 101 Lecture Notes - Lecture 1: Chicago Boys, Natural Experiment, Scatter Plot

OC19126123 Page
15 Nov 2018
0
Correlation may show a relationship, but not necessarily. Correlation only measures the linear relationship between two variables. 1, -1, these values
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TCNJECO 101GreenblattFall

ECO 101 Lecture Notes - Lecture 2: New Keynesian Economics, Confirmation Bias, Opportunity Cost

OC19126122 Page
15 Nov 2018
0
Positi(cid:448)e: state(cid:373)e(cid:374)t of (cid:272)ause a(cid:374)d effe(cid:272)t, fa(cid:272)tually true (cid:894)at least it"s (cid:448)erifia(
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TCNJECO 101Thomas BreslinSpring

ECO 101 Lecture 22: 4:19 Lecture

OC10557452 Page
20 Jul 2016
10
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TCNJECO 101Thomas BreslinSpring

ECO 101 Lecture 18: 4:1 Lecture

OC10557451 Page
20 Jul 2016
6
For the competitive rm: p = ar = mr, short run vs. long run short run: xed plant size long run: variable plant size, pro t maximization. Short run deci
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TCNJECO 101Thomas BreslinSpring

ECO 101 Lecture 15: 3:25 Lecture

OC10557451 Page
20 Jul 2016
4
Tariffs are excise taxes on imports and may be used for revenue purposes, or more commonly as protective tariffs that protect domestic producers from f
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TCNJECO 101Thomas BreslinSpring

ECO 101 Lecture 27: 5:4 Lecture

OC10557452 Page
20 Jul 2016
7
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TCNJECO 101Thomas BreslinSpring

ECO 101 Lecture 24: 4:26 Lecture

OC10557451 Page
20 Jul 2016
7
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TCNJECO 101Thomas BreslinSpring

ECO 101 Lecture 20: 4:8 Lecture

OC10557452 Page
20 Jul 2016
8
Pure monopoly - an introduction: de nition: pure monopoly exists when a single rm is the sole producer of a product for which there are no close substi
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TCNJECO 101Thomas BreslinSpring

ECO 101 Lecture 16: 3:29 Lecture

OC10557452 Page
20 Jul 2016
9
Implicit costs: are payments the self-employed resource could have earned in their next best alternative use: economic costs = explicit + implicit cost
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TCNJECO 101Thomas BreslinSpring

ECO 101 Lecture 28: 5:6 Lecture

OC10557452 Page
20 Jul 2016
8
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TCNJECO 101Thomas BreslinSpring

ECO 101 Lecture 21: 4:15 Lecture

OC10557452 Page
20 Jul 2016
5
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