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Semester
Class Notes (1,031,770)
US (404,803)
UC-Irvine (15,361)
ECON (1,359)
Shan, H. (18)

Class Notes for Shan, H.

Basic Economics I

ECON 20A Lecture 9: Taxation
24HR
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Lecture 9 Chapter 6: Taxation A taxation on coffee .50 per cup of coffee Should this tax be impose on the sellers or buyers? And does it matter? Tax on sellers Government is going to college 50 cents per each cup of coffee...

Economics
ECON 20A
Shan, H.
ECON 20A Lecture 1: Syllabus and Introduction to Economics
24HR
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Econ 20A Lecture 1 Syllabus and Introduction to Economics Syllabus Basic information Office location: SSPB 3237 Office hour: Thurs 12 PM Tutoring at Economics Learning Center Weekly homework on Aplia Practice questions ar...

Economics
ECON 20A
Shan, H.
ECON 20A Lecture 4: Theory of Demand and Supply
24HR
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Econ 20A Lecture 4 Chapter 4: Theory of Demand and Supply We live in a market economy Group of buyer and seller interacting with each other resulting in exchanging money and supply They dont focus on what they all need to ...

Economics
ECON 20A
Shan, H.
ECON 20A Lecture 10: Surplus
24HR
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Lecture 10 Chapter 7 Welfare economics: efficiency of Markets Study how allocation of resources affects wellbeing consumers and producers do buyers and sellers gain anything by participating in the market Consumer surplus ...

Economics
ECON 20A
Shan, H.
ECON 20A Lecture 8: Policy - Price Controls
24HR
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Lecture 8 Policy : Price Controls Policy : Price Controls Price ceiling: a legal maximum on the price of a good or service Ex: rent control Not binding is when the market tries to push down the price to meet the equilibri...

Economics
ECON 20A
Shan, H.
ECON 20A Lecture 16: Long, Fixed and Sunk Costs
24HR
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Lecture 16 Chapter 14 Long run cost As output increases, if LRAC decreases then economies of scale exit Diseconomies of scale Chapter 14 Profit are profit maximizing Profit = TR TC TR = P x Q Market structures Number of ...

Economics
ECON 20A
Shan, H.
ECON 20A Lecture 13: Chapter 11 and Midterm Review
24HR
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Lecture 13 Chapter 11 and Midterm Review Public Goods and Common Resources (Chapter 11 cont) Public goods nonexcludable and nonrival They provide a positive externality Price benefit is less than social benefit Market unde...

Economics
ECON 20A
Shan, H.
ECON 20A Lecture 7: Elasticity cont.
24HR
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Lecture 7 Elasticity Income elasticity of demand Cross price elasticity of demand Price elasticity of supply POP QUIZ for 20 mins Total Revenue and Price Elasticity of Demand TR= P x Q Q = 100 P = 3 TR0 3 x 100 = 300 TR = ...

Economics
ECON 20A
Shan, H.
ECON 20A Lecture 6: Elasticity
24HR
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Lecture 6 Chapter 5: Elasticity Midterm: Chapter 1 to 5 Think of which curve to shift, and where to shift Once the demand curve shifts to the right while the supply curve remains the same the price and quantity will also r...

Economics
ECON 20A
Shan, H.
ECON 20A Lecture 11: Market Equilibrium and Failure
24HR
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Lecture 11 Chapter 7, Chapter 8 and Chapter 10.1 Evaluating the market equilibrium TS = value to buyer cost to seller Value to buyers = maximized TS Taxation (Chapter 8) A tax on a good places a wedge between the price th...

Economics
ECON 20A
Shan, H.
ECON 20A Lecture 18: Monopoly
24HR
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Lecture 18 Monopoly a firm that is Single seller No close substitutes Has market power Can influence the market price Barrier to entry Owns a key resources Ex: Beers owns most of the worlds diamond mines Has exclusive rig...

Economics
ECON 20A
Shan, H.
ECON 20A Lecture 3: Production Possibilities Frontier (PPF)
24HR
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Econ 20A Lecture 3 Chapter 2 (cont) and Chapter 3 The Production Possibilities Frontier (PPF) Economy producing two goods Produce ketchup and steel Options Bottles of Ketchup Bars of Steel A 0 100 B 120 90 C 200 70 D 250 ...

Economics
ECON 20A
Shan, H.
ECON 20A Lecture 5: Theory of Supply and Demand
24HR
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Econ 20A Lecture 5 Chapter 4 (Cont): Theory of Demand and Supply Demand 1. Income 2. Price of related goods 3. Tastes of preferences Ex: Trend in fashion changes causes the shift in demand Ex: if an article states that cof...

Economics
ECON 20A
Shan, H.
ECON 20A Lecture 14: Firm Behaviour
24HR
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Lecture 14 Chapter 13 Firm Behavior Supply side of market Industrial organization How does production take place Understand the cost per firm Production and Cost of Production (Chapter 13) Firms are profit maximizing entit...

Economics
ECON 20A
Shan, H.
ECON 20A Lecture 17: Firm Under Perfect Competition
24HR
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Lecture 17 Firm Under Perfect Competition P = AP = MP A = TR TC 1. Long term supply curve (MC above ATC) 2. Short term supply curve (MC above AVC)

Economics
ECON 20A
Shan, H.
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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