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Class Notes for Economics at University of California - Santa Barbara

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The notes and past exams you need. Available 24 hours after each lecture.

ECON 2 Lecture Notes - Lecture 2: Absolute Advantage, Comparative Advantage, Opportunity Cost
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ECON 2 Lecture 2: International Trade and GDP Trade: Myths and Misconceptions Misconception: Protectionism (the practice of enacting tariffs to protect your countrys industry) saves jobs While it does theoretically save jo...

Economics
ECON 2
Rupert P
ECON 1 Lecture Notes - Lecture 31: Marginal Utility, Marginal Product
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lesson 1 Theory us Reality is a simplification of Theory Reality Agood theory the right simplification e one g price lesson 2 Thinking on the margin ...

Economics
ECON 1
Ryan Oprea
ECON 1 Lecture 30: Price Discrimination
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Price Discrimination lower price to consumers with lower willingness to pay without lowering price to other customers ...

Economics
ECON 1
Ryan Oprea
ECON 1 Lecture Notes - Lecture 29: Competitive Equilibrium, Market Power, Demand Curve
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Price Taking market one all competitive price for 1 competitive equilibrium buyers can choose from any sellers...

Economics
ECON 1
Ryan Oprea
ECON 1 Lecture Notes - Lecture 27: Cupcake, World War I
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characteristics of private Goods excludablet owner can prevent others from enjoying the goods scarcity exclusion rivalinconsumption i use the good you cant i one unit cupcake one can consume 4 Not all rival Goods are exclu...

Economics
ECON 1
Ryan Oprea
ECON 1 Lecture Notes - Lecture 26: Externality
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Positive externality benefit 3rd party i flower ingarden paint house education vaccination example 1 town 100 families 100 old houses all ne...

Economics
ECON 1
Ryan Oprea
ECON 1 Lecture Notes - Lecture 23: Intelligence Quotient, Net Income
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U shaped Average cost 1unit Mc when no AC AC is at minimum its period How much to produce u...

Economics
ECON 1
Ryan Oprea
ECON 1 Lecture Notes - Lecture 22: Sunk Costs, Fixed Cost, Variable Cost
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Short Run A period of time during which only some decisions can be changed Long Run A period of time long enough to allow all decisions to be cha...

Economics
ECON 1
Ryan Oprea
ECON 1 Lecture Notes - Lecture 21: Competitive Equilibrium, Externality, Social Cost
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Case The Isle of Effluvia Pollution negative externality each flamingo causes 20 external cost competitive equilibrium had negative profits a tax 20 increased ...

Economics
ECON 1
Ryan Oprea
ECON 1 Lecture 18: Negative Externalities
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Price elasticity recap Total wage WL w wage rate he of laborhours 01Wh t 1Wh 0MW 04L elastic quantity effect dominates total wage talls Global warming solutions involving gov nt interventions Quota on Cov emissions carbon ...

Economics
ECON 1
Ryan Oprea
ECON 1 Lecture Notes - Lecture 17: Reservation Wage, Opportunity Cost, Competitive Equilibrium
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Reservation wage opportunity cost of a worker's labor time Demand Table worketuarginalvaluepwdnt O i w I n ...

Economics
ECON 1
Ryan Oprea
ECON 1 Lecture Notes - Lecture 16: Marginal Product, Product Rule
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A Firms view A firm employs workers to produce output to sell i a Firm is a buyer 1 demander of workers A Market Competitive competitive assumption works for same everyone wage Marginal product of labor the extra produced ...

Economics
ECON 1
Ryan Oprea
ECON 1 Lecture Notes - Lecture 15: Deadweight Loss, Tax Wedge, Opportunity Cost
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Quiz 2 Opportunity cost cost Supply Loss excess burden Deadweight 1055 To seller 150 loss to buyers 75 tax revenue 4150 dead loss 475 weight linear supply and Demand P 52 lossto buyers I 1 1 gtaxrevenue A tax wedge is 1 7 ...

Economics
ECON 1
Ryan Oprea
ECON 1 Lecture 13: Tax Incidence
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exercise tax A tax on a specific good or service tax incidence The division of a tax payment and between buyers sellers determined by comparing the new and old market equilibrium s 50 20 to 30 priceincreasedecrease quantit...

Economics
ECON 1
Ryan Oprea
ECON 1 Lecture Notes - Lecture 12: Statics, Demand Curve
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A mystery Motel more August expensive less vacancies to compared Jan ...

Economics
ECON 1
Ryan Oprea
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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