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ECO 2023 Lecture Notes - Lecture 28: Natural Monopoly, Deadweight Loss, Import Quota
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ECO 2023 Lecture 28 Review for Final Exam Review: Marginal Analysis: Compare the marginal benefit to the marginal cost. Production Cost: TC = FC + VC If Q = 0, then VC = 0. If Q = 0. then TC = FC ATC = AFC +AVC AFC = FC Q ...

Economics
ECO 2023
Mark Rush
ECO 2023 Lecture Notes - Lecture 27: Normal Good, Economic Surplus, Opportunity Cost
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ECO 2023 Lecture 27 Distribution of Income and Final Exam Review Lorenz Curve: To measure the distribution of income, economists use the Lorenz Curve. Lorenz Curve: Plots the cumulative percentage of income against the cum...

Economics
ECO 2023
Mark Rush
BSC 2010 Lecture Notes - Lecture 34: Lipid Bilayer, Archaea, Lightning
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BSC 2010 Lecture 34 Origin of Life oWhat is life? oA dynamic system composed of elements that selforganizes, responds to the environment and replicates. oWhat does life require? oEnergy: fuels metabolism to perform the wor...

Biology - Biological Sciences
BSC 2010
Oppenheimer, Miyamoto, Gillooly
BSC 2010 Lecture Notes - Lecture 35: Allopatric Speciation, Supercontinent, Ocean Current
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BSC 2010 Lecture 35 Origin of Life 2: From Prokaryotes to Multicellular Eukaryotes oThe oxygen revolution oMost atmospheric oxygen is of biological origin from photosynthetic bacteria oBy about 2.7 billion years ago, oxyge...

Biology - Biological Sciences
BSC 2010
Oppenheimer, Miyamoto, Gillooly
ECO 2023 Lecture Notes - Lecture 26: Marginal Product, Economic Equilibrium, Human Capital
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ECO 2023 Lecture 26 Labor Market and Distribution of Income Labor Market Labor Supply Curve: Labor Demand Curve: Factors than change the demand for labor and shift the demand for labor curve: Price of the product If price ...

Economics
ECO 2023
Mark Rush
BSC 2010 Lecture Notes - Lecture 33: Australopithecus, Homo Erectus, Homo Habilis
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BSC 2010 Lecture 33 Human Evolution oHuman evolution oPrimates evolved from an ancestral arboreal insectivore about 65 mya oGreat Apes hominoids (25 MYA) Gorillas Orangutans Gibbons Humans Chimpanzees oCommon misconception...

Biology - Biological Sciences
BSC 2010
Oppenheimer, Miyamoto, Gillooly
ECO 2023 Lecture Notes - Lecture 25: Rational Ignorance, Overfishing, Capital Market
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ECO 2023 Lecture 25 Public Goods, Common Resources, and Input Markets Public Good: Public Good: nonrival and nonexcludable Public Choice: The application of economic reasoning to politics. Political Marketplace and their m...

Economics
ECO 2023
Mark Rush
ECO 2023 Lecture 24: Externalities, Public Good, and Common Resources
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ECO 2023 Lecture 24 Externalities, Public Good, and Common Resources External Cost: Pollution External Cost: The efficient quantity is where MSB = MSC. If firms ignore a cost, the firm will overproduce. This will lead to a...

Economics
ECO 2023
Mark Rush
BSC 2010 Lecture Notes - Lecture 32: Synapomorphy, Convergent Evolution, Paraphyly
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BSC 2010 Lecture 32 Reading and Understanding Phylogenies oAll of life is connected through its evolutionary history oAll of life is related through a common ancestor Phylogeny the evolutionary history of these relationshi...

Biology - Biological Sciences
BSC 2010
Oppenheimer, Miyamoto, Gillooly
BSC 2010 Lecture Notes - Lecture 31: Punctuated Equilibrium, Gradualism, Macroevolution
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BSC 2010 Lecture 31 Macroevolution II: Speciation and Extinction oRecall oEvolution: Descent with modification oNatural Selection: Differential reproductive success oEvolutionary fitness: how well a species is able to repr...

Biology - Biological Sciences
BSC 2010
Oppenheimer, Miyamoto, Gillooly
ECO 2023 Lecture Notes - Lecture 23: Dividend Yield, Marginal Cost, Average Variable Cost
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ECO 2023 Lecture 23 Midterm 2 Exam Review Formulas and Summaries: Totals: TC = FC + VC TC = ATC x Q FC = AFC x Q VC = AVC x Q Average: ATC = AFC + AVC ATC = TC Q AFC = FC Q AVC = VC Q Marginals: MP = Q L MC = TC Q MR = TR ...

Economics
ECO 2023
Mark Rush
BSC 2010 Lecture Notes - Lecture 30: Allopatric Speciation, Macroevolution, Ploidy
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BSC 2010 Lecture 30 Macroevolution 1: Origin of Species Macroevolution oThe formation of species A species is a group of actually or potentially interbreeding natural populations that are reproductively isolated from other...

Biology - Biological Sciences
BSC 2010
Oppenheimer, Miyamoto, Gillooly
BSC 2010 Lecture Notes - Lecture 29: Zygote, Meiosis, Phenotypic Trait
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BSC 2010 Lecture 29 Sexual Selection and the Evolution of Sex What is sexual selection? oAdvantage which certain individuals have over others of the same sex and species solely in respect to reproduction Darwin oNatural Se...

Biology - Biological Sciences
BSC 2010
Oppenheimer, Miyamoto, Gillooly
ECO 2023 Lecture Notes - Lecture 22: Clayton Antitrust Act, Sherman Antitrust Act, Price Discrimination
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ECO 2023 Lecture 22 Antitrust Laws, Government and Externalities Antitrust Laws Antitrust Laws: Sherman Act (1890) Clayton Act (1914): Specific business acts are prohibited if they substantially lessen competition or tend ...

Economics
ECO 2023
Mark Rush
BSC 2010 Lecture Notes - Lecture 28: Genetic Drift, Dna Replication, Microevolution
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BSC 2010 Lecture 28 Microevolution II What causes microevolution? o1) Mutation Change in nucleotide sequence of DNA that is passed on between generations Point mutations, gene duplications Low frequency Introduces new alle...

Biology - Biological Sciences
BSC 2010
Oppenheimer, Miyamoto, Gillooly

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