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Class Notes for Economics at University of Virginia

Exam Study Guides for Economics Courses

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ECON 2010 Lecture Notes - Lecture 3: Invisible Hand, Vise, Vending Machine

Sept 19 Pegs: How do consumers behave? LDMU = law of diminishing marginal utility Are you obeying this law? Rational Behavior or Optimizing Behavior means maximizing utility After first test...

Economics
ECON 2010
Kenneth G.Elzinga
ECON 2010 Lecture Notes - Lecture 2: Marginal Utility, Demand Curve, Economic Equilibrium

Aug 29 Supply and Demand 3 elements: Buyers/Consumers, Sellers/Firms, Market Place (where they come together) Family example: What determines a familys demand (in econ demand means preference) for eggs? 1.Taste br...

Economics
ECON 2010
Kenneth G.Elzinga
ECON 2010 Lecture Notes - Lecture 1: Positivism, Normative Science, Invisible Hand

The Central Economic Problems and the Approach of Economics Fact Story Theory Metaphor Fact Salsa now outsells ketchup in the US Story Limitation of building height in DC, but deaths from building jumps increased Metapho...

Economics
ECON 2010
Kenneth G.Elzinga
ECON 2060 Lecture Notes - Lecture 16: Roger B. Taney, Mercantilism
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ECON 2060 Lecture 10/4 Mark Thomas • To what extent did government after the ratification pursue an agenda consistent with the ideals of free trade and a comparative marketplace • Answer: groups desi...

Economics
ECON 2060
Mark Thomas
ECON 2060 Lecture Notes - Lecture 14: Socage, Continental Congress, Money Supply
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Econ 2060 Lecture 9/27/17 Mark Thomas Economics of the Constitution September 27th 1. To what extent is constitutional economic document that Smith would approv...

Economics
ECON 2060
Mark Thomas
ECON 2060 Lecture Notes - Lecture 15: Democratic-Republican Party, Navigation Acts, Limited Government
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ECON 2060 Lecture 9/29 Mark Thomas Economic Policy Under the Constitution September 29th • Land market was least restrictive in the western hemisphere • America wa...

Economics
ECON 2060
Mark Thomas
ECON 2060 Lecture Notes - Lecture 2: Advantageous, Navigation Acts, Productive And Unproductive Labour

September​ ​18th Exam ● A-​ ​identifications:​ ​5​ ​questions,​ ​proper​ ​nouns,​ ​piece​ ​legislations,​ ​name​ ​of​ ​person,​ ​event,​ ​term, division​ ​of​ ​labor.​ ​Write​ ​one​ ​sentence​ ​MAX!!​ ​Each...

Economics
ECON 2060
Mark Thomas
ECON 2060 Lecture Notes - Lecture 1: Per Capita Income, Sugar Act, Competitive Advantage

Demography​ ​of​ ​Colonial​ ​America ● Could​ ​expand​ ​rapidly​ ​without​ ​technological​ ​innovation​ ​because​ ​of​ ​resources ● Resource​ ​ratios​ ​increased​ ​so​ ​population​ ​could​ ​continue​ ​to​ ​gro...

Economics
ECON 2060
Mark Thomas
ECON 2020 Lecture Notes - Lecture 3: Rational Expectations, Fiscal Multiplier, Government Spending

Chapter 16 Spending Multiplier - Stage 1: Increase Spending - AD: C+I+G+NX - Stage 2: Let spending multiply - Spending=GDP=Income - Total spending generated will be a multiple of the initial chang...

Economics
ECON 2020
Coppock
ECON 2020 Lecture Notes - Lecture 2: John Maynard Keynes, Endogenous Growth Theory, Loanable Funds

Growth Economics Poor vs Rich Countries - GDP per capita: poor- $2872, rich- $40651 - Infant Mortality is less in rich - Under 5 mortality rate more in poor - Life expectancy is shorter for poor ...

Economics
ECON 2020
Coppock
ECON 2020 Lecture Notes - Lecture 1: Economic Equilibrium, Time Preference, Securitization

Lecture 1 Macro: Trade Trade/Exchange • When it is produced over seas= international trade • When it’s produced in our country= domestic trade (most common) • Trade is the fundamental action in exchange Fou...

Economics
ECON 2020
Coppock
ECON 2010 Lecture Notes - Lecture 1: Demand Curve, Planned Economy, Mixed Economy

Econ 2010 Notes 08/23/2016 Econ is a science that involves: facts, stories, theories, and metaphors - Adam Smith: The Invisible Hand- a mechanism in which we could benefit for ourselves while at the same time...

Economics
ECON 2010
Elzinga Kenneth
ECON 3030 Lecture Notes - Lecture 2: Uniform Partnership Act, Limited Liability Partnership, Limited Liability

Comm Law II Notes Agency Law I. Agency: consensual fiduciary relationship in which one person (agent) consents to act on behalf of – and under the control of, another person (principal). (perso...

Economics
ECON 3030
Zachary Bethune
ECON 2020 Lecture 4: EconChap2-Trade

True voluntar les of tru) Trule both side Inter,thon Shun results in gain are helpful enus Trudes allow te placed in thuh need them mure, Whunt your asin ls mure valuable thun plzza is zero sum gain upply people work ou et...

Economics
ECON 2020
Coppock
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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