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Class Notes for Economics at University of Vermont

EC 012 Lecture Notes - Lecture 13: Monopolistic Competition, Demand Curve, Product Differentiation
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Monopolistic Competition th th November 28 and 30 Firms use product differentiation to make small monopolies over their own product in terms of features and type of consumer Features of monopolistic competition: (1) Many c...

Economics
EC 012
Sara Justine Solnick
EC 012 Lecture 5: Elasticity
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Elasticity September 17 , 19 , and 21 st Elastic demand is defined as price increasing and quantity demanded increasing significantly Has a low slope Inelastic demand is defined as price increasing and quantity demanded st...

Economics
EC 012
Sara Justine Solnick
EC 012 Lecture Notes - Lecture 3: Economic Surplus, Deadweight Loss
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find more resources at oneclass.com Consumer and Producer Surplus th th September 4 and 7 Consumer surplus (willingness to pay WTP-price); wants highest surplus possible Producer surplus (Price-...

Economics
EC 012
Sara Justine Solnick
EC 012 Lecture Notes - Lecture 1: Opportunity Cost, Normal Good
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Principles of Economics th August 29 1. Choices are necessary because resources are scarce a. Resource is anything that can be used to produce something else b. Scarce mean its in short supply; there is not enough of it to...

Economics
EC 012
Sara Justine Solnick
EC 060 Lecture Notes - Lecture 3: Ultimatum Game, Normal-Form Game, Strategic Dominance
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Capitalism and Human Welfare Class Notes December 3, 2018 Final Exam Review: Key Concepts Missed on the Last Exam Review Problems for Final Exam Find Under Course Materials no class on Friday 127 The Ultimatum Game Why to ...

Economics
EC 060
Elaine Denise Mc Crate
EC 060 Lecture 2: Using the Models
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Economics
EC 060
Elaine Denise Mc Crate
EC 060 Lecture 1: Cost of Job Loss
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Economics
EC 060
Elaine Denise Mc Crate
EC 045 Lecture Notes - Lecture 16: Government Spending, Economic Surplus, Protectionism

4.5.18 Thursday, April 5, 201810:28 AM Welfare Effects of Protectionism: Tariffs and Quotas Consumer surplus Area below demand curve and above market price. Represents improvement in consumers welfare as they participate i...

Economics
EC 045
Catalina M Vizcarra
EC 045 Lecture 18: Lecture 18

4.12.18 Thursday, April 12, 201810:20 AM Costs of inflation Potential fall in real incomes Decline in competitiveness Fall in real value of savings Menu costs Boom and bust cycle Costs of reducing inflation Growing social ...

Economics
EC 045
Catalina M Vizcarra
EC 045 Lecture 13: Lecture 13

3.22.18 Thursday, March 22, 2018 10:18 AM Commodities products for which one unit of the product is indistinguishable from another unit. Demand and supply for commodities are inelastic. Inelastic demand quantity demanded d...

Economics
EC 045
Catalina M Vizcarra
EC 045 Lecture 14: Lecture 14

3.29.18 Thursday, March 29, 2018 10:12 AM L.A specialized in primary products for European markets, while Europe traded its manufactures in return. Commercialization handled by foreigners High achievers during the Belle Ep...

Economics
EC 045
Catalina M Vizcarra
EC 045 Lecture Notes - Lecture 15: World-Systems Theory, Price Controls, Commodity Market

4.3.18 Tuesday, April 3, 2018 10:12 AM L.A specialized in exports of primary products, economies grew rapidly in late 19th century Limited production of manufactures, mostly textiles and processed food and beverages Not in...

Economics
EC 045
Catalina M Vizcarra
EC 045 Lecture Notes - Lecture 12: Daron Acemoğlu, Hernando De Soto

3.20.18 Tuesday, March 20, 2018 10:10 AM Hernando De Soto two main works on the informal sector Peruvian system historically distributed exclusive rights by means of laws and regulations to the elite Informal sector is an ...

Economics
EC 045
Catalina M Vizcarra
EC 045 Lecture Notes - Lecture 10: Informal Sector, Devo, French Revolution

3118 Thursday, March 1, 2018 10:04 AM Engerman and Sokoloff Factor endowments shaped the institutions the colonizers established, which in turn affected the degree of inequality and path of growth in former colonies Eviden...

Economics
EC 045
Catalina M Vizcarra
EC 045 Lecture Notes - Lecture 9: New Institutional Economics, Factors Of Production, Stanley Engerman

22718 Tuesday, February 27, 2018 10:06 AM The Geography Hypotheses Simple geography hypothesis Geography affects productivity directly through work effort, disease environment, transportation costs, etc. Sophisticated geog...

Economics
EC 045
Catalina M Vizcarra
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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