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Browse the full collection of course materials, past exams, study guides and class notes for ECON 201 - Introduction To Microeconomics at Concordia University verified by our …
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Ivan Tchinkov
fall
19

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Class Notes

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ECON 201 Lecture Notes - Lecture 3: Hypothesis, Panel Data, Mixed Economy
Econ 201 lecture 2 theories, models and data. The examination and observance of economic behaviour involves the use of variables and data: variables: m
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ECON 201 Lecture Notes - Lecture 3: Time Series, Absolute Advantage, Real Change
About incentives for people to perform important tasks. Focuses on the improvement of the society. Uses mathematics, models, data and statistical metho
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ECON 201 Lecture Notes - Fall 2018 Lecture 5 - Complementary good, Price ceiling, Price floor
Econ 201 - lecture 3 supply and demand (monday 17/09 + sunday 19/9/ week 3) Demand for petroleum engineering is the highest => most paid occupation. Th
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ECON 201 Lecture Notes - Lecture 7: Negative Number, Ad Valorem Tax, Tax Incidence
Econ 201 lecture 6+7 (chapter 4) - elasticities of demand and supply (monday 24/09 + wednesday 26/9/ week 4) Purpose of deciding a price of a product:
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ECON 201 Lecture Notes - Lecture 8: Economic Surplus, Deadweight Loss, Marginal Cost
Econ 201 lecture 8 (chapter 5) - welfare economics, externalities and non- Keyterms: equity: concerns how economy"s benefit (goods, rewards, subsidies,
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ECON 201 Lecture Notes - Lecture 9: Demand Curve, Deadweight Loss, Cost
Econ 201 lecture 9 (chapter 5) - welfare economics, externalities and non- Negative externalities: externalities: the cost impact on other people (the
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ECON 201 Lecture Notes - Lecture 11: Consumer Choice
Econ 201 lecture 11 (chapter 6) consumer choice and demand decisions (wednesday 10/10 week 6) Keyterms: rational choice/rationality: every individual h
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ECON 201 Lecture Notes - Lecture 14: Consumer Choice, Marginal Utility, Normal Good
Econ 201 lecture 14 (chapter 6) consumer choice and demand decisions (monday 22/10 week 6: mu concept: To understand more about marginal utility (mu) o
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ECON 201 Lecture Notes - Lecture 15: Indifference Curve, Capital Market, Opportunity Cost
Econ 201 lecture 15 (chapter 7) firms, investors and capital markets (wednesday 24/10 week 6) *important: addition information of chapter 6: special ca
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ECON 201 Lecture Notes - Lecture 16: Average Cost, Average Variable Cost, Marginal Cost
Econ 201 lecture 16 (chapter 8) production and costs (monday 29/10 week 9) Time frame: not defined by time but by whether production is flexible or not
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ECON 201 Lecture Notes - Lecture 17: Fixed Cost, Technological Change, Marginal Cost
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ECON 201 Lecture Notes - Lecture 18: Perfect Competition, Demand Curve, Marginal Cost
Econ 201 lecture 18 (chapter 9) part 1: perfect competition (monday 5/11 week 10) Economic (not accounting) profit = tr (total revenue) tc (total cost)
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ECON 201 Lecture Notes - Lecture 19: Perfect Competition, Demand Curve, Economic Equilibrium
Econ 201 lecture 19 (chapter 9) part 2: perfect competition (wednesday 7/11 week 10) Additional information from the previous lecture: at p3 (break-eve
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ECON 201 Lecture Notes - Lecture 20: Predatory Pricing, Natural Monopoly, Profit Maximization
Econ 201 lecture 20 (chapter 10) part 1: monopoly (monday 13/11 week 11) Keyterms: natural monopoly: it"s hard for a new entrance to enter the market a
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ECON 201 Lecture Notes - Lecture 21: Economic Surplus, Perfect Competition, Rent-Seeking
Econ 201 lecture 21 (chapter 10) part 2: monopoly (wednesday 14/11 week 11) Because of perfect price discrimination, d becomes mr curve. (since monopol
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ECON 201 Lecture Notes - Lecture 22: Imperfect Competition, Monopolistic Competition, Perfect Competition
Econ 201 lecture 22 (chapter 11) part 1: imperfect competition (monday 19/11 week 11) Review: previously in chapter 9 & 10 we have studied the extremes
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ECON 201 Lecture Notes - Lecture 23: Imperfect Competition, Best Response, Demand Curve
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ECON 201 Lecture Notes - Lecture 24: Trans-Pacific Partnership, Absolute Advantage, Opportunity Cost
Econ 201 lecture 24 (chapter 15) part 1 international trade (monday 26/11) Countries export what they can produce effectively and import what they do n
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ECON 201 Lecture Notes - Lecture 25: Deadweight Loss, Economic Surplus, World Trade Organization
Econ 201 lecture 25 (chapter 15) part 2 international trade (wednesday 28/11) They all create a deadweight loss for the society: tariff: Tariff increas
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