Verified Documents at University of British Columbia
- Principles of Microeconomics
- University of British Columbia
- Verified Notes
Browse the full collection of course materials, past exams, study guides and class notes for ECON 101 - Principles of Microeconomics at University of British Columbia verified by …
PROFESSORS
All Professors
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Robert Gateman
fall
17Anichul Khan
fall
39Cheryl FU
fall
22Verified Documents for Robert Gateman
Class Notes
Taken by our most diligent verified note takers in class covering the entire semester.
ECON 101 Lecture Notes - Lecture 1: Barter, Quality Control, Open Economy
Economic issues and and concepts: what is economics, the complexity of the modern economy. 4: well, maybe i will assume nothing. I don"t trust this cou
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ECON 101 Lecture Notes - Lecture 1: Human Capital, Opportunity Cost
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ECON 101 Lecture Notes - Lecture 2: Time Series, Scatter Plot, Weighted Arithmetic Mean
Econ 101 lecture 2 economic theories: positive versus normative, building and testing theories, economic data, positive versus normative. Often testabl
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ECON 101 Lecture Notes - Lecture 3: Ceteris Paribus, Consumer Direct, Inverse Relation
Econ 101 lecture 3 demand and supply: demand, definition i. ii. Quantity demanded (qd) is the quantity of good/services that a household wants to purch
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ECON 101 Lecture Notes - Lecture 3: Ceteris Paribus, Inverse Relation, Marginal Utility
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ECON 101 Lecture Notes - Lecture 4: Ceteris Paribus, Complementary Good, Inverse Relation
2. 1: supply = selling, demand = buying, **magic of microeconomics = free market works without suppliers a(cid:374)d de(cid:373)a(cid:374)ders k(cid:37
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ECON 101 Lecture Notes - Lecture 4: Ceteris Paribus, Normal Good, Inferior Good
Econ 101 lecture 4 elasticity: price elasticity of demand, measurement i. ii. iii. iv. v. Price elasticity of demand where e = location and inclination
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ECON 101 Lecture Notes - Lecture 5: Excess Supply, Shortage
Qs does not have to equal qd, however, when somebody strikes a. Equilibrium deal, they by default have to be equal. This is the quality exchanged: qs&g
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ECON 101 Lecture Notes - Lecture 5: Price Ceiling, Price Floor, Tax Incidence
Interaction among markets: markets affects one another during operation and this creates spillovers or feedbacks i. An increase in the technology for p
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ECON 101 Lecture Notes - Lecture 6: Price Support, North American Free Trade Agreement, Ad Valorem Tax
Econ 101 lecture 6 markets in action con"t: agriculture and the farm problem, long and short run problems i. The problems: short term- farm prices (inc
397
ECON 101 Lecture Notes - Lecture 7: Ceteris Paribus, Marginal Utility, Demand Curve
Econ 101 lecture 7 consumer behaviour: marginal utility analysis, household and market demand, market demand = household demand ii, you add horizontall
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ECON 101 Lecture Notes - Lecture 8: Economic Surplus, Decision Theory, Reservation Price
Econ 101 lecture 8 consumer behaviour con"t: consumer surplus, the concept, mux = px/py x muy, from condition for tu max. Assume: y = money, p($) = 1,
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ECON 101 Lecture Notes - Lecture 9: Limited Liability Partnership, Legal Personality, Limited Partnership
Econ 101 lecture 9 producers in the short run: the role of the firm, forms of business organizations i. ii. A firm is a self-contained profit maximizin
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ECON 101 Lecture Notes - Lecture 10: Ceteris Paribus, Inflection Point, Marginal Product
Q = f(n, k) (labour varies, k is constant: three concepts relating output q to variable factor n ii. iii. i. Extra output form one last unit of input.
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ECON 101 Lecture Notes - Lecture 11: Profit Maximization, Technological Change, Indifference Curve
Econ 101 lecture 11 producers in the long run: the long run: no fixed factors, profit maximization and cost minimization i. ii. iii. Revenues are unkno
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ECON 101 Lecture Notes - Lecture 12: Monopolistic Competition, Perfect Competition, Market Power
Econ 101 lecture 12 competitive markets: market structure and firm behaviour, market structure is the genetic features of market that affect firm behav
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ECON 101 Lecture Notes - Lecture 13: Market Power, Demand Curve, Takers
Econ 101 lecture 13 monopoly: theory of monopoly: single price, assumptions of monopoly. There is no competition in monopoly i: monopoly market structu
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