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Verified Documents at University of Ottawa

Browse the full collection of course materials, past exams, study guides and class notes for ECO 1104 - Introduction to Microeconomics at University of Ottawa verified by our …
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PROFESSORS
All Professors
All semesters
David Gray
fall
2
Cristina Blanco-Perez
fall
10
C. Blanco-Perez
spring
3
Yongjing Zhang
fall
1

Verified Documents for Cristina Blanco-Perez

Class Notes

Taken by our most diligent verified note takers in class covering the entire semester.
ECO 1104 Lecture Notes - Lecture 2: Sunk Costs, Opportunity Cost
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ECO 1104 Lecture Notes - Lecture 3: Opportunity Cost
Eco 1104 lecture 3- incentives and economic analysis. Rational behavior suggests that people respond to incentives. An incentive is something that caus
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ECO 1104 Lecture Notes - Lecture 4: Opportunity Cost, Comparative Advantage
We use a model to analyze the production possibility of an individual or a country. The production possibilities model relies on the production possibi
4111
ECO 1104 Lecture 5: ECO1104 LECTURE5 - MARKETS
Eco 1104 lecture 5- markets we can find markets in a market economy. A market refers to the buyers and sellers who trade a particular good or service.
2101
ECO 1104 Lecture Notes - Lecture 6: Economic Equilibrium, Demand Curve, Equilibrium Point
Eco 1104 lecture 6 -supply and market equilibrium. If price goes up (falls), benefit goes up (falls) with respect to opportunity cost: the supply can b
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ECO 1104 Lecture Notes - Lecture 7: Demand Curve, Midpoint Method
Elasticity is a measure of the responsiveness to a change in a market condition. the concept applies to supply and demand. it measures the response to
3500
ECO 1104 Lecture Notes - Lecture 8: Economic Surplus, Toothpaste, Reservation Price
Remember that slope ( y/ x) is not the same as elasticity (% x/% y) . The elasticity of demand is different at different points along a linear demand c
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ECO 1104 Lecture Notes - Lecture 9: Economic Surplus, Economic Equilibrium, Demand Curve
On thursday we had a midterm so this is lecture 9. Producer surplus: the producer surplus can be calculated by summing up individuals" producer surplus
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ECO 1104 Lecture Notes - Lecture 10: Deadweight Loss, Price Ceiling, Economic Equilibrium
Eco 1104 - lecture 10 - government intervention. When markets work well, prices adjust until the quantity of the good demanded is equal to the quantity
3115
ECO 1104 Lecture Notes - Lecture 11: Tax Wedge, Deadweight Loss, Tax Incidence
Taxes: producers or consumers have to pay an extra amount of money to the government. Discourage production and consumption of the good that is taxed.
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