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Verified Documents at University of Toronto Scarborough

Browse the full collection of course materials, past exams, study guides and class notes for MGEA01H3 - Introduction to Microeconomics at University of Toronto Scarborough …
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PROFESSORS
All Professors
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H. Ho
fall
10

Verified Documents for H. Ho

Class Notes

Taken by our most diligent verified note takers in class covering the entire semester.
MGEA01H3 Lecture Notes - Lecture 1: Opportunity Cost, Human Resources, Government Spending
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MGEA01H3 Lecture Notes - Lecture 1: Ice Pop, Opportunity Cost
More of one thing means less of something else. The opportunity cost of using scarce resources for one thing instead of something else is often represe
3215
MGEA01H3 Lecture Notes - Lecture 1: Barter, Planned Economy, Economic System
Trade takes the form of barter when people directly exchange goods or services they have for goods or services they want. The circular-flow diagram is
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MGEA01H3 Lecture Notes - Lecture 1: Opportunity Cost, Market Failure, Cash Register
#1 choices are necessary because resources are scarce. #2 the true cost of an item is its opportunity cost. #3 how much? is a decision at the margin. #
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MGEA01H3 Lecture 1: MGEAO1 Lecture notes 1and 2
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MGEA01H3 Lecture Notes - Lecture 2: Demand Curve, Economic Equilibrium, Market Price
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MGEA01H3 Lecture Notes - Lecture 3: Economic Surplus, Demand Curve, Externality
Consumer surplus: willingness to pay the maximum price at which a consumer would purchase a good or service. Individual consumer surplus the net gain t
3171
MGEA01H3 Lecture Notes - Lecture 4: Deadweight Loss, Price Ceiling, Price Controls
3171
MGEA01H3 Lecture Notes - Lecture 5: Demand Curve, Midpoint Method, Inferior Good
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MGEA01H3 Lecture Notes - Lecture 6: Tax Wedge, Deadweight Loss, Unemployment Benefits
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