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Introduction to Microeconomics
Rutgers University
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Browse the full collection of course materials, past exams, study guides and class notes for 01:220:102 - Introduction to Microeconomics at Rutgers University verified by our …

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Class Notes

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01:220:102 Lecture Notes - Lecture 1: Profit Motive, Opportunity Cost, The Incentive

Economics - comes from the greek word "okionomia", which roughly translates to "household management" Economics is a social science, which is analyzes

01:220:102 Lecture Notes - Lecture 2: Opportunity Cost, Demand Curve

Econ 102 lecture 2 - models and tradeoffs. Simplified representation of a real situation that is used to better understand real-life situations. Steps:

01:220:102 Lecture Notes - Lecture 2: Capital Good, Fallacy, Opportunity Cost

Economics - is derived from a greek word "okionomia", which means "household management" or "management of house affairs . Definition of economics - ec

01:220:102 Lecture Notes - Lecture 3: Human Capital, Absolute Advantage, Comparative Advantage

Econ 102 lecture 3 - models and tradeoffs cont. What causes economic growth: an increase in factors of production - resources used to create goods or s

01:220:102 Lecture Notes - Lecture 4: Demand Curve, The Graphic, Economic Equilibrium

Econ 102 lecture 4 - supply and demand. A competitive market has many buyers and sellers of the same good or service, none of whom can influence the pr

01:220:102 Lecture Notes - Lecture 10: Sales Tax, Tax Bracket, Payroll Tax

Progressive - income rises, so do average tax rates. Regressive - income rises, average tax declines. Proportional - income rises, average tax stays th

01:220:102 Lecture 14: ECON 102 Lecture 14 - Decision Making by Individuals and Firms

Econ 102 lecture 14 - decision making by individuals and firms. Explicit cost is a cost that occurs, is easily identified, and is accounted for in busi

01:220:102 Lecture Notes - Lecture 15: Italian General Confederation Of Labour

01:220:102 Lecture Notes - Lecture 16: Liquid Oxygen, Cost Curve, Sam Lecure

01:220:102 Lecture Notes - Lecture 17: The Communist Manifesto, Institute For Operations Research And The Management Sciences, Black Nationalism

Nature of politics- lecture 17- concepts in political theory- revolution. From the latin word, revolvere (to roll back or to turn over) Body that revol

01:220:102 Lecture 17: Market Structure

01:220:102 Lecture Notes - Lecture 18: Market Power, Demand Curve, Marginal Revenue

A firm that is the only producer of a good with no close substitutes. An industry controlled by a monopolist is known as a monopoly. The ability of a f

01:220:102 Lecture Notes - Lecture 19: Oligopoly, Marginal Cost, Product Differentiation

Monopolies are not permanently protected from forces of entry and imitation. The main difference between a competitive firm and a monopoly is the lengt

01:220:102 Lecture Notes - Lecture 20: Tacit Collusion, Nash Equilibrium, Oligopoly

A decision rule that describes actions a player will take. Representation of a game indicating the players, their strategies, and the payoffs resulting

01:220:102 Lecture Notes - Lecture 21: Allocative Efficiency, Monopolistic Competition, Productive Efficiency

Productive efficiency- the equality of price and minimum atc yields productive efficiency. Allocative efficiency - the equality of price and mc yields

01:220:102 Lecture Notes - Lecture 25: Economic Equilibrium

01:220:102 Lecture Notes - Lecture 26: Abstract Window Toolkit, Import Quota

01:220:102 Lecture Notes - Lecture 27: Externality, Market Failure, Lection