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G. Mateer
spring
27

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Class Notes

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ECON 200 Lecture Notes - Lecture 1: Unintended Consequences, Potential Output, Opportunity Cost
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ECON 200 Lecture Notes - Lecture 2: Ceteris Paribus, Opportunity Cost, Allen Edmonds
The scientific method: positive analysis, testable, normative analysis, opinion. Modeling: models are simplistic, but they can emphasize key concepts,
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ECON 200 Lecture 3: Class 3 - Chapter 3
Shows the maximum amount of any two products that can be produced from a fixed amount of resources. Inefficient: not making enough (high unemployment:
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ECON 200 Lecture 4: Class 4
Inverse relationship between price and quantity of demand: typical range of prices over which price matters a great deal (notice the negative slope) La
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ECON 200 Lecture Notes - Lecture 5: The Hudsucker Proxy, Docent, Demand Curve
In the dq commercial we watched if the price of the waffle cone piece goes up then the demand for ice cream. In general, if the price of the ice cream
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ECON 200 Lecture Notes - Lecture 6: Starbucks, Butterscotch, Demand Curve
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ECON 200 Lecture 7: Class 7
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ECON 200 Lecture 8: Class 8
05 feb 19: example, paying for a generator for a car, popcorn at the movies (not price gouging) Scalpers help to establish the true market clearing pri
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ECON 200 Lecture Notes - Lecture 10: Environmental Economics, Acid Rock, Social Cost
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ECON 200 Lecture 11: Class 10
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ECON 200 Lecture 12: Class 11
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ECON 200 Lecture Notes - Lecture 13: Lemonade Stand, Marginal Product, Longrun
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ECON 200 Lecture 14: Class 13
Markets and the nature of competition: competitive markets, pizza, farmer"s market, gas station. Imperfect markets (have market power: basketball games
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ECON 200 Lecture Notes - Lecture 15: Digital Economy, Economic Equilibrium, Longrun
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ECON 200 Lecture Notes - Lecture 18: Carpool, Marginal Revenue, Perfect Competition
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ECON 200 Lecture Notes - Lecture 19: The Home Depot, Fix-Up, Oligopoly
Sun game: negative, society getting poorer, destroy items, negative effect with one party losing a lot and another party losing a little bit. Zero: som
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ECON 200 Lecture Notes - Lecture 20: Oligopoly, Marginal Utility, Budget Constraint
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ECON 200 Lecture Notes - Lecture 21: The Icee Company, Marginal Cost, Demand Curve
Maximizing utility: two goods, pizza and pepsi, pizza is per slice, pepsi is per can, you have to spend, consumption of pizza and pepsi both exhibit
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ECON 200 Lecture Notes - Lecture 23: Monty Hall Problem, Bounded Rationality, Behavioral Economics
What is behavioral economics: a field of economics that studies psychological influences in economic decision making. Misperceptions of probabilities:
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ECON 200 Lecture Notes - Lecture 24: Allais Paradox, Gross Domestic Product, Price Level
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ECON 200 Lecture Notes - Lecture 25: Black Market, National Bureau Of Economic Research, W. M. Keck Observatory
Gdp per capita: measures economic output per person. Gdp does not fully account for: nonmarket goods, the underground economy, the quality of environme
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ECON 200 Lecture Notes - Lecture 26: Structural Unemployment
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ECON 200 Lecture Notes - Lecture 27: Real Wages, Plasma Display, Money Supply
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ECON 200 Lecture Notes - Lecture 28: Production Function, Deflation, Technological Change
2. 12: these small differences in growth rates may not look important but they are, rule of 70, with annual growth of x percent, the level of a variabl
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ECON 200 Lecture Notes - Lecture 29: Social Security Trust Fund, Baby Boomers, Ida May Fuller
Economic freedom and quality of life: gdp = f (capital, technology, institutions, nogales, az, nogales, mx, trend in the lifetime distribution of discr
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ECON 200 Lecture Notes - Lecture 30: Jet Stream, Government Spending
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ECON 200 Lecture Notes - Lecture 31: Federal Reserve System, Open Market Operation, Quantitative Easing
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