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- Introduction to Microeconomics
- University of Washington
- Verified Notes
Browse the full collection of course materials, past exams, study guides and class notes for ECON 200 - Introduction to Microeconomics at University of Washington verified by our …
PROFESSORS
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fall
2Dokyung Lee
fall
1Salehi-Esfahani
fall
18Haideh Salehi-Estafani
fall
1Verified Documents for Salehi-Esfahani
Class Notes
Taken by our most diligent verified note takers in class covering the entire semester.
ECON 200 Lecture Notes - Lecture 1: Automatic Repeat Request, Multiple Choice, Sunk Costs
Office hours: m: 12:30-1:30; w: 12-1 and f: 10- 11, and by appointment. Quizzes harder than hw, test application and analysis. **quiz/exam grade depend
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ECON 200 Lecture Notes - Lecture 1: Automatic Repeat Request, Multiple Choice, European Cooperation In Science And Technology
Office hours: m: 12:30-1:30; w: 12-1 and f: 10- 11, and by appointment. Quizzes harder than hw, test application and analysis. **quiz/exam grade depend
369
ECON 200 Lecture Notes - Lecture 2: Economic Surplus, Lemonade, Forego
1: q: what are the major postulates of consumer behavior, concept of marginal value & examples. The concept of demand & examples the concept of
646
ECON 200 Lecture Notes - Lecture 3: Opportunity Cost, Tax Bracket, Economic Surplus
Tv = sum of mv up to the quantity we purchase. With the example, using discrete numbers, consumer surplus curve has a flat top: If the rate of consumpt
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ECON 200 Lecture Notes - Lecture 4: Consumption Smoothing, Opportunity Cost, Demand Curve
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ECON 200 Lecture Notes - Lecture 5: Demand Curve
Review questions : what matters to the law of demand is, price of gasoline in years 1983, 2004, 2005, 2013, 2016, and 2018: Must consider the prices of
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ECON 200 Lecture Notes - Lecture 6: Coffee Table, High Fructose Corn Syrup, Tariff
A: students have a higher price sensitivity relating to the concept of price elasticity of demand have a higher price elasticity of demand, where profe
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ECON 200 Lecture Notes - Lecture 7: Marginal Cost, Economic Surplus
Someone who is a consumer of a good(s) can become sellers of that good. The source of mutual benefit is the differences between marginal evaluations of
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ECON 200 Lecture 8: ECON 200, 10/23/18, Lecture #8, Market Supply & Equilibrium
When mv is higher than price, one will consume the good/service. When price exceeds, one can become a seller of that same item. Review concept: supply
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ECON 200 Lecture Notes - Lecture 9: Tax Deduction, Marginal Cost, Demand Curve
Lecture outline : the effect of government subsidy on the behavior of suppliers, and, consumers (demanders, examples. Understand the effects of governm
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ECON 200 Lecture Notes - Lecture 11: Demand Curve, Inferior Good, Normal Good
Keeping all other forces constant, if the price of a good rises, the quantity demanded will fall; and vice versa. Law of demand; market demand for a go
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ECON 200 Lecture Notes - Lecture 12: Marginal Cost
Lecture outline : applications of supply and demand analysis: the analysis of interrelated markets. How to use the market to mitigate traffic congestio
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ECON 200 Lecture Notes - Lecture 13: Price Ceiling, Price Controls, Economic Equilibrium
Price ceiling : non-price competition when a price ceiling is present. Suppose the market equilibrium for natural gas is shown below: The market truce
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ECON 200 Lecture Notes - Lecture 14: Influence Peddling, Price Ceiling, Price Floor
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ECON 200 Lecture Notes - Lecture 15: Diminishing Returns, Marginal Cost, Marginal Product
The rent in production of bread is therefore, the excess valuation of consumers in use of resources in bread production as opposed to production of som
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ECON 200 Lecture Notes - Lecture 18: Diminishing Returns, Marginal Cost, Marginal Product
Diminishing marginal productivity of labor implies increasing marginal cost: In a t-shirt factory, for example, there are a fixed number of sewing mach
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ECON 200 Lecture Notes - Lecture 19: W. M. Keck Observatory, Marginal Product, Marginal Utility
Behavior of firms under different property rights systems . The behavior of firms under different systems of property rights: in allocating resources,
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ECON 200 Lecture Notes - Lecture 20: Demand Curve, Economic Surplus, Consumer Choice
Resources are limited and thus we must choice. How people use scarce resources to satisfy unlimited needs and wants: opportunity cost: The value of the
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