OC1173358

University of Guelph

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U OF GEDRD 1400MauriceWinter

EDRD 1400 Chapter Notes - Chapter all: Technological Change, Foreign Direct Investment, Longrun

OC11733589 Page
17 Mar 2017
0
Chapter 4: gdp measuring total production and income. Business cycle describes alternating periods of economic expansion and recession. During expansio
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U OF GEDRD 1400MauriceWinter

EDRD 1400 Chapter Notes - Chapter all: Subledger, Dividend Yield, Consignee

OC117335848 Page
17 Mar 2017
0
Full set of )ntro to account)ng notes (cid:884)(cid:882)(cid:883)(cid:888)-(cid:883)(cid:889) c(apter (cid:883)-(cid:883)(cid:886) C(aper (cid:883) : t
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U OF GEDRD 1400MauriceWinter

EDRD 1400 Chapter Notes - Chapter ch 9: Nominal Rigidity, Aggregate Supply, Aggregate Demand

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17 Mar 2017
0
Chapter 9 aggregate demand and aggregate supply analysis. To understand what happens during the business cycle, we need an explanation of why real. Gdp
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U OF GECON 1050Eveline AdomaitFall

ECON 1050 Study Guide - Midterm Guide: Marginal Cost, Export Subsidy, Economic Surplus

OC117335855 Page
23 Dec 2016
5
Economics" fundamental definition says that we as humans want more than we can get. Demands and needs are limited by the limited resources available. I
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U OF GPSYC 1000Dan MeeganFall

PSYC 1000 Chapter Notes - Chapter ALL: Externality, Import Quota, International Trade

OC117335869 Page
22 Dec 2016
2
Microeconomics: canada in the global environment 9th edition. Definition: centered on scarcity limited resources (e. g. labour, ingenuity, equipment, e
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U OF GPSYC 1000Dan MeeganFall

PSYC 1000 Study Guide - Midterm Guide: Biopsychosocial Model, Axon Terminal, Positron Emission Tomography

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22 Dec 2016
5
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U OF GECON 1050Eveline AdomaitFall

ECON 1050 Lecture Notes - Lecture 10: Opportunity Cost

OC11733585 Page
21 Dec 2016
3
* inefficient, ability to make more with same resources. Analogy: if you were to have a farm with enough land to either build 4 houses or grow enough g
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U OF GPSYC 1000Dan MeeganFall

PSYC 1000 Study Guide - Final Guide: Analytical Psychology, Milgram Experiment, Apperception

OC117335813 Page
21 Dec 2016
2
A set of physiological changes that occur in response to psychological or physical threats. A theory of stress responses involving stages of alarm, res
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U OF GECON 1050Eveline AdomaitFall

ECON 1050 Final: Economics

OC1173358136 Page
21 Dec 2016
5
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U OF GECON 1050Eveline AdomaitFall

ECON 1050 Chapter Notes - Chapter 17: Demand Curve, Natural Monopoly, Asteroid Family

OC11733586 Page
21 Dec 2016
2
A good is excludable if it possible to prevent someone from enjoying its benefits. (e. g. a concert. >>> people must pay to receive the benefit from th
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U OF GECON 1050Eveline AdomaitFall

ECON 1050 Final: Econ1050 Notes (Overall)

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20 Dec 2016
0
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U OF GMGMT 1000Kathleen RodenburgFall

MGMT 1000 Chapter all: textbook notes MGMT

OC117335878 Page
20 Dec 2016
3
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U OF GPSYC 1000Dan MeeganFall

PSYC 1000 Chapter All: PSYC textbook notes

OC1173358160 Page
20 Dec 2016
8
Psychology: is a collection of disciplines composed of many overlapping fields of study, two unifying qualities: Psychology involves the study of behav
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U OF GECON 1050Eveline AdomaitFall

ECON 1050 Chapter Notes - Chapter 6: Avoidance Speech, Deadweight Loss, Price Ceiling

OC11733584 Page
20 Dec 2016
7
Price ceiling: a regulation that makes it illegal to change a price higher than a specified level. Price cap: a regulation that makes it illegal to cha
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U OF GECON 1050Eveline AdomaitFall

ECON 1050 Chapter Notes - Chapter 14: Social Cost, Marginal Cost, Perfect Competition

OC11733582 Page
20 Dec 2016
4
Monopolistic competition: a market structure in which a large number of firms make similar but slightly different products and compete on product quali
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U OF GECON 1050Eveline AdomaitFall

ECON 1050 Chapter Notes - Chapter 4: Demand Curve, Avex Group, Normal Good

OC11733585 Page
20 Dec 2016
7
Price elasticity of demand: a units free measure of the responsiveness of the quantity demanded of a good to a change in its price, when all other infl
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U OF GECON 1050Eveline AdomaitFall

ECON 1050 Chapter Notes - Chapter 2: W. M. Keck Observatory, Marginal Cost, Human Capital

OC11733584 Page
20 Dec 2016
5
Production possibilities frontier (ppf): the boundary between those combinations of goods and services that can be produced and those combinations that
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U OF GECON 1050Eveline AdomaitFall

ECON 1050 Chapter Notes - Chapter 10: Sole Proprietorship, Economic Efficiency, Market Power

OC11733585 Page
20 Dec 2016
7
The opportunity cost of production: bought in the market, owned by the firm. Profit is calculated by taking revenue and subtracting costs, wages, rent,
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U OF GECON 1050Eveline AdomaitFall

ECON 1050 Chapter Notes - Chapter 3: Normal Good, Jet Fuel, Economic Equilibrium

OC11733586 Page
20 Dec 2016
5
Competitive market: a market that has many buyers and many sellers, so no single buyer or seller can influence the price. Producers offer items for sal
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U OF GECON 1050Eveline AdomaitFall

ECON 1050 Chapter Notes - Chapter 12: Fixed Cost, Takers, Social Cost

OC11733583 Page
20 Dec 2016
4
Many firms sell identical products to many buyers. There are no restrictions on entry into the market. Established firms have no advantage over new one
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U OF GECON 1050Eveline AdomaitFall

ECON 1050 Chapter Notes - Chapter 13: Competitive Equilibrium, Marginal Utility, Price Ceiling

OC11733585 Page
20 Dec 2016
3
Monopoly: a market structure in which there is one firm, which produces a good or service that has no close substitutes and in which the firm is protec
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U OF GECON 1050Eveline AdomaitFall

ECON 1050 Chapter Notes - Chapter 1: Espresso, Marginal Utility, China Airlines

OC11733585 Page
20 Dec 2016
9
What we want and what we can have is limited by many different factors. Limited by productive resources available, i. e. gifts of nature. When making a
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U OF GECON 1050Eveline AdomaitFall

ECON 1050 Chapter Notes - Chapter 15: Game Theory, Monopoly Profit, Nash Equilibrium

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20 Dec 2016
2
Oligopoly: a market structure in which a small number of firms compete. Natural or legal barriers prevent the entry of new firms. Duopoly: an oligopoly
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U OF GECON 1050Eveline AdomaitFall

ECON 1050 Chapter Notes - Chapter 11: Marginal Cost, Variable Cost, Diminishing Returns

OC11733584 Page
20 Dec 2016
8
Short run: the time frame in which the quantity of at least one factor of production is fixed and the quantities of the other factors can be varies. Th
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U OF GECON 1050Eveline AdomaitFall

ECON 1050 Chapter Notes - Chapter 5: Avoidance Speech, Market Price, Market Failure

OC11733584 Page
20 Dec 2016
8
Two people decide not to pay the market price. Those who can afford it and choose not to pay. Those who are too poor and cant afford it. Command system
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U OF GECON 1050Eveline AdomaitFall

ECON 1050 Chapter Notes - Chapter 16: Marginal Cost, Social Cost, Marginal Utility

OC11733583 Page
20 Dec 2016
6
Externality: a cost of or a benefit from an action that falls on someone other than the person or firm choosing the action. Negative externality: an ex
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U OF GECON 1050Eveline AdomaitFall

ECON 1050 Lecture Notes - Lecture 7: Outsourcing, Bovine Spongiform Encephalopathy, Trade War

OC11733589 Page
20 Dec 2016
6
Figure 7. 5 (a) shows the situation with free international trade. Canada produces 2 million t- shirts per year and imports 4 million a year at the wor
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U OF GECON 1050Eveline AdomaitFall

ECON 1050 Lecture Notes - Lecture 6: Normal Good

OC11733582 Page
20 Dec 2016
1
The smallest possible increase in price causes an infinity large decrease in quantity demanded. The percentage in the quantity demanded exceeds the per
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