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MCMASTERCOMMERCE 1AA3Emad MohammadFall

COMMERCE 1AA3 Lecture Notes - Lecture 6: Economic Equilibrium, Comparative Statics

OC8553562 Page
21 Mar 2016
8
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MCMASTERCOMMERCE 1AA3Emad MohammadFall

COMMERCE 1AA3 Lecture Notes - Lecture 2: European Cooperation In Science And Technology, Scientific Method

OC8553563 Page
21 Mar 2016
5
3 ways to express economics: english people buy less tea when the price of tea rises, algebra/equations-qnt=1000-2pt. Why is economics a social science
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MCMASTERCOMMERCE 1AA3Emad MohammadFall

COMMERCE 1AA3 Lecture Notes - Lecture 8: Hot Dog, Substitute Good

OC8553562 Page
21 Mar 2016
8
Types of supply: perfectly inelastic supply. Supplier will not change amount that they are supplier regardless of price. Examples: rare art; regardless
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MCMASTERCOMMERCE 1AA3Emad MohammadFall

COMMERCE 1AA3 Lecture Notes - Lecture 3: Tiger Woods, The O.C., Opportunity Cost

OC8553562 Page
21 Mar 2016
7
Microeconomics lecture 3/chapter 3 (gains from trade) When we talk about trade, we talk about ways countries gain from trade. Supposed there are 2 peop
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MCMASTERCOMMERCE 1AA3Emad MohammadFall

COMMERCE 1AA3 Lecture Notes - Lecture 1: Free Market, Market Economy, Externality

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21 Mar 2016
5
Microeconomics lecture 1: the study of how society manages its limited scarce resource. Scarcity: limited amount of resources: resources: anything we u
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MCMASTERCOMMERCE 1AA3Emad MohammadFall

COMMERCE 1AA3 Lecture Notes - Lecture 5: Kraft Dinner, Ceteris Paribus, Normal Good

OC8553562 Page
21 Mar 2016
7
Buyers and sellers have a very small impact on the price. Quantity demanded (qd): the amount of goods and services that consumers are able to buy. Pric
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MCMASTERCOMMERCE 1AA3Emad MohammadFall

COMMERCE 1AA3 Lecture Notes - Lecture 7: Broccoli, Inferior Good, Normal Good

OC8553563 Page
21 Mar 2016
5
Measure of how much buyers and sellers respond to changes in market. Measures how responsive qd or qs is to changes in price, income or prices of relat
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MCMASTERCOMMERCE 1AA3Emad MohammadFall

COMMERCE 1AA3 Lecture Notes - Lecture 14: Matching Principle, Pizza Delivery, Cash Flow

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21 Mar 2016
5
Assets that are actively used in operations to generate future benefits beyond one year. Can be classified into tangible and intangible assets. Resourc
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MCMASTERCOMMERCE 1AA3Emad MohammadFall

COMMERCE 1AA3 Lecture Notes - Lecture 4: Financial Statement, Going Concern, Deferral

OC8553562 Page
21 Mar 2016
6
August 1, 2015, a tenant leases a property for one year. December 31, 2015 the tenant has not paid any rent yet. To record the recognition of rent expe
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MCMASTERCOMMERCE 1AA3Emad MohammadFall

COMMERCE 1AA3 Lecture Notes - Lecture 1: Income Statement, Negative Equity, Net Income

OC8553561 Page
21 Mar 2016
7
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MCMASTERCOMMERCE 1AA3Emad MohammadFall

COMMERCE 1AA3 Lecture Notes - Lecture 9: Net Income, Matching Principle, Balance Sheet

OC8553561 Page
21 Mar 2016
4
Don"t study direct method for chapter 12. Acquired mainly by: selling goods and services (a/r, lending money (notes receivable) Uncollectable receivabl
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MCMASTERCOMMERCE 1AA3Emad MohammadFall

COMMERCE 1AA3 Lecture 10: Accounting Inventory

OC8553562 Page
21 Mar 2016
6
Cogas = costs of goods available for sale. Inventory costing methods: specific id cost, average cost, first-in, first-out. Physical flow the physical a
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MCMASTERCOMMERCE 1AA3Emad MohammadFall

COMMERCE 1AA3 Lecture Notes - Lecture 13: Promissory Note, Market Rate, Capital Structure

OC8553562 Page
21 Mar 2016
9
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