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ECON1101 (19)

Study Guides for ECON1101 at University of New South Wales

Microeconomics 1

ECON1101 Study Guide - Final Guide: Imperfect Competition, Private Good, Perfect Competition

ECON1101 Microeconomics Zhi Ying Feng Contents Thinking as an Economist....................................................................................................................2 Comparative Advantage: the Basis ...

Economics
ECON1101
UNSW Economic
ECON1101 Final: ECON Glossary
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ECON Glossary Chapter 1 Competitive Advantage and the Basis for Trade o Production Possibility Curve (PPC) The PPC captures all maximum output possibilities for two (or more) goods, given a set of inputs or resources (ie. ...

Economics
ECON1101
Alberto Motta
ECON1101 Study Guide - Final Guide: Marginal Cost, Comparative Advantage, Opportunity Cost
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ECON Problems Chapter 1 Comparative Advantage and the Basis for Trade Opportunity cost Definition Calculate (eg. Going to a movie: tickets, transport fee, payback for working) PPC Calculate opportuni...

Economics
ECON1101
Alberto Motta
ECON1101 Study Guide - Final Guide: Demand Curve, Inferior Good, Normal Good
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Factors shifting the PPC to the right Increase in infrastructure Increase in population Advancements in knowledge and technology Factors shifting the supply curve Technology Price of inputs Expectation...

Economics
ECON1101
Alberto Motta
ECON1101 Study Guide - Final Guide: Deadweight Loss, Marginal Revenue, Demand Curve
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ECON1101 Revision Lecture Final 50 MC 1~2 minutes for every question 5 choices (multiple choices) Read carefully Everything in the textbook is examinable Revise tutorial questions!!! Not too much revision questions The...

Economics
ECON1101
Alberto Motta
ECON1101 Study Guide - Final Guide: Opportunity Cost, Absolute Advantage, Comparative Advantage

ECON1101 Microeconomics 1 Anuraag Dasari UNSW 1 OPPORTUNITY COST AND COMPARATIVE ADVANTAGE 1.1 YOUR FIRST MODEL A model is a simplified represen...

Economics
ECON1101
All Professors
ECON1101 Final: ECON1101 final exam notes covering all textbook and lecture materials

SEM 1 2018 UNSW ECON1101 MICROECONOMICS 1 ECON1101 MICROECONOMICS 1 PART 1 OPPORTUNITY COST AND COMPARATIVE ADVANTAGE CH 1.COMPARATIVE ADVANTAGE AND THE BASIS FOR TRADE 1.1 One Agent Economy Assumptions: 1. Only 2 possibl...

Economics
ECON1101
All Professors
ECON1101 Study Guide - Quiz Guide: Ceteris Paribus, Marginal Utility, Demand Curve
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PRAC QU for quiz 2 (incl quiz 1) State and Illustrate the law of demand in words. What causes the demand curve to be negatively sloped? The law of demand occurs when the quantity demanded of a good or service in a give...

Economics
ECON1101
All Professors
ECON1101 Study Guide - Quiz Guide: Opportunity Cost, Microeconomics, Equilibrium Point
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PRAC QU for quiz 1 USE A DIAGRAM TO EXPLAIN !! Question 1. What is the production possibilities curve? Explain its shape. Under what circumstances might the PPF be a straight line? The production possibility fronti...

Economics
ECON1101
All Professors
ECON1101 Study Guide - Midterm Guide: Buzzfeed, University Of New South Wales, Perfect Competition
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Now, we want to see how you apply the principles of economics to a current issue! The Week 10 test will include a question about the recent proposal to allow firsttime homebuyers to use their superannuation savings to fund...

Economics
ECON1101
All Professors
ECON1101 Quiz: MICRO Explanations – Essay and short response
Exam
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find more resources at oneclass.com MICRO Explanations Essay and short response find more resources at oneclass.com

Economics
ECON1101
All Professors
ECON1101 Study Guide - Final Guide: Sunk Costs, Demand Curve, Marginal Cost

ECON1101 Kristy Chapter 1 - Opportunity cost o Value of the next best alternative (implicit value + explicit cost) ...

Economics
ECON1101
All Professors
ECON1101 Study Guide - Pork Barrel, Pareto Efficiency, Arms Control

Chapter  1   REVIEW      →Scarcity  is  an  inescapable  fact  of  life.  Economics  is  the  study  of  how   people  make  choices  under  conditions  of  scarcity  and...

Economics
ECON1101
All Professors
ECON1101 Study Guide - Final Guide: Nash Equilibrium, Market Failure, Risk Neutral

Chapter 1 Thinking as an Economist • Choice involves trade-offs and compromise between competing interests (cost and benefits, efficiency, and maximizing economic surplus). . Thinking as an Economist • ...

Economics
ECON1101
All Professors

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