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Study Guides for ECON 1000 at Carleton University


CARLETONECON 1000Nick RoweFall

ECON 1000 Study Guide - Final Guide: Marginal Cost, Tax Rate, Demand Curve

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Econ 1000: week 1; lecture 1 syllabus and. 3778 / office; loeb b843 / office hours wed 1:00 to 2:00 and fri 10:30 to 12:00. Required textbook: 6th cana
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CARLETONECON 1000Nick RoweFall

ECON 1000 Study Guide - Midterm Guide: Price Ceiling, Price Floor, Demand Curve

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Inflation: an increase in the overall level of prices in the economy: business cycle: fluctuations in economic activity such as unemployment and produc
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CARLETONECON 1000Nick RoweFall

ECON 1000 Chapter Notes - Chapter 15-22: Monopolistic Competition, Nash Equilibrium, Marginal Revenue

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Monopoly: a firm that is the sole seller of a product without close substitutes. Natural monopoly: a monopoly that arises because a single firm can sup
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CARLETONECON 1000Nick RoweFall

ECON 1000 Chapter Notes - Chapter 10-14: Free Rider Problem, Tax Rate, Coase Theorem

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Externality: the uncompensated impact of one person"s actions on the well-being of a bystander. Negative externality: a variable that creates a social
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CARLETONECON 1000Nick RoweFall

ECON 1000 Lecture Notes - Lecture 17: Tax Rate, Marginal Utility, Regressive Tax

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Econ 1000 - week 9 lecture 17. In terms of tax and income as the axis on a graph: If slope is 0 than so is the marginal tax rate. If slope is one, afte
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CARLETONECON 1000Nick RoweFall

ECON 1000 Lecture Notes - Lecture 23: Nash Equilibrium, Vise, Oligopoly

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Prisoners" dilemma: game theory: a way to study human relations. A way of thinking of human interactions by identifying players, their objectives, choi
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CARLETONECON 1000Nick RoweFall

ECON 1000 Lecture 1: Week 1

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Econ 1000: week 1; lecture 1 syllabus and. 3778 / office; loeb b843 / office hours wed 1:00 to 2:00 and fri 10:30 to 12:00. Required textbook: 6th cana
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CARLETONECON 1000Nick RoweFall

ECON 1000 Lecture Notes - Lecture 20: Average Cost, Average Variable Cost, Demand Curve

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Econ 1000 week 11 lecture 20. Shifts in the global market of economies have adverse effects on individual firms. Shifts in the demand curve of the mark
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CARLETONECON 1000Nick RoweFall

ECON 1000 Lecture Notes - Lecture 9: Lead

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CARLETONECON 1000Nick RoweFall

ECON 1000 Lecture Notes - Lecture 16: Negative Income Tax, Proportional Tax, Regressive Tax

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Econ 1000 week 9 lecture 16. Elasticity matters when it comes to taxes and subsidies. Fly paper theory: if you tax something, where it lands will where
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CARLETONECON 1000Nick RoweFall

ECON 1000 Lecture Notes - Lecture 11: Pareto Efficiency, Market Power

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Econ 1000 week 6 lecture 11. Total surplus = consumer surplus + producer surplus. The marginal costs to produce before the equilibrium price will gener
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CARLETONECON 1000Nick RoweFall

ECON 1000 Lecture Notes - Lecture 19: Diminishing Returns, Marginal Cost, Marginal Product

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Econ 1000 week 10 lecture 19. Costs curves are generally a u shape: due to the reason that diminishing returns and diminishing products the marginal co
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CARLETONECON 1000Nick RoweFall

ECON 1000 Lecture Notes - Lecture 6: Demand Curve

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Econ 1000 week 3 lecture 6. Quantity of demand depends on prices of your goods or other goods, income as well as preferences, and many other variables.
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CARLETONECON 1000Nick RoweFall

ECON 1000 Lecture 7: Week 4

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Econ 1000 week 4 lecture 7. In a competitive market there"s lots of buyers. Each buyer is a small part of the market (demand) Lots of small sellers, ea
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CARLETONECON 1000Nick RoweFall

ECON 1000 Lecture Notes - Lecture 3: Market Failure

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CARLETONECON 1000Nick RoweFall

ECON 1000 Lecture 8: Week 4

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Econ 1000 week 4 lecture 8. E= %change in qd / %change in p (elasticity) Midpoint method: use the middle point between two points to calculate the % ch
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CARLETONECON 1000Nick RoweFall

ECON 1000 Lecture Notes - Lecture 15: Private Good, Externality, Price Discrimination

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Econ 1000 week 8 lecture 15. Externalities can also be problems from absences of markets. Higher costs mean less agreement and less coherency. Public g
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CARLETONECON 1000Nick RoweFall

ECON 1000 Lecture Notes - Lecture 4: Autarky

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Econ 1000 week 2 lecture 4. David ricardo"s difficult idea and comparative advantage: free trade generally always benefits everyone. Opportunity costs
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CARLETONECON 1000Nick RoweFall

ECON 1000 Lecture Notes - Lecture 2: Shampoo, Opportunity Cost, Production Function

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Econ 1000 week 1, lecture 2, sept 9th. Graphs can give information about relations between production and quantity. (production function) Some graphs c
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CARLETONECON 1000Nick RoweFall

ECON 1000 Lecture Notes - Lecture 18: Marginal Product, Marginal Cost, Production Function

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Econ 1000 week 10 lecture 18. Supply is all based around the costs of supply. Costs are based on the production of apples. Costs depend on relationship
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CARLETONECON 1000Nick RoweFall

ECON 1000 Lecture Notes - Lecture 13: Economic Surplus

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Econ 1000 week 7 lecture 13. If the world price is higher than domestic prices, generally they would also raise to world price. This price raise does t
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CARLETONECON 1000Nick RoweFall

ECON 1000 Lecture 10: Week 5

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Econ 1000 week 5 lecture 10. Government"s can collect taxes in two ways: sellers can directly pay government for taxes, buyers can also pay for tax in
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CARLETONECON 1000Nick RoweFall

ECON 1000 Lecture Notes - Lecture 12: Laffer Curve

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Econ 1000 week 6 lecture 12. Governments need revenue in order to pay for things it buys (army, doctors, legal systemetc) Deadweight loss is amount of
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CARLETONECON 1000Nick RoweFall

ECON 1000 Lecture Notes - Lecture 21: Marginal Revenue, Price Discrimination, Economic Surplus

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Econ 1000 week 11 lecture 21. Market and firm graphs are the exact same. Slopes is negative and it slopes down. Monopolists set the highest price the m
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CARLETONECON 1000Nick RoweFall

ECON 1000 Lecture Notes - Lecture 5: Absolute Advantage

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Econ 1000 week 3 lecture 5. To help solve problems and understand how individual economic relations operate, economists use graphs, examples and charts
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CARLETONECON 1000Nick RoweFall

ECON 1000 Lecture Notes - Lecture 14: Pareto Efficiency, Equilibrium Point, Social Cost

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Econ 1000 week 8 lecture 14. 2 cases when markets fail: when there is too much market power, like a monopoly. Social cost = private cost + external cos
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CARLETONECON 1000Nick RoweFall

ECON 1000 Lecture Notes - Lecture 22: Monopolistic Competition, Marginal Revenue, Demand Curve

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Econ 1000 week 11 lecture 22. In long run outcomes of markets there are free entry and exits of markets. In monopolies the demand curve for the monopol
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CARLETONECON 1000Nick RoweFall

ECON 1000- Final Exam Guide - Comprehensive Notes for the exam ( 26 pages long!)

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Efficiency: society is getting the most from its scarce resources. Equity: the benefits of resources are distributed fairly among society"s members: ef
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CARLETONECON 1000Patrick CoeFall

[ECON 1000] - Final Exam Guide - Everything you need to know! (52 pages long)

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Look to develop theories - casual observations of how things operate. Collect data - support or refute theory. Scientific method - observation, theory,
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CARLETONECON 1000Collins AyooFall

[ECON 1000] - Final Exam Guide - Ultimate 28 pages long Study Guide!

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Economy - greek for one who manages a household . A household must allocate their scarce resources. Management of society"s resources is important beca
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CARLETONECON 1000AllWinter

Exam-ECON1000-2005April

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U n i v e r s i t y r y exnflilfnhor,r. Course instructor(s: shkuropai m. burns, b. clabb. Students must count the number of pages in this examination
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CARLETONECON 1000AllFall

ECON 1000 Study Guide - Midterm Guide: Absolute Advantage, Comparative Advantage, Street Light

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Explanation: suppose a nation is currently producing at a point inside its production possibilities frontier, the nation is not using all available res
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CARLETONECON 1000AllFall

ECON 1000 Study Guide - Quiz Guide: Proctor, Scantron Corporation, Absolute Advantage

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Department name & course number: econ 1000/1001 a, b, c, d, v. Course instructor(s): n. rowe, g. kowalski, c. belford, t. joseph, Students must count t
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CARLETONECON 1000AllFall

ECON 1000 Study Guide - Midterm Guide: Economic Surplus, Comparative Advantage, Economic Equilibrium

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Amount of other goods that must be given up. Production possibility frontier has 2 goods in 2 axes. To produce a good, economy must give up the other s
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CARLETONECON 1000AllFall

ECON 1000 Midterm: ECON 1000 Midterm 2010 Spring

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*(cid:21)(cid:1)(cid:25)(cid:12)(cid:24)(cid:12)(cid:7)(cid:4)(cid:24)(cid:26)(cid:1)(cid:15)(cid:7)(cid:23)(cid:4)(cid:5)(cid:1)(cid:11)(cid:20)(cid:2
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CARLETONECON 1000AllFall

ECON 1000 Study Guide - Midterm Guide: Progressive Tax, Economic Efficiency, Economic Surplus

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Explanation: both households and societies face many decisions because resources are scarce. Because of scarcity, various economic decisions must be ma
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CARLETONECON 1000AllFall

ECON 1000 Study Guide - Final Guide: Proctor, Demand Curve, Nash Equilibrium

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Department name & course number: econ 1000/1001 a, b, c, d, v, t. Course instructor(s): n. rowe, c. ayoo, p. haddow, e. k. Students must count the numb
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CARLETONECON 1000AllFall

ECON 1000 Study Guide - Midterm Guide: Economic Equilibrium, Marginal Revenue, Marginal Cost

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CARLETONECON 1000AllFall

ECON 1000 Study Guide - Final Guide: Aggregate Supply, Neutrality Of Money, Openmarket

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Multiple choice answer sheet (macro final april 2010) Use upper case letters to answer: _________ a, __________b, __________a, __________d, __________a
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