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Study Guides for ECON 219 at McGill University


MCGILLECON 219Sandra SaghirWinter

ECON 219 Lecture Notes - Lecture 10: Diminishing Returns, Tangent, Forego

OC25931588 Page
8 Feb 2019
0
When you hire more & more inputs to produce good. Opportunity cot depends on how many units of that factors you"ve used & how much skill a person has.
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MCGILLECON 219Sandra SaghirWinter

ECON 219 Lecture Notes - Lecture 9: Absolute Advantage, Comparative Advantage, Opportunity Cost

OC25931585 Page
6 Feb 2019
0
Portugal has an absolute advantage in production of both because they produce both wine and cloth with less amount of labor than it would take to produ
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MCGILLECON 219Sandra SaghirWinter

ECON 219 Lecture 8: Notes

OC25931586 Page
1 Feb 2019
0
Low wages are associated with low productivity: compare how productivity of a country was with respect to usa? ( from textbook) The 45 degree line in t
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MCGILLECON 219Sandra SaghirWinter

ECON 219 Lecture Notes - Lecture 7: Absolute Advantage, Opportunity Cost, Gie

OC25931589 Page
30 Jan 2019
0
All the possibilities of goods the economy can produce for a fixed amount of resources. There is a fixed amount of labor. When you specialize in one go
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MCGILLECON 219Sandra SaghirWinter

ECON 219 Lecture 5: Notes

OC25931586 Page
23 Jan 2019
0
Different trade models: 1) ricardian model -whole concept of comparative & absolute advantages: the heckscher-ohlin model. Explained concept of trading
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MCGILLECON 219Sandra SaghirWinter

ECON 219 Lecture Notes - Lecture 6: Perfect Competition, Real Wages, Absolute Advantage

OC25931586 Page
25 Jan 2019
0
Usa is better than europe in food production. As long as they do better in a product they will do better. Europe has a comparative advantage in clothin
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MCGILLECON 219Sandra SaghirWinter

ECON 219 Lecture Notes - Lecture 3: Gross Domestic Product, Free-Trade Area, Carbon Tax

OC25931585 Page
16 Jan 2019
0
Concerns relate to what the country should trade in. Tariffs- tax on imports and exports depending on whether you want to increase or lower imports or
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MCGILLECON 219Sandra SaghirWinter

ECON 219 Lecture 4: Notes

OC25931586 Page
18 Jan 2019
0
Majority european countries lie on the 45 degree line(with respect to their share with usa)- (refers to fig 2. 2 of presentation) Distance, size(exampl
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MCGILLECON 219idkWinter

ECON 219 Study Guide - Midterm Guide: Classical Economics, Second Industrial Revolution, Aggregate Demand

OC79474412 Page
9 Feb 2017
4
Neolithic revolution - transition from hunting and gathering to farming. Leads to change in the optimal skills set. While hunting relies on exploits, f
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MCGILLECON 219idkWinter

ECON 219 Study Guide - Midterm Guide: 1997 Asian Financial Crisis, Dot-Com Bubble, Monetary Policy

OC7947448 Page
9 Feb 2017
1
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MCGILLECON 219idkWinter

ECON 219 Study Guide - Midterm Guide: Tertiary Sector Of The Economy, Secondary Sector Of The Economy, Economic Globalization

OC7947443 Page
9 Feb 2017
1
The expansion of markets has both a horizontal and vertical dimension. Expanding the reach of the market to include new geographic areas. Expanding the
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MCGILLECON 219Tom VelkWinter

ECON 219 Midterm: Midterm.docx

OC3233615 Page
14 Feb 2015
429
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MCGILLECON 219Christopher RaganFall

ECON 219 Study Guide - Midterm Guide: Economic Equilibrium, Public Choice, Imperfect Competition

OC8823718 Page
15 Jan 2013
123
Early economists notices that the interaction of self-interested people creates a spontaneous social order the economy is self-organizing. Self-interes
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MCGILLECON 219Tom VelkWinter

ECON 219 Study Guide - Final Guide: Edgeworth Box

OC35278938 Page
3 Sep 2015
93
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MCGILLECON 219Tom VelkWinter

ECON 219 Study Guide - Final Guide: Money Supply, Shortage, Demand Curve

OC35278939 Page
3 Sep 2015
149
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MCGILLECON 219Tom VelkWinter

ECON 219 Study Guide - Final Guide: Small-C, Production Function, Comparative Advantage

OC35278924 Page
3 Sep 2015
126
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MCGILLECON 219Tom VelkWinter

ECON 219 Study Guide - Final Guide: Grim Trigger, Situation Two, Production Function

OC3527895 Page
3 Sep 2015
76
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MCGILLECON 219Tom VelkWinter

ECON 219 Final: notes slash review.pdf

OC32336127 Page
14 Feb 2015
92
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