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Study Guides for ECN 104 at Ryerson University


RYERSONECN 104Nazanin BehzadanFall

ECN 104- Final Exam Guide - Comprehensive Notes for the exam ( 24 pages long!)

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Microeconomics: the study of individual decisions and how they interact: questio(cid:374)s (cid:449)e"ll a(cid:374)s(cid:449)e(cid:396) i(cid:374) this
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RYERSONECN 104Nazanin BehzadanFall

ECN 104 Study Guide - Midterm Guide: Externality, Inferior Good, Hypotenuse

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Microeconomics: the study of individual decisions and how they interact: questions we"ll answer in this course include . Ppf would map out all the feas
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RYERSONECN 104T B AFall

ECN 104 Study Guide - Final Guide: Richard Thaler, Communication Problems, Planned Economy

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RYERSONECN 104T B AFall

ECN 104 Lecture Notes - Lecture 10: Monopoly Price, Public Utility, Natural Monopoly

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RYERSONECN 104T B AFall

ECN 104 Lecture Notes - Lecture 9: Marginal Revenue, Profit Maximization, Longrun

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RYERSONECN 104T B AFall

ECN 104 Lecture Notes - Lecture 8: Average Variable Cost, Allocative Efficiency, Diminishing Returns

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RYERSONECN 104T B AFall

ECN 104 Lecture Notes - Lecture 7: Mental Accounting, Budget Constraint, Demand Curve

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RYERSONECN 104T B AFall

ECN 104 Lecture Notes - Lecture 6: Allocative Efficiency, Marginal Cost, Economic Equilibrium

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RYERSONECN 104T B AFall

ECN 104 Lecture Notes - Lecture 5: Independent Goods, Complementary Good

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RYERSONECN 104T B AFall

ECN 104 Lecture Notes - Lecture 4: Demand Curve, Price Elasticity Of Demand

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Ecn 104 - lecture 4 - elasticity part 1. An increase in price causes a decrease in quantity demand and vice- versa. Elasticity gives us a measure of re
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RYERSONECN 104T B AFall

ECN 104 Lecture Notes - Lecture 3: Market Price, Market Power, Complementary Good

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Ecn 104 - lecture 3 - demand, supply, and market equilibrium. An institution or mechanism that brings together buyers and sellers of particular goods a
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RYERSONECN 104T B AFall

ECN104 Lecture 2: The Market System and Circular Flow

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Ecn 104 - lecture 2 - the market system and circular flow. Economic system differ in two important ways. The method used to coordinate economic activit
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RYERSONECN 104T B AFall

ECN 104 Lecture Notes - Lecture 1: Budget Constraint, Full Employment, Marginal Utility

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Ecn 104 - lecture 1 - limits, alternatives and choice. The economy as a whole and the standard of living. Resources can only be used for one purpose at
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RYERSONECN 104German PupatoFall

ECN 104 Study Guide - Comprehensive Final Exam Guide -

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RYERSONECN 104Hakan ToksoySpring

ECN 104- Final Exam Guide - Comprehensive Notes for the exam ( 26 pages long!)

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Facing trade-offs scarcity in relation to wants means you face trade-offs, so you must make choices. Opportunity costs cost of the choice you make is w
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RYERSONECN 104Teresa FungFall

ECN 104- Final Exam Guide - Comprehensive Notes for the exam ( 68 pages long!)

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Final: chapter 1, 2, 3, 6, 7, 8, 9, 10, 11, 12. Incentives decisions opportunity cost: opportunity cost: what potential gain is given up when an altern
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RYERSONECN 104Eric ChiFall

ECN 104- Final Exam Guide - Comprehensive Notes for the exam ( 70 pages long!)

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In the long run firms are able to enter and exit. Entry and exit if the industry is profitable , more firms enter if the industry is taking a loss firm
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RYERSONECN 104Nazanin BehzadanFall

ECN 104- Final Exam Guide - Comprehensive Notes for the exam ( 24 pages long!)

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Microeconomics: the study of individual decisions and how they interact: questio(cid:374)s (cid:449)e"ll a(cid:374)s(cid:449)e(cid:396) i(cid:374) this
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RYERSONECN 104hakantoksoyWinter

ECN 104- Final Exam Guide - Comprehensive Notes for the exam ( 59 pages long!)

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RYERSONECN 104Thomas BarbeiroFall

ECN 104- Final Exam Guide - Comprehensive Notes for the exam ( 44 pages long!)

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1. 1 ten key concepts to retain for a lifetime. The economy as a whole and the standard of living. It may be free to you, but it costs someone else som
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RYERSONECN 104Tsogbral GalabatrFall

ECN 104- Final Exam Guide - Comprehensive Notes for the exam ( 49 pages long!)

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Economics is about how the society manages its limited resources. Firm"s must know what to produce, how to product and how much to produce. Scarcity-is
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RYERSONECN 104Tsogbadral GalaabaatarFall

[ECN 104] - Final Exam Guide - Everything you need to know! (47 pages long)

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Scarcity: the limited nature of society"s resources. Natural resource, land and workers" time are all limited in its availability. Economics: is about
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RYERSONECN 104Emilia BarbuFall

[ECN 104] - Final Exam Guide - Comprehensive Notes fot the exam (55 pages long!)

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2016-09-07 (cid:498)economics(cid:499) is from greek origin, means the management of resources. Finding the best use of resources given the constraints
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RYERSONECN 104Hakan ToksoyWinter

[ECN 104] - Final Exam Guide - Everything you need to know! (82 pages long)

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Market system encourage extensive use and rapid development of complex capital goods: direct methods of production are least efficient; to avoid, must
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RYERSONECN 104John IsbisterFall

[ECN 104] - Final Exam Guide - Comprehensive Notes for the exam (75 pages long!)

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It is a science: there is a lot of math and predictions in the course. It is a social science/ study: it is the most scientific of the social sciences:
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