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Textbook Notes for ECON 1000 at Carleton University


CARLETONECON 1000Nick RoweFall

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

OC53748848 Page
8 May 2017
0
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

OC53748832 Page
8 May 2017
0
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

OC53748811 Page
8 May 2017
0
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

OC53748813 Page
8 May 2017
0
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

OC5374882 Page
8 May 2017
0
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

OC5374882 Page
8 May 2017
0
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 Chapter Notes - Chapter 15-22: Monopolistic Competition, Nash Equilibrium, Marginal Revenue

OC53748811 Page
8 May 2017
0
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
View Document
CARLETONECON 1000Nick RoweFall

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

OC53748813 Page
8 May 2017
0
Externality: the uncompensated impact of one person"s actions on the well-being of a bystander. Negative externality: a variable that creates a social
View Document
CARLETONECON 1000Nick RoweFall

ECON 1000 Chapter Notes - Chapter 1: Omnipotence, High Standard Manufacturing Company, Business Cycle

OC4962615 Page
29 Jul 2015
18
There is no such thing as a free lunch, meaning that in order to get something that we like we may need to give something else up that we like in retur
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CARLETONECON 1000Paul HaddowWinter

ECON 1000 Chapter Notes - Chapter 10: Reserve Requirement, Quantitative Easing, Capital Requirement

OC6470561 Page
15 Apr 2016
20
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CARLETONECON 1000Nick RoweFall

ECON 1000 Chapter Notes - Chapter 1: Marginal Utility, Market Economy, Opportunity Cost

OC5055797 Page
2 Feb 2017
2
Economy: greek word for one who manages a household . Economics: the study of how society manages its scarce resources. 4 principles of individual deci
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CARLETONECON 1000Paul HaddowFall

ECON 1000 Chapter Notes - Chapter 1: Market Economy

OC5129242 Page
20 Nov 2015
24
How people make decisions: people face trade-offs, 2. The cost of something is what you give up to get it: rational people think at the margin, people
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CARLETONECON 1000Paul HaddowFall

ECON 1000 Chapter Notes - Chapter 1: Invisible Hand

OC28512111 Page
6 Oct 2014
34
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CARLETONECON 1000Patrick CoeFall

ECON 1000 Chapter Notes - Chapter 1: Business Cycle, Market Power, Market Failure

OC11648171 Page
18 Sep 2016
25
Scarcity the limited nature of society"s resources. Economics the study of how society manages its scarce resources. Economy a group of people interact
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CARLETONECON 1000Paul HaddowWinter

ECON 1000 Chapter Notes - Chapter 16: Aggregate Demand, Money Supply, Monetary Policy

OC6470562 Page
18 Apr 2016
37
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CARLETONECON 1000Nick RoweFall

ECON 1000 Chapter Notes - Chapter 2: Microeconomics

OC4962613 Page
29 Jul 2015
10
The scientific method: observation, theory, and more observation. Isaac newton allegedly became intrigued one day when he saw an apple fall from an app
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CARLETONECON 1000Paul HaddowWinter

ECON 1000 Chapter Notes - Chapter 13: Loanable Funds, Capital Flight, Import Quota

OC6470561 Page
17 Apr 2016
17
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CARLETONECON 1000Nick RoweFall

ECON 1000 Chapter Notes - Chapter 14: Average Variable Cost, Sunk Costs, Marginal Revenue

OC4962613 Page
29 Jul 2015
13
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