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Textbook Notes for ECON 102 at University of British Columbia - Okanagan (UBC OKANAGAN)

UBC OKANAGAN, UBC OKECON 102Karl PinnoSpring

ECON 102 Chapter Notes - Chapter 2: Scientific Method, Medes, Natural Experiment

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Developing models: 2. then testing, economists can move toward models that better explain the past and even partially predict the future. Model: model
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UBC OKANAGAN, UBC OKECON 102Karl PinnoSpring

ECON 102 Chapter Notes - Chapter Appendix: Pie Chart, Treatment And Control Groups, Dependent And Independent Variables

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A well-designed graph summarizes a large amount of information: as the saying goes, a picture is worth a thousand words. Treatment group with student i
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UBC OKANAGAN, UBC OKECON 102Karl PinnoSpring

ECON 102 Chapter Notes - Chapter 3: Marginalism, Marginal Cost

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Ch 3 optimization: doing the best you can. Economists use optimization to predict most of the choices that: people, households, business, govs make. Ma
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UBC OKANAGAN, UBC OKECON 102Karl PinnoSpring

ECON 102 Chapter Notes - Chapter 1: Normative Economics, Trade Union, Human Behaviour

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Ch 1 the principles and practices of economics. Including the argument and disagreements that led to the choice of the price. Economic reasoning so tha
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