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Textbook Notes for ECON 2310 at University of Guelph (U OF G)

U OF GECON 2310Asha SadanandWinter

ECON 2310 Chapter Notes - Chapter 1: Market Failure, Natural Experiment, Microfoundations

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U OF GECON 2310Asha SadanandWinter

ECON 2310 Chapter Notes - Chapter 2: Price Elasticity Of Demand, Demand Curve, Complement Factor B

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Demand curve: how much buyers want to buy at each possible price (holding all other factors fixed) Substitutes: all else equal, an increase in price of
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U OF GECON 2310Asha SadanandWinter

ECON 2310 Chapter Notes - Chapter 8: Opportunity Cost, Marginal Product, Isoquant

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U OF GECON 2310Asha SadanandWinter

ECON2310 Chapter 6: Intermediate Micro

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U OF GECON 2310Asha SadanandWinter

ECON 2310 Chapter Notes - Chapter 4: Indifference Curve, Corn Flakes

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Preferences: tell us about a consumer"s likes & dislikes. Reasons for preferring alternatives can be personal, emotional intangible etc. The rational c
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U OF GECON 2310Asha SadanandWinter

ECON 2310 Chapter Notes - Chapter 6: Giffen Good, Budget Constraint, Demand Curve

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Good becomes more expensive related to other goods. (consumers tend to shift purchases away from more expensive good to other goods. ) Consumers" purch
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U OF GECON 2310Asha SadanandWinter

ECON2310 Chapter 5: Intermediate MicroEcon - Chapter 5 Notes

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U OF GECON 2310Asha SadanandWinter

ECON 2310 Chapter 7: economics textbook notes chapter 7

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U OF GECON 2310Asha SadanandWinter

ECON 2310 Chapter Notes - Chapter 4: Microeconomics, Ibm Officevision, Blue Arrow

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U OF GECON 2310Asha SadanandWinter

ECON 2310 Chapter Notes - Chapter 5: Indifference Curve, Demand Curve, Engel Curve

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About constraints & trade-offs & how to resolve decisions. Income (m): consists of money received during fixed period of time (ie: hour, day, year) Bud
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U OF GECON 2310Asha SadanandWinter

ECON 2310 Chapter 3-4: intermediate microeconomics

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U OF GECON 2310Asha SadanandWinter

ECON 2310 Chapter Notes - Chapter 8: Marginal Cost, Lahar, Isocost

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