Textbook Notes for Rebekah Owusu

UOTTAWAECO 2110Rebekah OwusuSpring

ECO 2110 Chapter Notes - Chapter 2: Edgeworth Box, Contract Curve, Social Welfare Function

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9 Apr 2018
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Welfare economics branch of economic theory concerned with the social desirability of alternative economic states. Distinguish the circumstances under
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UOTTAWAECO 2110Rebekah OwusuSpring

ECO 2110 Chapter Notes - Chapter 13: Pharmaceutical Industry, Health Care In Canada, Externality

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10 Apr 2018
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UOTTAWAECO 2110Rebekah OwusuSpring

ECO 2110 Chapter Notes - Chapter 3: Marginal Cost, Paternalism, Discounting

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9 Apr 2018
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Present value for a future amount of money - maximum amount you would be willing to pay today for the right to receive that money in the future. To fin
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UOTTAWAECO 2110Rebekah OwusuSpring

ECO2110 Chapter 1: Textbook Notes Ch 1

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9 Apr 2018
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UOTTAWAECO 2110Rebekah OwusuSpring

ECO 2110 Chapter Notes - Chapter 11: Labor Mobility, Adverse Selection, Moral Hazard

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10 Apr 2018
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Unemployed individuals who did not have a job at the time of the survey but were available for work and made an effort to find a job during the previou
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UOTTAWAECO 2110Rebekah OwusuSpring

ECO 2110 Chapter Notes - Chapter 4: Private Good, Demand Curve, Public Good

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9 Apr 2018
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Public good non rival and not excludable. Even though everyone consumes the same quantity of the good, there is no requirement that this consumption is
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UOTTAWAECO 2110Rebekah OwusuSpring

ECO 2110 Chapter Notes - Chapter 17: Law Of Obligations, Tax Rate, General Equilibrium Theory

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10 Apr 2018
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Statutory incidence one who has the burden to collect tax and give to government. Economic incidence who bears the burden of the tax. Tax shifting shif
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UOTTAWAECO 2110Rebekah OwusuSpring

ECO 2110 Chapter Notes - Chapter 6: Paternalism, Marginal Utility, Redistribution Of Income And Wealth

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9 Apr 2018
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Poverty line a fixed level of real income considered enough to provide a minimally adequate standard of living. An increase in any of the us, other thi
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UOTTAWAECO 2110Rebekah OwusuSpring

ECO 2110 Chapter Notes - Chapter 14: Tax Competition, Student Loan

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10 Apr 2018
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Transfer from tax payers to university students. Advantage of local control: tailored local tastes, accountability. Disadvantage of local control: ineq
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UOTTAWAECO 2110Rebekah OwusuSpring

ECO 2110 Chapter Notes - Chapter 9: Exclusionary Zoning, Pareto Efficiency

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10 Apr 2018
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UOTTAWAECO 2110Rebekah OwusuSpring

ECO 2110 Chapter Notes - Chapter 15: Tax Incidence, Tax Rate, Balanced Budget

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10 Apr 2018
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Statutory incidence who is legally responsible for paying the tax. Economic incidence change in the distribution of price real income brought about by
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UOTTAWAECO 2110Rebekah OwusuSpring

ECO 2110 Chapter Notes - Chapter 8: Voting Paradox

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9 Apr 2018
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Public choice models assume that individuals view government as a mechanism for maximizing their well-being. Because people are selfish, public goods a
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