Textbook Notes for Gordon Cleveland

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UTSCMGEA02H3Gordon ClevelandFall

MGEA02H3 Lecture Notes - Lecture 13: Invisible Hand, Demand Curve, Economic Equilibrium

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UTSCMGEA02H3Gordon ClevelandFall

MGEA02H3 Lecture Notes - Lecture 11: Opportunity Cost

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UTSCMGEA02H3Gordon ClevelandFall

MGEA02H3 Lecture Notes - Lecture 8: Demand Curve, Economic Surplus, Deadweight Loss

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UTSCMGEA02H3Gordon ClevelandFall

MGEA02H3 Lecture Notes - Lecture 10: Production Function, Fixed Cost, Variable Cost

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UTSCMGEA02H3Gordon ClevelandFall

MGEA02H3 Lecture Notes - Lecture 9: Diminishing Returns, Marginal Product

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Mgea02 lecture 9 production productivity and costs. Decisions by firms about how much to supply at a particular selling price are strongly related to t
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UTSCMGEA02H3Gordon ClevelandFall

MGEA02H3 Lecture 3: Demand and Supply

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Mgea02 lecture 3 demand and supply in a competitive market. Demand curve tells us what would happen if the prices were at any value. Supply curve tells
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UTSCMGEA02H3Gordon ClevelandFall

MGEA02H3 Lecture Notes - Lecture 7: Demand Curve, Excise

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Mgea02 lecture 7 elasticity tax incidence and tax burden. Key characteristic of demand and supply is elasticity. Elasticity of demand: ed =|(dq/dp) x (
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UTSCMGEA02H3Gordon ClevelandFall

MGEA02H3 Lecture Notes - Lecture 2: Opportunity Cost

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Mgea02 lecture 2 production possibilities frontier (ppf) Economic resources are scarce the ppf shows the limit to what can be produced. Ppf is a set of
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UTSCMGEA02H3Gordon ClevelandFall

MGEA02H3 Lecture Notes - Lecture 5: Economic Surplus

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Mgea02 lecture 5 demand and utility. Demand curves are negatively sloped because people buy less when the price is high and less when the price is low.
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UTSCMGEA02H3Gordon ClevelandFall

MGEA02H3 Lecture Notes - Lecture 6: Economic Surplus

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UTSCMGEA02H3Gordon ClevelandFall

chapter 1-4 formulas 2

OC4461 Page
26 Oct 2010
87
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UTSCMGEA02H3Gordon ClevelandFall

Week 1 study guide

OC26024 Page
1 Dec 2010
71
N market prices and quantities prices and quantities are determined in free markets in which would-be sellers compete to sell. N a production possibili
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UTSCMGEA02H3Gordon ClevelandFall

chapter 1-4 formulas

OC4461 Page
26 Oct 2010
48
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UTSCMGEA02H3Gordon ClevelandFall

Week 10 study guide

OC26022 Page
1 Dec 2010
37
Chapter 11 imperfect competition and strategic behaviour notes. N theory of oligopoly is about industries in which there are small number of large firm
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UTSCMGEA02H3Gordon ClevelandFall

Week 12 study guide

OC26024 Page
1 Dec 2010
32
Chapter 33 the gains from international trade notes open economy  an economy that engages in international trade closed economy  an economy that has
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UTSCMGEA02H3Gordon ClevelandFall

MGEA02H3 Chapter Notes - Chapter 5-10: Demand Shock, Hula Hoop, Fixed Cost

OC34807234 Page
24 Feb 2015
37
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UTSCMGEA02H3Gordon ClevelandFall

MGEA02H3 Chapter Notes - Chapter 2-4: Price Elasticity Of Demand, Perfect Competition, Efficient-Market Hypothesis

OC34807229 Page
24 Feb 2015
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UTSCMGEA02H3Gordon ClevelandFall

Chapter 4

OC39977 Page
5 Jan 2011
33
The laws of demand and supply predict the direction of changes in equilibrium price and quantity in response to various shifts in demand and supply. 4.
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UTSCMGEA02H3Gordon ClevelandFall

MGEA02H3 Chapter Notes - Chapter 8: Marginal Product

OC39974 Page
5 Jan 2011
27
8. 1 t he long run: no f ixed factors. Technical efficiency is when a given number of inputs are combined to maximize the level of output.  cost minim
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UTSCMGEA02H3Gordon ClevelandFall

Week 11 study guide

OC26024 Page
1 Dec 2010
33
Chapter 16 market failures and government intervention notes. N the operative choice is not between an unhampered free-market economy and a fully centr
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UTSCMGEA02H3Gordon ClevelandFall

Week 8 study guide

OC26022 Page
1 Dec 2010
27
Chapter 10 monopoly, cartels, and price discrimination notes. N monopoly  a market containing a single firm. N monopolist  a firm that is the only se
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UTSCMGEA02H3Gordon ClevelandFall

Week 9 study guide

OC26022 Page
1 Dec 2010
28
Chapter 12 economic efficiency and public policy notes. N monopoly is not allocatively efficient because the monopolist"s price always exceeds its marg
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