MGEB02H3 Chapter Notes - Chapter 1-6: Giffen Good, Risk Premium, Isoquant

Microeconomics: branch of economics that deals with the behavior of individual economic units consumers, firms, workers, and investors as well as the m

Week 2 chapter notes

Chapter 2 the basics of supply and demand notes. N without government intervention, supply and demand will come into equilibrium to determine both the 

Week 3 chapter notes

N theory of consumer behaviour  a description of how consumers allocate their incomes among the purchases of different goods and services to maximize 

Week 1 chapter notes

N microeconomics  branch of economics that deals with the behaviour of individual economic units consumers, firms, workers, N macroeconomics  branch 

Week 7 chapter notes

N mutual fund  firm that pools funds of individual investors to buy large number of diverse stocks or other financial assets. Summary: consumers and m

Week 4 and 5 chapter notes

The lower the price of the product, the higher the level of utility. N when the income-consumption curve has a positive slope, the quantity demanded in

MGEB02H3 Chapter Notes -Substitute Good, Isoquant, Diminishing Returns

N materials include steel, plastics, electricity, water, and any other goods that the firm buys and transforms into final products. N when capital is f

Week 9 chapter notes

Chapter 7 the cost of production notes accounting cost  actual expenses plus depreciation charges for capital equipment economic cost  cost to a firm

Week 12 chapter notes

Chapter 9 the analysis of competitive markets notes. 9. 1 evaluating gains and losses from government policies consumer & producer surplus. N deadweigh

Chapter 4 Notes (I)

MGEB02H3 Chapter Notes - Chapter 9: Deadweight Loss, Economic Surplus, Price Ceiling

Week 11 chapter notes

Chapter 8 profit maximization and competitive supply notes. N model of perfect competition rests on 3 basic assumptions: (1) price taking, (2) product 

Textbook Notes for MGEB02H3 at University of Toronto Scarborough (UTSC)