Filter By
Filter Reset
Textbooks
  • All Chapters
  • Chapter all (9)
  • Chapter 1 (2)
  • Chapter 1-2 (1)
  • Chapter 1-8 (1)
  • Chapter 2 (3)
  • Chapter 3 (3)
  • Chapter 3-4 (1)
  • Chapter 4 (2)
  • Chapter 5 (2)
  • Chapter 6 (2)
  • Chapter 7 (1)
  • Chapter 8 (2)
  • Chapter 9 (1)
  • Chapter 10 (2)
  • Chapter 19 (1)
  • Chapter 20 (1)
  • Chapter 21 (1)
Semester
CA (160,672)
UTSG (11,322)
ECO (506)
ECO100Y1 (45)

Textbook Notes for ECO100Y1 at University of Toronto St. George

Introduction to Economics

ECO100Y1 Chapter Notes - Chapter 4: Economic Surplus, Demand Curve, Efficient-Market Hypothesis

Chapter 4 Consumer and Producer Surplus By: Nikidiki Lin What consumer surplus is and its relationship to the demand curve What producer surplus is and its relationship to the supply curve What total surplus is and how it ...

Economics
ECO100Y1
Robert Gazzale
ECO100Y1 Chapter Notes - Chapter 2: Gumdrop, Opportunity Cost, Comparative Advantage

Topic 2 Gains from Trade (Week Two Sep 20 Sep 24 ) th th Sep 20 Comparative Advantage & Specialization 2. PPF Production Possibility Frontier: s a graph that shows the combinations of output tha...

Economics
ECO100Y1
James Pesando
ECO100Y1 Chapter Notes - Chapter 9: Natural Monopoly, Perfect Competition, Demand Curve

Topic 9 Monopoly (Week night Nov 10 - Nov 15 ) th Outline: 1. Definition; 2. MR < P (DD) 3. Profit-Maximizing output & price 4. Contrived Scarcity: when Competitive Industry is monopolized; 5. Price Discrimi...

Economics
ECO100Y1
James Pesando
ECO100Y1 Chapter Notes - Chapter 10: Blackberry Limited, Monopoly Price, Oligopoly

Topic 10 Oligopoly (Week ten Nov 16 - Nov 24 ) th Outline: 1. Oligopoly Key Features 2. Monopoly profits for Oligopolists: Cartel 3. Firm cheats; Carte Breaks down; 4. Prisoners Dilemma Pay-off Matrix 5. Applica...

Economics
ECO100Y1
James Pesando
ECO100Y1 Chapter Notes - Chapter 6: Economic Surplus, Demand Curve, Budget Constraint

Topic 6 Consumer Demand Theory (Week six Oct 13 Oct 18 )h th Outline: 1. Preference: -- Utility Theory -- Indifference Curve (not required) 2. Principle of Diminishing Marginal Utility 3. Consumers s...

Economics
ECO100Y1
James Pesando
ECO100Y1 Chapter Notes - Chapter 7: Diminishing Returns, Marginal Cost, Marginal Product

Topic 7 Production & Cost Schedule (Week seven Oct 25 -Nov 1 ) st Outline: 1. Production Function; 2. Product Schedule (Short Run) -- Definition; -- Law of Diminishing Returns; 3. Cost of Productions (Short Ru...

Economics
ECO100Y1
James Pesando
ECO100Y1 Chapter Notes - Chapter 3: Price Ceiling, Price Floor
Premium

Chapter 3 3.1: Simultaneous Changes in Demand and Supply Draw the changes to find what increases/decreases and what stays the same 3.2: How well do markets work 1. Markets do not always adjust as quickly as we would ...

Economics
ECO100Y1
James Pesando
ECO100Y1 Chapter Notes - Chapter 4: Demand Curve, Economic Equilibrium, Inferior Good
Premium

Chapter 4 Q d 100 4.1: Price Elasticity of Demand ...

Economics
ECO100Y1
James Pesando
ECO100Y1 Chapter Notes - Chapter 2: Ceteris Paribus, Demand Curve
Premium

Chapter 2 2.1: Demand Demand: the quantity that consumers are willing and able to buy per period of time at various prices Indirect relationship (high price, low demand low price, high demand) Price is the most im...

Economics
ECO100Y1
James Pesando
ECO100Y1 Chapter 6: 6 - Costs
Premium

Chapter 6 6.1: Explicit and Implicit Costs Explicit Cost: costs which require money payment Rent Wages Utilities Implicit Cost: do not require money payment. Usually seen as opportunity costs ...

Economics
ECO100Y1
James Pesando
ECO100Y1 Chapter Notes - Chapter 5: Marginal Utility, Economic Surplus, Demand Curve
Premium

Chapter 5 5.1: Law of Diminish Marginal Utility Marginal: additional unit Utility: pleasure derived from a consumption of a product Marginal Utility: additional pleasure derived from consuming another unit of a product ...

Economics
ECO100Y1
James Pesando
ECO100Y1 Chapter Notes - Chapter 1: Productive Efficiency, Opportunity Cost
Premium

Chapter 1 1.2: What is Economics? Economics: the study of the way humans and societies organize themselves to make choices about the use of scarce resources, which are used to produce the goods and services necessary to ...

Economics
ECO100Y1
James Pesando
[] - Final Exam Guide - Comprehensive Notes for the exam (128 pages long!)

Earnings and Discrimination Some Determinants of Equilibrium Wages o Difficult and dangerous jobs tend to have greater equilibrium wages; the difference between wages that is resultant from nonmonetary characteristics in d...

Economics
ECO100Y1
All Professors
[] - Final Exam Guide - Everything you need to know! (124 pages long)

Ten Principles of Economics Societys resources must be managed because resources are scarce. o The limited nature of resources is referred to as scarcity. The study of how society manages its scarce resources is called eco...

Economics
ECO100Y1
All Professors
Textbook Guide Economics: Frictional Unemployment, Current Population Survey (Us), Structural Unemployment

Unemployment Unemployment is divided into two problems: long-run unemployment and short-run unemployment. The natural rate of unemployment is the rate of unemployment that is normally experienced. It is not necessarily ...

Economics
ECO100Y1
All Professors

Log In


OR

Don't have an account?

Join OneClass

Access over 10 million pages of study
documents for 1.3 million courses.

Sign up

Join to view


OR

By registering, I agree to the Terms and Privacy Policies
Already have an account?
Just a few more details

So we can recommend you notes for your school.

Reset Password

Please enter below the email address you registered with and we will send you a link to reset your password.

Add your courses

Get notes from the top students in your class.


Submit