Exams are coming!
Get ready with premium notes and study guides!

Textbook Notes for Ken Jackson

  • 112 Results
  • About WLU

WLUEC120Ken JacksonFall

EC120- Final Exam Guide - Comprehensive Notes for the exam ( 117 pages long!)

OC537488117 Page
29 Mar 2018
0
Budget constraints: given an amount of money, what are the consumer"s options. For a normal good, a reduction in the price of the good results in . For
View Document
WLUEC120Ken JacksonFall

EC120 Study Guide - Midterm Guide: Price Controls, Saving, Substitute Good

OC53748854 Page
28 Feb 2018
0
View Document
WLUEC120Ken JacksonFall

EC120 Study Guide - Final Guide: Mercosur, Adverse Selection, Environmental Quality

OC53748828 Page
28 Feb 2018
0
Exam guide covers the following topics: factor markets, capital markets, labour markets, inequality, market failure, environmental policy, canadian tax
View Document
WLUEC120Ken JacksonFall

EC120 Study Guide - Midterm Guide: Average Variable Cost, Allocative Efficiency, Externality

OC53748832 Page
28 Feb 2018
0
Budget constraints: given an amount of money, what are the consumer"s options. Indifference curves: how do consumers compare their options. Represents
View Document
View all Premium Notes (4+)
WLUEC120Ken JacksonFall

EC120 Chapter Notes - Chapter 21: Budget Constraint, Indifference Curve, Consumer Choice

OC11439103 Page
18 Oct 2016
19
All of the options are all equally good. Optimization under constraints-consumers will choose the best option available. Always a linear constraint (se
View Document
WLUEC120Ken JacksonFall

EC120 Chapter Notes - Chapter 1: Marginal Cost, Marginal Utility, Opportunity Cost

OC4869464 Page
2 Mar 2016
21
Scarcity (4): the limited nature of society"s resources. Economics (4): study of how society manages its scarce resources. Efficiency (5): property of
View Document
WLUEC120Ken JacksonFall

EC120 Chapter Notes - Chapter 5: Demand Curve

OC11439102 Page
27 Sep 2016
12
Numerical measure of how much one variable responds to a change in another variable. Elasticity of 2 variables, x and y % change in x/% change in y=ela
View Document
WLUEC120Ken JacksonFall

EC120 Chapter Notes - Chapter 9: Economic Surplus, Comparative Advantage, Opportunity Cost

OC11439104 Page
25 Oct 2016
8
View Document
WLUEC120Ken JacksonFall

EC120 Chapter 13: Chpt 13 Notes

OC15520942 Page
16 Feb 2017
0
I(cid:374)dust(cid:396)ial o(cid:396)ga(cid:374)izatio(cid:374): the study of how fi(cid:396)(cid:373) s decisio(cid:374)s (cid:396)ega(cid:396)di(cid:
View Document
WLUEC120Ken JacksonFall

EC120 Chapter Notes - Chapter 8: Deadweight Loss, Market Distortion, Economic Surplus

OC4869463 Page
2 Mar 2016
32
A tax on a good reduces the welfare of buyers and sellers of the good and the reduction in consumer and producer surplus usually exceeds the revenue ra
View Document
WLUEC120Ken JacksonFall

EC120 Chapter Notes - Chapter 1: Invisible Hand, Opportunity Cost, Market Failure

OC11439103 Page
19 Sep 2016
3
The study of how society manages its limited resources. People: how they decide what to buy, and how much to work, spend, save. Firms: how they decide
View Document
WLUEC120Ken JacksonFall

EC 120 Chapter 5: Chapter 5

OC4869462 Page
2 Mar 2016
26
The price elasticity of demand measures how much the quantity demanded responds to changes in the price. Demand tends to be more elastic if close subst
View Document
WLUEC120Ken JacksonFall

EC120 Chapter Notes - Chapter 11: Poverty Reduction, Environmental Quality, Externality

OC11439104 Page
29 Nov 2016
1
Is a good excludable: can a person be prevented from accessing it, environmental quality, national defence, others are less clear, ex. Issues of human
View Document
WLUEC120Ken JacksonFall

EC120 Chapter Notes - Chapter 4: Demand Curve, Economic Equilibrium, Shortage

OC15520945 Page
16 Feb 2017
0
Market: a group of buyers and sellers of a particular good or service. Buyers determine the demand for the product and the sellers determine the supply
View Document
WLUEC120Ken JacksonFall

EC120 Chapter 7: Consumer Surplus + Producer Surplus

OC11745452 Page
6 Oct 2016
17
View Document
WLUEC120Ken JacksonFall

EC120 Chapter Notes - Chapter 19: G1 Phase, Human Capital, Natural Monopoly

OC11439105 Page
6 Dec 2016
4
Factors that drive workers to or against certain jobs. Dangerous jobs: mining, forestry, critical to the valuation of human life. Pro sports: office wo
View Document
Showing 1 — 12 of 112 results

Textbook Notes (280,000)
CA (170,000)
WLU (9,000)
EC (1,000)
EC120 (300)
Ken Jackson (100)