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Textbook Notes for Martha Olney

BERKELEYECON 1Martha OlneyFall

ECON 1 Chapter Notes - Chapter 5: Consumer Choice, Budget Constraint, Indifference Curve

OC11730183 Page
3 Jan 2018
0
We buy things because they give us utility. It can be paying your rent, buying a textbook so you can earn a higher grade etc. There is no interpersonal
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BERKELEYECON 1Martha OlneyFall

ECON 1 Chapter Notes - Chapter 5: Production Function, Longrun, Factors Of Production

OC11730187 Page
3 Jan 2018
0
2 types of contexts: short-run and long run. For macroeconomics the short run is a period of a few months to a few years. Growth: refer to changes in r
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BERKELEYECON 1Martha OlneyFall

ECON 1 Chapter 1: Chapter 1 (Micro+Macro)

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3 Jan 2018
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Chapter 1: economics tools - math and graphing. Microeconomics: deals with questions about behavior of individuals people, firms, markets) Macroeconomi
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BERKELEYECON 1Martha OlneyFall

ECON 1 Chapter Notes - Chapter 2: Opportunity Cost, Natural Disaster

OC11730184 Page
3 Jan 2018
0
Chapter 2: production possibilities frontier, economic growth, and. Ppf: model about the allocation of scarce resources. Can be applied to person, coun
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BERKELEYECON 1Martha OlneyFall

ECON 1 Chapter Notes - Chapter 3: Demand Curve, Complementary Good, Economic Equilibrium

OC11730185 Page
3 Jan 2018
0
Product: a good (tangible product), service (intangible) Market: is not a physical place but the collection of the actions of the buyers and sellers of
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