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Textbook Notes for Economics at Fordham University


FORDHAMECON 1100Peiteng ZhaiFall

ECON 1100 Chapter Notes - Chapter 10: Final Good, Intermediate Good, Seasonal Adjustment

OC13991025 Page
4
Microeconomics: the study of how households and firms make decisions and how they interact in markets. Goal: to explain the economic changes that affec
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FORDHAMECON 1200Shannon PullaroSpring

ECON 1200 Chapter Notes - Chapter 14: Marginal Cost, Average Variable Cost, Sunk Costs

OC5424653 Page
28
The meaning of compeiion: compeiive market: market w/ many buyers & sellers trading idenical products so that each buyer & seller is a price taker, fir
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FORDHAMECON 2140JooKyung YooFall

ECON 2140 Chapter Notes - Chapter 1-3: Central Tendency, Quartile, Bes

OC25471198 Page
0
, analysis and reporting of numerical findings devant to business decisions: descriptive us inferential sample. Population sample summarize statistic s
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FORDHAMECON 1200Shannon PullaroSpring

ECON 1200 Chapter Notes - Chapter 3: Absolute Advantage, Comparative Advantage, Opportunity Cost

OC5424651 Page
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Production possibilities: ppf shows the various mixes of output that an economy can produce & illustrates that people face trade-offs. Specialization &
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FORDHAMECON 2140Alan AndersonSpring

ECON 2140 Chapter 6: Chapter 6

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FORDHAMECON 1100ALLFall

ECON 1100 Chapter Notes - Chapter 2 part 1 : Minimax, Ceteris Paribus, Human Capital

Alia B.5 Page
0
De(cid:257)i(cid:296)itio(cid:296) o(cid:257) models: a si(cid:295)pli(cid:257)ied (cid:336)ep(cid:336)ese(cid:296)tatio(cid:296) o(cid:257) a (cid:336
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FORDHAMECON 1100ALLFall

ECON 1100 Chapter Notes - Chapter Chapter 1 : Market Failure, Engagers, Jiffy Lube

Alia B.6 Page
0
The social science that studies the production, distribution and consumption of goods and services. Microeconomics: is the branch that studies how peop
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FORDHAMECON 1200Shannon PullaroSpring

ECON 1200 Chapter Notes - Chapter 1: Longrun, Externality, Opportunity Cost

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Management of society"s resources is important b/c resources are scarce: scarcity means that society has limited resources & can"t produce all the good
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FORDHAMECON 1200Shannon PullaroSpring

ECON 1200 Chapter Notes - Chapter 11: Club Good

OC5424652 Page
10
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FORDHAMECON 1200Mathew BradburryFall

ECON 1200 Chapter Notes - Chapter 6: Price Ceiling, Economic Equilibrium, Price Controls

Alia B.7 Page
0
A legal maximum set amount at which a supplier can sell a good. (good for buyers not great for sellers) When the ceiling price is set below market equi
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FORDHAMECON 1200Shannon PullaroSpring

ECON 1200 Chapter Notes - Chapter 15: Monopoly Profit, Deadweight Loss, Demand Curve

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7
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FORDHAMECON 1100ALLFall

ECON 1100 Chapter Chapter 3 -Part 3: Supply demand equilibrium

Alia B.3 Page
0
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