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Textbook Notes for Economics at Indiana University - Bloomington (IU)

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IUECON-E 201Self JFall

ECON-E 201 Chapter Notes - Chapter 5: Lottery, Allocative Efficiency, Demand Curve

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Market price: when the people who are willing and able to pay the price of a resource get it. 2 kinds of people don"t pay: those who can afford to pay
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IUECON-E 201Self JFall

ECON-E 201 Chapter Notes - Chapter 4: Inferior Good, Normal Good

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Price elasticity of demand: a units-free measure of the responsiveness of the quantity demanded of a good to a change in its price. Formula: (% change
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IUECON-E 201Self JFall

ECON-E 201 Chapter Notes - Fall 2018 Chapter 3 - Economic equilibrium, Normal good, Inferior good

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IUECON-E 201Self JFall

ECON-E 201 Chapter 2: Econ 201 Ch2 Lecture + Textbook Notes

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IUECON-E 201AllFall

ECON-E 201 Chapter Notes - Chapter 5: Demand Curve, Marginal Cost, Avoidance Speech

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IUECON-E 201James SelfFall

ECON-E 201 Chapter Notes - Chapter 1: Marginal Utility, Marginal Cost, Opportunity Cost

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Examples: picking up a shift instead of going out to get more money for the new iphone, choosing to go out friday nights over studying, going out for d
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IUECON-E 202James SelfSpring

ECON-E 202 Chapter Notes - Chapter 6: Gdp Deflator, National Wealth

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Gross domestic product: the market value of all final goods and services produced within a country in a year, use the average market value, do not incl
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IUECON-E 322AllSummer

E322 Chapter 7 (full notes)

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IUECON-E 201AllFall

ECON-E 201 Chapter Notes - Chapter 11: Variable Cost, Fixed Cost, Marginal Product

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IUECON-E 341AllSpring

E341 Chapter 9 (93% on the test)

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IUECON-E 201AllFall

Chapter 3 Econ (93% on the test)

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IUECON-E 201James SelfFall

ECON-E 201 Chapter Notes - Chapter 2: Marginal Utility, Marginal Cost, Opportunity Cost

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Answer: the concept of scarcity is graphically illustrated by the presence of unattainable: how does the production possibilities frontier illustrate s
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