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Textbook Notes for Economics at Northeastern University (NU)

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NUECON 1116Pritchard RobertFall

ECON 1116 Chapter Notes - Chapter 7: Economic Surplus, Demand Curve, European Cooperation In Science And Technology

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Consumers, producers, and the efficiency of markets- chapter 7. Look at the benefits buyers receive from participating in a market. Each buyers max is
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NUECON 1126Jelena NikolicSpring

ECON 1126 Chapter Notes - Chapter 11-13: Marginal Product, Market Power, Demand Curve

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Atc = total cost / q of output produced mc = change in tcost / change in quantity prod. Marginal prod of labor - add output produced from hiring 1 more
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NUECON 1116Pritchard RobertFall

ECON 1116 Chapter Notes - Chapter 6: Price Ceiling, Price Floor, Price Controls

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Economists have 2 roles: scientists who develop and test theories to explain the world around them, and policy advisers who use theories to help change
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NUECON 1115Peter SimonSpring

ECON 1115 Chapter Notes - Chapter 1-9: Economic Surplus, Demand Curve, Allocative Efficiency

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NUECON 1115Zhang YiSummer

ECON 1115 Chapter Notes - Chapter 12: Division Of Calare, Domain-Specific Language, Casein

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NUECON 1116AllWinter

ECON 1116 Chapter Notes - Chapter 8: Demand Factor, Allocative Efficiency, Market System

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Real gdp per capita=real gdp/population (compare these numbers with 2 years to get a percentage) In some cases growth of gdp can be misleading especial
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NUECON 1116Michael StoneSpring

ECON 1116 Chapter Notes - Chapter 14: Occupational Licensing, Nash Equilibrium, Sequential Game

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NUECON 1115Peter SimonFall

ECON 1115 Chapter Notes - Chapter 17-19: Fokker E.Ii, Securitization, Taylor Rule

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Securitization: the process of slicing up and bundling groups of loans, mortgages, bonds, and other debts into new securities, banks suffered enormous
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NUECON 1116Michael P.StoneSpring

ECON 1116 Chapter Notes - Chapter 2: Absolute Advantage, Comparative Advantage, Opportunity Cost

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Chapter 2: production possibilities frontiers and opportunity costs. Objective: use a production possibilities frontier to analyze opportunity costs an
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NUECON 1116Michael P.StoneSpring

ECON 1116 Chapter Notes - Chapter 1: Marginal Utility, Marginal Cost, Marginalism

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Optimal decisions are made at the margin. 2- the economic problem that society must solve. Describe the role of models in economic analysis. 6- using g
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NUECON 1116Pritchard RobertFall

ECON 1116 Chapter Notes - Chapter 16: Market Power, Economic Surplus, Externality

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In other words, many industries fall somewhere between the polar cases of perfect competition and monopoly. A second type of imperfectly competitive ma
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NUECON 1116Pritchard RobertFall

ECON 1116 Chapter Notes - Chapter 17: Strategic Dominance, Nash Equilibrium, Oligopoly

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