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RUTGERS01:220:102HohmannFall

01:220:102 Chapter 7: ch 7 pg 1

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5 Oct 2018
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RUTGERS01:220:102goldbandFall

01:220:102 Chapter Notes - Chapter 1: Gross Domestic Product, Lemonade Stand, Marginalism

Brandon Lin2 Page
3 Oct 2018
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RUTGERS01:220:102goldbandFall

01:220:102 Chapter Notes - Chapter 2: Comparative Advantage, Absolute Advantage, Income Distribution

Brandon Lin3 Page
3 Oct 2018
0
Model: simplified representation of reality used to better understand reality. All factors besides one being observed is constant. Models should cover
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RUTGERS01:220:102goldbandFall

01:220:102 Lecture 3: Microeconomics Notes Ch 3

Brandon Lin3 Page
3 Oct 2018
0
Competitive market: market where there are multiple sellers and buyers of the same product. No single individual"s actions have an effect on the price
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RUTGERS01:220:102goldbandFall

01:220:102 Chapter Notes - Chapter 5: Price Ceiling, Price Floor, Economic Surplus

Brandon Lin2 Page
3 Oct 2018
0
Often strong political demand for government intervention. Price control often imposed on efficient markets. Often benefits the most vocal and organize
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RUTGERS01:220:102goldbandFall

01:220:102 Chapter Notes - Chapter 6: Midpoint Method, Demand Curve, Plus And Minus Signs

Brandon Lin2 Page
3 Oct 2018
0
Elasticity: measurement of how an economic variable responds to change in another. Price elasticity of demand; a demand curve is elastic when a change
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RUTGERS01:220:102HohmannFall

01:220:102 Chapter 1: Chapter 1 First Principles pg 1

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8 Oct 2018
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RUTGERS01:220:102HohmannFall

01:220:102 Chapter 1: Chapter 1 First Principles pg 5

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8 Oct 2018
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RUTGERS01:220:102HohmannFall

01:220:102 Chapter 1: Chapter 1 First Principles pg 3

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8 Oct 2018
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RUTGERS01:220:102HohmannFall

01:220:102 Chapter 1: Chapter 1 First Principles pg 4

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8 Oct 2018
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RUTGERS01:220:102HohmannFall

01:220:102 Chapter 1: Chapter 1 First Principles pg 2

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8 Oct 2018
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RUTGERS01:220:102HohmannFall

01:220:102 Chapter 1: Chapter 1 First Principles pg 6

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8 Oct 2018
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