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ECON 50 Chapter Notes - Chapter 9-15: Slut, Isoquant, Boundary Value Problem

Econ 50 Notes: 8: Slutsky Equations: 8.1 Sub effect: When the demand changes for a good after a change in the rate of exchange. Not ju...

Economics
ECON 50
christopher Makler
MS&E 147 Chapter Notes - Chapter 5: Financial Institution, Global Financial System, Money Market Fund
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Chapter 5: Banking Dominoes ● Global Financial Crisis: attributed to excessive mortgage lending and excessive securitization of subprime mortgages ● Why was the loss in MBS have such large effect on glo...

MS&E - Mgmt Science & Engineering
MS&E 147
Anat Admati
ECON 50 Chapter Notes - Chapter 21: Longrun, Substitute Good, Production Function
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Chapter 21: Cost Minimization -Study behavior of profit maximizing firms in competitive, noncompetitive markets -How minimize costs of producing any given level of output -How to choose most profitable level of output ...

Economics
ECON 50
christopher Makler
ECON 50 Chapter Notes - Chapter 19: Consumer Choice, Marginal Product, Capital Good
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Chapter 19: Technology -Firm behavior, constraints imposed on by customers, competitors, and nature -Production theory: technological constraints 19.1 Inputs and Outputs -Inputs to production: factors of production -C...

Economics
ECON 50
christopher Makler
ECON 50 Chapter Notes - Chapter 9: Inferior Good, Indifference Curve, Budget Constraint
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Chapter 9: Buying and Selling Income of consumer given assumed 9.1 Net and Gross Demands Suppose consumer starts with endowment of two goods, omega 1 and omega 2 Amount of 2 goods consumer has before entering market G...

Economics
ECON 50
christopher Makler
ECON 50 Chapter Notes - Chapter 14: Slutsky Equation, Quasilinear Utility, Reservation Price
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Chapter 8 ("Slutsky Equation"), sections 8.8 and 8.9 ("Another Substitution Effect" and "Compensated Demand Curves"). Chapter 14 ("Consumer's Surplus"), sections 14.1-14.8, focusing on sections 14.6-14.8. Chapter 8 8.8...

Economics
ECON 50
christopher Makler
ECON 50 Chapter Notes - Chapter 15: Normal Good, Inferior Good, Luxury Goods
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● 15.5 Elasticity ● 15.6 Elasticity and Demand ● 15.8 Constant Elasticity Demands ● 15.11 Income Elasticity Chapter 15: Market demand 15.5: Elasticity ● Slope of demand curve: change in ...

Economics
ECON 50
christopher Makler
ECON 50 Chapter Notes - Chapter 6: Utility, Complementary Good, Inverse Demand Function
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Chapter 6: Demand Optimal choices of consumer depend on consumer income and prices of goods Consumer’s demand functions give optimal amounts of each of goods as function of prices and income Demand functions: x1=x1(p1, p...

Economics
ECON 50
christopher Makler
ECON 50 Chapter Notes - Chapter 8: Inferior Good, Normal Good, Slutsky Equation
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Chapter 8: Slutsky equation Consider how consumer choice of good responds to price It is possible to construct examples where optimal demand for good decreases when price falls A good that has this property is called Giff...

Economics
ECON 50
christopher Makler
ECON 50 Chapter Notes - Chapter 4: Marginal Utility, Monotonic Function, Cardinal Utility
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Chapter 4: Utility Consumer preferences: consumer behavior theory Utility: way of describing preferences Utility function: assigning number to every possible consumption bundle that more preferred bundles get assigned la...

Economics
ECON 50
christopher Makler
ECON 50 Chapter Notes - Chapter 5: Tx1, Indifference Curve, Convex Preferences
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Chapter 5: Choice -Put together budget set and theory of preferences to examine optimal choice of consumers 5.1 Optimal Choice ● Find bundle in budget set that is on highest indifference curve ○ Starting...

Economics
ECON 50
christopher Makler
ARTHIST 1 Chapter Notes - Chapter 1-10: Aby Warburg, Ernst Gombrich, Middlesex University

rt history is the historical discipline that deals largely, but not exclusively, with material objects. Traditionally, this has meant paintings, sculptures and buildings. Its work is centred on charting the history of the...

ARTHIST - Art History
ARTHIST 1
Henri Neuendorf
MS&E 147 Chapter Notes - Chapter 4: Maturity Transformation, Investment Banking, Great Depression
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Chapter 4: Is it Really A Wonderful Life Introduction ● Repeal of Glass Steagall act in 1999: banks allowed combine deposit taking and investment banking George Bailey’s Balance Sheet ● Liabilities: d...

MS&E - Mgmt Science & Engineering
MS&E 147
Anat Admati
MS&E 147 Chapter Notes - Chapter 2: Sole Proprietorship, Retained Earnings
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BNC Chapter 2: How Borrowing Magnifies Risk Introduction ● Borrowing creates leverage ● Individuals and businesses can afford things much more expensive and they can afford ● Leverage creates opportunitie...

MS&E - Mgmt Science & Engineering
MS&E 147
Anat Admati
MS&E 147 Chapter Notes - Chapter 1: Volcker Rule, Retained Earnings, Global Financial System
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Bankers New Clothes Chapter 1: The Emperors of Banking have no Clothes Introduction ● Even after the public lost a lot of confidence in the financial institutions that were supposed to help them, the banks s...

MS&E - Mgmt Science & Engineering
MS&E 147
Anat Admati

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