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Textbook Notes for ECON 200 at University of Washington (UW)

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UWECON 200Salehi-EsfahaniFall

ECON 200 Lecture Notes - Lecture 14: Influence Peddling, Price Ceiling, Price Floor

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UWECON 200Salehi-EsfahaniFall

ECON 200 Study Guide - Final Guide: Economic Surplus, Marginal Product, Marginal Cost

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Topics included: marginal value schedules for consumption, allocation of efficient resources, supply and demand analysis, effect of subsidies and taxes
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UWECON 200Salehi-EsfahaniFall

ECON 200 Lecture Notes - Lecture 20: Demand Curve, Economic Surplus, Consumer Choice

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Resources are limited and thus we must choice. How people use scarce resources to satisfy unlimited needs and wants: opportunity cost: The value of the
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UWECON 200Salehi-EsfahaniFall

ECON 200 Lecture Notes - Lecture 19: W. M. Keck Observatory, Marginal Product, Marginal Utility

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Behavior of firms under different property rights systems . The behavior of firms under different systems of property rights: in allocating resources,
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UWECON 200Salehi-EsfahaniFall

ECON 200 Lecture Notes - Lecture 18: Diminishing Returns, Marginal Cost, Marginal Product

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Diminishing marginal productivity of labor implies increasing marginal cost: In a t-shirt factory, for example, there are a fixed number of sewing mach
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UWECON 200Salehi-EsfahaniFall

ECON 200 Lecture Notes - Lecture 15: Diminishing Returns, Marginal Cost, Marginal Product

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The rent in production of bread is therefore, the excess valuation of consumers in use of resources in bread production as opposed to production of som
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UWECON 200Salehi-EsfahaniFall

ECON 200 Lecture Notes - Lecture 13: Price Ceiling, Price Controls, Economic Equilibrium

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Price ceiling : non-price competition when a price ceiling is present. Suppose the market equilibrium for natural gas is shown below: The market truce
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UWECON 200Haideh Salehi-EsfahaniFall

ECON 200 Study Guide - Fall 2018, Comprehensive Term Test Notes - Page 3, Opportunity Cost, Graph Of A Function

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Office hours: m: 12:30-1:30; w: 12-1 and f: 10- 11, and by appointment. Quizzes harder than hw, test application and analysis. **quiz/exam grade depend
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UWECON 200Salehi-EsfahaniFall

ECON 200 Lecture Notes - Lecture 12: Marginal Cost

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Lecture outline : applications of supply and demand analysis: the analysis of interrelated markets. How to use the market to mitigate traffic congestio
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UWECON 200Salehi-EsfahaniFall

ECON 200 Lecture Notes - Lecture 11: Demand Curve, Inferior Good, Normal Good

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Keeping all other forces constant, if the price of a good rises, the quantity demanded will fall; and vice versa. Law of demand; market demand for a go
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UWECON 200Salehi-EsfahaniFall

ECON 200 Lecture Notes - Lecture 9: Tax Deduction, Marginal Cost, Demand Curve

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Lecture outline : the effect of government subsidy on the behavior of suppliers, and, consumers (demanders, examples. Understand the effects of governm
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UWECON 200Salehi-EsfahaniFall

ECON 200 Lecture 8: ECON 200, 10/23/18, Lecture #8, Market Supply & Equilibrium

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When mv is higher than price, one will consume the good/service. When price exceeds, one can become a seller of that same item. Review concept: supply
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UWECON 200Salehi-EsfahaniFall

ECON 200 Lecture Notes - Lecture 1: Automatic Repeat Request, Multiple Choice, European Cooperation In Science And Technology

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Office hours: m: 12:30-1:30; w: 12-1 and f: 10- 11, and by appointment. Quizzes harder than hw, test application and analysis. **quiz/exam grade depend
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UWECON 200Salehi-EsfahaniFall

ECON 200 Lecture Notes - Lecture 6: Coffee Table, High Fructose Corn Syrup, Tariff

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A: students have a higher price sensitivity relating to the concept of price elasticity of demand have a higher price elasticity of demand, where profe
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UWECON 200Salehi-EsfahaniFall

ECON 200 Lecture Notes - Lecture 7: Marginal Cost, Economic Surplus

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Someone who is a consumer of a good(s) can become sellers of that good. The source of mutual benefit is the differences between marginal evaluations of
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UWECON 200Salehi-EsfahaniFall

ECON 200 Lecture Notes - Lecture 5: Demand Curve

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Review questions : what matters to the law of demand is, price of gasoline in years 1983, 2004, 2005, 2013, 2016, and 2018: Must consider the prices of
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UWECON 200Salehi-EsfahaniFall

ECON 200 Lecture Notes - Lecture 4: Consumption Smoothing, Opportunity Cost, Demand Curve

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UWECON 200Salehi-EsfahaniFall

ECON 200 Lecture Notes - Lecture 3: Opportunity Cost, Tax Bracket, Economic Surplus

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Tv = sum of mv up to the quantity we purchase. With the example, using discrete numbers, consumer surplus curve has a flat top: If the rate of consumpt
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UWECON 200Salehi-EsfahaniFall

ECON 200 Lecture Notes - Lecture 2: Economic Surplus, Lemonade, Forego

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1: q: what are the major postulates of consumer behavior, concept of marginal value & examples. The concept of demand & examples the concept of total v
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UWECON 200Salehi-EsfahaniFall

ECON 200 Lecture Notes - Lecture 1: Automatic Repeat Request, Multiple Choice, Sunk Costs

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Office hours: m: 12:30-1:30; w: 12-1 and f: 10- 11, and by appointment. Quizzes harder than hw, test application and analysis. **quiz/exam grade depend
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UWECON 200Dokyung LeeFall

ECON 200 Lecture 1: Sep 27, Doc 1

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UWECON 200AllSpring

ECON 200 Chapter Notes - Chapter 1: Normative Economics, List Of Fables Characters, Brookings Institution

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We must make choices because we live in a world of scarcity, which mean that although our wants are unlimited, the resources available to fulfill those
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UWECON 200Dokyung LeeFall

ECON 200 Chapter 2: Choice in a World of Scarcity

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UWECON 200Dokyung LeeFall

ECON 200 Chapter 1: Welcome to Economics

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UWECON 200Haideh Salehi-EsfahaniFall

ECON 200 Chapter 3: ECON 200 Chapter : Section 3

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UWECON 200Haideh Salehi-EsfahaniFall

ECON 200 Chapter 1.2: ECON 200 Chapter 1.: Untitled document (1)

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UWECON 200Haideh Salehi-EsfahaniFall

ECON 200 Chapter 3.3: ECON 200 Chapter 3.: ECON 200 Chapter : Section 1

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UWECON 200Haideh Salehi-EsfahaniFall

ECON 200 Chapter 3.2: ECON 200 Chapter 3.: ECON 200 Chapter : ECON 200 Chapter : ECON 200 Chapter : ECON 200 Chapter 43.: ECON 200 Chapter 43.4: ECON 200 Chapter 43.: ECON 200 Chapter 4\: Section 2

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UWECON 200Haideh Salehi-EsfahaniFall

ECON 200 Chapter 1: Untitled document

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UWECON 200Haideh Salehi-EsfahaniFall

ECON 200 Chapter 2.7: ECON 200 Chapter 2.: Section 2 (1)

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UWECON 200Haideh Salehi-EsfahaniFall

ECON 200 Chapter 1.3: ECON 200 Chapter 1.: Untitled document (2)

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UWECON 200Haideh Salehi-EsfahaniFall

ECON 200 Chapter 2.2: ECON 200 Chapter 2.: ECON 200 Chapter 2.3: ECON 200 Chapter 2.: Untitled document (5)

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UWECON 200Haideh Salehi-EsfahaniFall

ECON 200 Chapter 2.6: ECON 200 Chapter 2.: Chapter 2

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