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Textbook Notes for Economics at University of California - Santa Barbara (UCSB)


UCSBECON 1Ryan OpreaFall

ECON 1 Chapter 179-186: ECON 1 Chapter 179-18: ECON 1 Chapter 179-1: ECON 1 Chapter 179-: Deadweight Loss

11 tax is imposed consumer under demand curve area original equilibrium point surplus shrinks to the red shaded above the price of in producer surplus
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UCSBECON 1Ryan OpreaFall

ECON 1 Chapter Notes - Chapter 250-259: Marginal Utility, Marginal Cost, Externality

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UCSBECON 1Ryan OpreaFall

ECON 1 Chapter 49-52: : Minimum Wage, Price Floor, Price Ceiling

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UCSBECON 1Ryan OpreaFall

ECON 1 Chapter 70-75: Entry and Exit

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UCSBECON 1Ryan OpreaFall

ECON 1 Chapter 243-250: Externalities 1

Negative externalities an uncompensated cost impose on others external costs that an firm e g traffic congestion pollution individual or. Positive exte
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UCSBECON 1J SonstelieFall

ECON 1 Chapter Notes -Ecotax, Progressive Tax, Jack Hirshleifer

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UCSBECON 2Peter RupertWinter

ECON 2 Chapter Notes - Chapter 26: Fiscal Policy, Demand Curve, Autarky

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UCSBECON 1Ryan OpreaFall

ECON 1 Chapter 295-310: Reading Notes: Comparative Advantage

Trade off producing more of one good or service means producing less of another good or service. Advantage the ability to produce a good using fewer in
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UCSBECON 1Ryan OpreaFall

ECON 1 Chapter P4-13: Supply and Demand Theory

Demand theory 1 competitive equilibrium predicting suppliers and demanders actions regarding price f model of competitive market 1. Total quantity of a
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UCSBECON 2Peter RupertWinter

ECON 2 Chapter Notes - Chapter 27: Economic Bubble, Efficient-Market Hypothesis, Fundamental Analysis

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UCSBECON 2BirchenallSpring

ECON 2 Chapter Notes - Chapter 17: Loanable Funds, Menu Cost, Fallacy

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Rely on theory to explain long-run determinants of the price level and the inflation rate. 17. 1a the level of prices and the value of money. Inflation
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UCSBECON 1Ryan OpreaFall

ECON 1 Chapter 95-97: Invisible Hand Property #1 and Profit Maximization

Adam smithy actor in a market p mc moz intends to do so. P mc c because profit is maximized at p nc. For a market with iv firms a marginal cost equal t
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