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Textbook Notes for Economics at University of Texas at Austin (UT-AUSTIN)


UT-AUSTINECO 304KThomas WisemanFall

ECO 304K Chapter Notes -Human Capital, Zip Code, Cash Register

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Chapter 11: costs and profit maximization under competition. Imagine that you are the owner of a stripper oil well and that you want to maximize your p
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UT-AUSTINECO 304KThomas WisemanFall

ECO 304K Chapter Notes - Chapter 6: Diminishing Returns, Marginal Utility, Perfect Competition

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UT-AUSTINECO 304KThomas WisemanFall

ECO 304K Chapter Notes -Feeling, Rational Ignorance, Business Cycle

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+ study exam 1 and 2 study guides. Chapter 2: the power of trade and comparative advantage. A production possibilities frontier shows all the combinati
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UT-AUSTINECO 304KThompsonFall

ECO 304K Chapter Notes - Chapter 3: Usho, Automobilclub Von Deutschland, Opportunity Cost

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UT-AUSTINECO 304KThomas WisemanSummer

ECO 304K Chapter Notes -Price Floor, Blue Triangle, Gunless

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Not always self-centered but sometimes; fame, power, reputation, sex, and love are all important incentives. Benevolence too responds; anonymous hall (
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UT-AUSTINECO 304LM O S T A S H A R I, S H A L A HSpring

ECO 304L Chapter Notes - Chapter Unit 3: Ch 9-12, 16: Push Technology, Potential Output

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UT-AUSTINECO 304LM O S T A S H A R I, S H A L A HSpring

ECO 304L Chapter Unit 3: Ch 9-12, 16: Limitations of GDP as a Social Welfare Measure

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Limitations of gdp as a social welfare measure: we will assume that higher levels of gdp and faster growth are better. The most significant concern is
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UT-AUSTINECO 304LM O S T A S H A R I, S H A L A HSpring

ECO 304L Chapter Notes - Chapter 18: United States Dollar, Foreign Direct Investment, Substitute Good

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Net exports (trade balance): the value of a nation"s exports minus the value of its imports. Y > c + i + g. Y < c + i + g. Y = c + i + g. Tastes of cus
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UT-AUSTINECO 304LM O S T A S H A R I, S H A L A HSpring

ECO 304L Chapter Notes - Chapter 16: Money Supply, Money Market, Openmarket

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Double coincidence of wants: the unlikely occurrence that two people each have a good or service that the other wants. Money: the set of assets in an e
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UT-AUSTINECO 304KAllFall

ECO 304K Chapter Notes - Chapter All: Engel Curve, Budget Constraint, Indifference Curve

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Market- buyers and sellers of a good or service. Budget constraint- set of bundles that exhaust income at given prices. Real income- purchasing power o
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UT-AUSTINECO 304LM O S T A S H A R I, S H A L A HSpring

ECO 304L Chapter Notes - Chapter Unit 3: Ch 9-12, 16: Unemployment, Business Cycle

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U(cid:374)e(cid:373)ploy(cid:373)e(cid:374)t rate as a (cid:862)laggi(cid:374)g i(cid:374)di(cid:272)ator(cid:863) of the (cid:271)usi(cid:374)ess (cid
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UT-AUSTINECO 304LM O S T A S H A R I, S H A L A HSpring

ECO 304L Chapter Notes - Chapter Unit 2: Ch 5-8,13: Net Domestic Product, Home Improvement, Investment Goods

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Gdp sales and inventories: gdp measures production, not sales. However, we do measure gdp in money values, so sales are involved in the calculation of
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