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Textbook Notes at Washington University in St. Louis (WUSTL)


WUSTLL11 Econ 1021Bandyopadhyay SudeshnaSpring

L11 Econ 1021 Chapter Notes - Chapter 6: Real Wages, Marginal Product, Demand Curve

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WUSTLL11 Econ 1011Bandyopadhyay SudeshnaFall

L11 Econ 1011 Chapter Notes - Chapter 3: Normal Good, Overnight Delivery, Economic Surplus

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7
Capitalist, or free-market, economies, people decide for themselves which careers to pursue and which products to produce and buy. There are no pure fr
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WUSTLL11 Econ 1011Bandyopadhyay SudeshnaFall

Econ 1011 Chapter 4: Elasticity

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9
P(cid:2915)(cid:2928)(cid:2913)(cid:2915)(cid:2924)(cid:2930)a(cid:2917)(cid:2915) (cid:2913)(cid:2918)a(cid:2924)(cid:2917)(cid:2915) (cid:2919)(cid:2
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WUSTLL11 Econ 1011Bandyopadhyay SudeshnaFall

L11 Econ 1011 Chapter Notes - Chapter 1: Marginal Utility, Thermostat, Marginal Cost

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Economics: studying choice in a world of scarcity. Economics is the study of how people make choices under conditions of scarcity and of the results of
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WUSTLL11 Econ 1021Bandyopadhyay SudeshnaSpring

L11 Econ 1021 Chapter Notes - Chapter 7: Compound Interest, Interest, Diminishing Returns

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20
Real gdp per person: provides a measure of the quantity of goods and services available to the typical resident of a country at a particular time. Smal
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WUSTLL11 Econ 1011Bandyopadhyay SudeshnaFall

L11 Econ 1011 Chapter Notes - Chapter 2: North American Free Trade Agreement, Comparative Advantage, Absolute Advantage

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5
Absolute advantage one person has an absolute advantage over another if he or she takes fewer hours to perform a task than the other person. Comparativ
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WUSTLL11 Econ 1011BandyopadhyayFall

Econ 1011 Chapter 1: Chapter 1: Thinking Like an Economist

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0
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WUSTLL48 Anthro 3283Benson PeterFall

L48 Anthro 3283 Chapter Notes - Chapter 9: Thomas Pogge, Martha Nussbaum, Global Health

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3
Jeremy bentham and stuart mill (19th century philosophers) actions were deemed good if they maximized utility (defined as happiness, pleasure, or well-
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WUSTLL11 Econ 1011Bandyopadhyay SudeshnaFall

L11 Econ 1011 Chapter Notes - Chapter 2: Opportunity Cost, Comparative Advantage, Absolute Advantage

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10
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WUSTLL11 Econ 1021Bandyopadhyay SudeshnaSpring

L11 Econ 1021 Chapter Notes - Chapter 4: Gross Domestic Product, Inventory Investment, Final Good

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22
Market values provide a convenient way to add together, or aggregate the many different goods and services produced in a modern economy. Only final goo
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WUSTLL11 Econ 1021Bandyopadhyay SudeshnaSpring

L11 Econ 1021 Chapter Notes - Chapter 5: Boskin Commission, Price Level, Core Inflation

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16
Real quantities quantities that are measure in dollars and then adjusted for inflation (ex: real gdp is gdp adjusted for inflation) Base-year basket: p
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WUSTLL33 Psych 354Oltmanns TomFall

L33 Psych 354 Chapter Notes - Chapter 18: Parens Patriae, Irresistible Impulse, Insanity Defense

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Legal definition of insanity is not the same as the psychological definition of mental illness. One conflict between mental health and the law concern
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