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BU - EC 101 - Class Notes - Week 16

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3 Pages
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School: Boston University
Department: Economics
Course: Principles of Economics: Microeconomics
Professor: Edson
Term: Fall 2016
Tags: profit, profitmaximization, shutdown rule, and exitrule
Name: EC101 Firms in Competitive Markets
Description: Profit Profit Maximization Shut down vs exit
Uploaded: 12/13/2017
EC 101 - Class Notes - Week 5
8 pages

Principles of Microeconomics week 5, lecture on Chapter 6

Fall 2016

Edson

EC 101

These notes are the in-class notes from the week of October 3 and also include notes from Chapter 6 in the book.

EC 101 - Class Notes - Week 5
8 pages

EC 101 AA Principles of Microeconomics Chapter 6

Fall 2016

Edson

EC 101

These notes are from the Lecture as well as the assigned reading from the textbook

EC 101 - Class Notes - Week 4
6 pages

Principles of Microeconomics week 5, lecture on chapter 5

Fall 2016

Edson

EC 101

These notes include the content covered in class as well as some brief notes on the assigned reading

EC 101 - Class Notes - Week 3
8 pages

Principles of Microeconomics week 3, lecture on chapter 4

Fall 2016

Edson

EC 101

These notes cover the material in the class and in the assigned reading

EC 101 - Class Notes - Week 2
4 pages

Principles of Microeconomics week 2, lecture on chapter 3

Fall 2016

Edson

EC 101

These notes cover the material in class and the assigned reading

EC 101 - Class Notes - Week 1
8 pages

Intro to Microeconomics week 1, lecture 1 and 2

Fall 2016

Edson

EC 101

These include materials covered in class as well as in the assigned reading

EC 101 - Class Notes - Week 6
6 pages

Principles of microeconomics week 6, lecture 7

Fall 2016

Edson

EC 101

These notes cover the lecture on chapter 7 in class as well as main ideas from the textbook

EC 101 - Class Notes - Week 6
6 pages

Principle of Microeconomics week 6, lecture 8

Fall 2016

Edson

EC 101

These notes cover the slides in class as well as brief notes on the assigned reading

EC 101 - Study Guide
10 pages

Study Guide for the Midterm on October 24

Fall 2016

Edson

EC 101

This study guide includes materials from chapters 1 through 6, including some diagrams and examples.

EC 101 - Class Notes - Week 7
5 pages

Principles of Microeconomics, Week 7

Fall 2016

Edson

EC 101

These notes cover the slides in class as well as the material from the assigned reading

EC 101 - Class Notes - Week 7
8 pages

Principle of Microeconomics week 7, lecture 10

Fall 2016

Edson

EC 101

These notes over what's in class as well as chapter 10 from the textbook

EC 101 - Class Notes - Week 8
3 pages

Principle of Microeconomics Week 8, chapter 11

Fall 2016

Edson

EC 101

These notes include what we covered in class as well as the assigned reading from chapter 11

EC 101 - Study Guide
9 pages

Midterm 11/21 Review Guide

Fall 2016

Edson

EC 101

This review guide condenses the notes from chapters 7 to 11. Graphs and examples are also in the guide.

EC 101 - Class Notes - Week 10
5 pages

Principle of Microeconomics Chapter 15

Fall 2016

Edson

EC 101

These notes cover the lecture in class as well as the assigned reading

EC 101 - Class Notes - Week 14
4 pages

Principles of Microeconomics, Chapter 17

Fall 2016

Edson

EC 101

These notes cover what we got to on the slides and i also made sure to take notes in the book up until what the teacher covered in class

EC 101 - Study Guide
7 pages

Microeconomics Final Study Guide

Fall 2016

Edson

EC 101

Hey everyone! These notes are the condensed material from the last midterm until now. I know the final is cumulative, but though the separation of materials would be helpful to you all, as each study guide goes in-depth with examples, concepts, etc. Good Luck!!

EC 101 - Class Notes - Week 1
2 pages

ECON101 Chapter 1 and Appendix 2 Graphing Notes

Fall 2016

Edson

EC 101

Notes on the basics of graphing in microeconomics

EC 101 - Class Notes - Week 2
2 pages

Productions Possibilites Frontier, Opportunity Cost, and the Basics of Trade

Fall 2016

Edson

EC 101

These notes are from Lecture #2 of EC101. They cover the PPF, opportunity cost, and the basics of trade.

EC 101 - Class Notes - Week 4
4 pages

EC 101 Lecture 4+5: The Market & Supply and Demand

Fall 2016

Edson

EC 101

Notes explaining the market, supply, demand, and the forces of supply and demand in the market.

EC 101 - Class Notes - Week 7
2 pages

EC101 Cross Price Elasticity / Elasticity of Supply

Fall 2016

Edson

EC 101

These notes cover Cross Price Elasticity of Demand and Elasticity of Supply.

EC 101 - Study Guide - Midterm
9 pages

EC101 Midterm 1 Study Guide: Chapters 1-6

Fall 2016

Edson

EC 101

Topics Included: 10 Principles of Economics Thinking Like an Economist Trade Supply and Demand Elasticity Taxes Price Floors Price Ceilings

EC 101 - Class Notes - Week 8
3 pages

EC101: Supply, Demand, and Government Policies

Fall 2016

Edson

EC 101

Price Floors, Price Ceilings, Taxes

EC 101 - Class Notes - Week 10
2 pages

EC101 Welfare Economics

Fall 2016

Edson

EC 101

Welfare Economics: Covering the topics of consumer, producer, and total surplus

EC 101 - Class Notes - Week 8
2 pages

EC101 Deadweight Loss of Taxation

Fall 2016

Edson

EC 101

Debate on Taxation Deadweight Loss

EC 101 - Class Notes - Week 10
2 pages

EC 101: International Trade

Fall 2016

Edson

EC 101

Tariffs, Trade Agreements, Winners and Losers from Trade, Trade Price Determinants

EC 101 - Class Notes - Week 13
3 pages

EC101 Lecture 13: Externalities

Fall 2016

Edson

EC 101

Positive and negative externalities. Public and private solutions.

EC 101 - Study Guide - Midterm
8 pages

EC101 Midterm 2 Study Guide (Chapters 7-11)

Fall 2016

Edson

EC 101

Welfare Taxation International Trade Externalities Public Goods and Common Resources

EC 101 - Class Notes - Week 15
2 pages

EC101: The Costs of Production

Fall 2016

Edson

EC 101

Profits Implicit and Explicit Costs Accounting Profits vs Economic Profits Fixed Costs and Variable Costs Economies of Scale

EC 101 - Class Notes - Week 14
2 pages

EC101: Public Goods and Common Resources

Fall 2016

Edson

EC 101

Public Goods and Common Resources Excludability Rivalry in Consumption Private Goods Free Riders Cost Benefit Analysis

EC 101 - Study Guide - Final
30 pages

EC 101 Final Exam

Fall 2016

Edson

EC 101

Principles of Economics Market Supply and Demand PPF + Basics of Trade Elasticity Cross Price Elasticity Government Policies Welfare Economics Deadweight Losses of Taxation International Trade Public Goods/Common Resources Monopolies Oligopolies Perfect Competition Costs of Production

EC 101 - Class Notes - Week 15
2 pages

EC101 The Costs of Production

Fall 2016

Edson

EC 101

Production Costs Types of Costs Measures of Cost Scale Economies

EC 101 - Class Notes - Week 17
4 pages

EC101 Monopolies

Fall 2016

Edson

EC 101

Monopolies Profit Maximization Price Discrimination Welfare Costs of Monopolies

EC 101 - Class Notes - Week 18
4 pages

EC101 Oligopolies

Fall 2016

Edson

EC 101

Price Maximization Game Theory Prisoners' Dilemma Public Policy for Oligopolies

EC 101 - Class Notes - Week 18
3 pages

EC 101 Monopolistic Competition

Fall 2016

Edson

EC 101

Brand Names Advertising Short run vs long run equilibriums Welfare of society


EC 101 - Class Notes - Week 5
8 pages

Principles of Microeconomics week 5, lecture on Chapter 6

Fall 2016

Edson

EC 101

These notes are the in-class notes from the week of October 3 and also include notes from Chapter 6 in the book.

EC 101 - Class Notes - Week 5
8 pages

EC 101 AA Principles of Microeconomics Chapter 6

Fall 2016

Edson

EC 101

These notes are from the Lecture as well as the assigned reading from the textbook

EC 101 - Class Notes - Week 4
6 pages

Principles of Microeconomics week 5, lecture on chapter 5

Fall 2016

Edson

EC 101

These notes include the content covered in class as well as some brief notes on the assigned reading

EC 101 - Class Notes - Week 3
8 pages

Principles of Microeconomics week 3, lecture on chapter 4

Fall 2016

Edson

EC 101

These notes cover the material in the class and in the assigned reading

EC 101 - Class Notes - Week 2
4 pages

Principles of Microeconomics week 2, lecture on chapter 3

Fall 2016

Edson

EC 101

These notes cover the material in class and the assigned reading

EC 101 - Class Notes - Week 1
8 pages

Intro to Microeconomics week 1, lecture 1 and 2

Fall 2016

Edson

EC 101

These include materials covered in class as well as in the assigned reading

EC 101 - Class Notes - Week 6
6 pages

Principles of microeconomics week 6, lecture 7

Fall 2016

Edson

EC 101

These notes cover the lecture on chapter 7 in class as well as main ideas from the textbook

EC 101 - Class Notes - Week 6
6 pages

Principle of Microeconomics week 6, lecture 8

Fall 2016

Edson

EC 101

These notes cover the slides in class as well as brief notes on the assigned reading

EC 101 - Study Guide
10 pages

Study Guide for the Midterm on October 24

Fall 2016

Edson

EC 101

This study guide includes materials from chapters 1 through 6, including some diagrams and examples.

EC 101 - Class Notes - Week 7
5 pages

Principles of Microeconomics, Week 7

Fall 2016

Edson

EC 101

These notes cover the slides in class as well as the material from the assigned reading

EC 101 - Class Notes - Week 7
8 pages

Principle of Microeconomics week 7, lecture 10

Fall 2016

Edson

EC 101

These notes over what's in class as well as chapter 10 from the textbook

EC 101 - Class Notes - Week 8
3 pages

Principle of Microeconomics Week 8, chapter 11

Fall 2016

Edson

EC 101

These notes include what we covered in class as well as the assigned reading from chapter 11

EC 101 - Study Guide
9 pages

Midterm 11/21 Review Guide

Fall 2016

Edson

EC 101

This review guide condenses the notes from chapters 7 to 11. Graphs and examples are also in the guide.

EC 101 - Class Notes - Week 10
5 pages

Principle of Microeconomics Chapter 15

Fall 2016

Edson

EC 101

These notes cover the lecture in class as well as the assigned reading

EC 101 - Class Notes - Week 14
4 pages

Principles of Microeconomics, Chapter 17

Fall 2016

Edson

EC 101

These notes cover what we got to on the slides and i also made sure to take notes in the book up until what the teacher covered in class

EC 101 - Study Guide
7 pages

Microeconomics Final Study Guide

Fall 2016

Edson

EC 101

Hey everyone! These notes are the condensed material from the last midterm until now. I know the final is cumulative, but though the separation of materials would be helpful to you all, as each study guide goes in-depth with examples, concepts, etc. Good Luck!!

EC 101 - Class Notes - Week 1
2 pages

ECON101 Chapter 1 and Appendix 2 Graphing Notes

Fall 2016

Edson

EC 101

Notes on the basics of graphing in microeconomics

EC 101 - Class Notes - Week 2
2 pages

Productions Possibilites Frontier, Opportunity Cost, and the Basics of Trade

Fall 2016

Edson

EC 101

These notes are from Lecture #2 of EC101. They cover the PPF, opportunity cost, and the basics of trade.

EC 101 - Class Notes - Week 4
4 pages

EC 101 Lecture 4+5: The Market & Supply and Demand

Fall 2016

Edson

EC 101

Notes explaining the market, supply, demand, and the forces of supply and demand in the market.

EC 101 - Class Notes - Week 7
2 pages

EC101 Cross Price Elasticity / Elasticity of Supply

Fall 2016

Edson

EC 101

These notes cover Cross Price Elasticity of Demand and Elasticity of Supply.

EC 101 - Study Guide - Midterm
9 pages

EC101 Midterm 1 Study Guide: Chapters 1-6

Fall 2016

Edson

EC 101

Topics Included: 10 Principles of Economics Thinking Like an Economist Trade Supply and Demand Elasticity Taxes Price Floors Price Ceilings

EC 101 - Class Notes - Week 8
3 pages

EC101: Supply, Demand, and Government Policies

Fall 2016

Edson

EC 101

Price Floors, Price Ceilings, Taxes

EC 101 - Class Notes - Week 10
2 pages

EC101 Welfare Economics

Fall 2016

Edson

EC 101

Welfare Economics: Covering the topics of consumer, producer, and total surplus

EC 101 - Class Notes - Week 8
2 pages

EC101 Deadweight Loss of Taxation

Fall 2016

Edson

EC 101

Debate on Taxation Deadweight Loss

EC 101 - Class Notes - Week 10
2 pages

EC 101: International Trade

Fall 2016

Edson

EC 101

Tariffs, Trade Agreements, Winners and Losers from Trade, Trade Price Determinants

EC 101 - Class Notes - Week 13
3 pages

EC101 Lecture 13: Externalities

Fall 2016

Edson

EC 101

Positive and negative externalities. Public and private solutions.

EC 101 - Study Guide - Midterm
8 pages

EC101 Midterm 2 Study Guide (Chapters 7-11)

Fall 2016

Edson

EC 101

Welfare Taxation International Trade Externalities Public Goods and Common Resources

EC 101 - Class Notes - Week 15
2 pages

EC101: The Costs of Production

Fall 2016

Edson

EC 101

Profits Implicit and Explicit Costs Accounting Profits vs Economic Profits Fixed Costs and Variable Costs Economies of Scale

EC 101 - Class Notes - Week 14
2 pages

EC101: Public Goods and Common Resources

Fall 2016

Edson

EC 101

Public Goods and Common Resources Excludability Rivalry in Consumption Private Goods Free Riders Cost Benefit Analysis

EC 101 - Study Guide - Final
30 pages

EC 101 Final Exam

Fall 2016

Edson

EC 101

Principles of Economics Market Supply and Demand PPF + Basics of Trade Elasticity Cross Price Elasticity Government Policies Welfare Economics Deadweight Losses of Taxation International Trade Public Goods/Common Resources Monopolies Oligopolies Perfect Competition Costs of Production

EC 101 - Class Notes - Week 15
2 pages

EC101 The Costs of Production

Fall 2016

Edson

EC 101

Production Costs Types of Costs Measures of Cost Scale Economies

EC 101 - Class Notes - Week 17
4 pages

EC101 Monopolies

Fall 2016

Edson

EC 101

Monopolies Profit Maximization Price Discrimination Welfare Costs of Monopolies

EC 101 - Class Notes - Week 18
4 pages

EC101 Oligopolies

Fall 2016

Edson

EC 101

Price Maximization Game Theory Prisoners' Dilemma Public Policy for Oligopolies

EC 101 - Class Notes - Week 18
3 pages

EC 101 Monopolistic Competition

Fall 2016

Edson

EC 101

Brand Names Advertising Short run vs long run equilibriums Welfare of society

EC 101 - Class Notes - Week 2
2 pages

Productions Possibilites Frontier, Opportunity Cost, and the Basics of Trade

Fall 2016

Edson

EC 101

These notes are from Lecture #2 of EC101. They cover the PPF, opportunity cost, and the basics of trade.

EC 101 - Class Notes - Week 4
4 pages

EC 101 Lecture 4+5: The Market & Supply and Demand

Fall 2016

Edson

EC 101

Notes explaining the market, supply, demand, and the forces of supply and demand in the market.

EC 101 - Class Notes - Week 7
2 pages

EC101 Cross Price Elasticity / Elasticity of Supply

Fall 2016

Edson

EC 101

These notes cover Cross Price Elasticity of Demand and Elasticity of Supply.

EC 101 - Class Notes - Week 8
3 pages

EC101: Supply, Demand, and Government Policies

Fall 2016

Edson

EC 101

Price Floors, Price Ceilings, Taxes

EC 101 - Class Notes - Week 10
2 pages

EC101 Welfare Economics

Fall 2016

Edson

EC 101

Welfare Economics: Covering the topics of consumer, producer, and total surplus

EC 101 - Class Notes - Week 8
2 pages

EC101 Deadweight Loss of Taxation

Fall 2016

Edson

EC 101

Debate on Taxation Deadweight Loss

EC 101 - Class Notes - Week 10
2 pages

EC 101: International Trade

Fall 2016

Edson

EC 101

Tariffs, Trade Agreements, Winners and Losers from Trade, Trade Price Determinants

EC 101 - Class Notes - Week 13
3 pages

EC101 Lecture 13: Externalities

Fall 2016

Edson

EC 101

Positive and negative externalities. Public and private solutions.

EC 101 - Class Notes - Week 15
2 pages

EC101: The Costs of Production

Fall 2016

Edson

EC 101

Profits Implicit and Explicit Costs Accounting Profits vs Economic Profits Fixed Costs and Variable Costs Economies of Scale

EC 101 - Class Notes - Week 14
2 pages

EC101: Public Goods and Common Resources

Fall 2016

Edson

EC 101

Public Goods and Common Resources Excludability Rivalry in Consumption Private Goods Free Riders Cost Benefit Analysis

EC 101 - Class Notes - Week 15
2 pages

EC101 The Costs of Production

Fall 2016

Edson

EC 101

Production Costs Types of Costs Measures of Cost Scale Economies

EC 101 - Class Notes - Week 17
4 pages

EC101 Monopolies

Fall 2016

Edson

EC 101

Monopolies Profit Maximization Price Discrimination Welfare Costs of Monopolies

EC 101 - Class Notes - Week 18
4 pages

EC101 Oligopolies

Fall 2016

Edson

EC 101

Price Maximization Game Theory Prisoners' Dilemma Public Policy for Oligopolies

EC 101 - Class Notes - Week 18
3 pages

EC 101 Monopolistic Competition

Fall 2016

Edson

EC 101

Brand Names Advertising Short run vs long run equilibriums Welfare of society

EC 101 - Class Notes - Week 5
8 pages

Principles of Microeconomics week 5, lecture on Chapter 6

Fall 2016

Edson

EC 101

These notes are the in-class notes from the week of October 3 and also include notes from Chapter 6 in the book.

EC 101 - Class Notes - Week 5
8 pages

EC 101 AA Principles of Microeconomics Chapter 6

Fall 2016

Edson

EC 101

These notes are from the Lecture as well as the assigned reading from the textbook

EC 101 - Class Notes - Week 4
6 pages

Principles of Microeconomics week 5, lecture on chapter 5

Fall 2016

Edson

EC 101

These notes include the content covered in class as well as some brief notes on the assigned reading

EC 101 - Class Notes - Week 3
8 pages

Principles of Microeconomics week 3, lecture on chapter 4

Fall 2016

Edson

EC 101

These notes cover the material in the class and in the assigned reading

EC 101 - Class Notes - Week 2
4 pages

Principles of Microeconomics week 2, lecture on chapter 3

Fall 2016

Edson

EC 101

These notes cover the material in class and the assigned reading

EC 101 - Class Notes - Week 1
8 pages

Intro to Microeconomics week 1, lecture 1 and 2

Fall 2016

Edson

EC 101

These include materials covered in class as well as in the assigned reading

EC 101 - Class Notes - Week 6
6 pages

Principles of microeconomics week 6, lecture 7

Fall 2016

Edson

EC 101

These notes cover the lecture on chapter 7 in class as well as main ideas from the textbook

EC 101 - Class Notes - Week 6
6 pages

Principle of Microeconomics week 6, lecture 8

Fall 2016

Edson

EC 101

These notes cover the slides in class as well as brief notes on the assigned reading

EC 101 - Study Guide
10 pages

Study Guide for the Midterm on October 24

Fall 2016

Edson

EC 101

This study guide includes materials from chapters 1 through 6, including some diagrams and examples.

EC 101 - Class Notes - Week 7
5 pages

Principles of Microeconomics, Week 7

Fall 2016

Edson

EC 101

These notes cover the slides in class as well as the material from the assigned reading

EC 101 - Class Notes - Week 7
8 pages

Principle of Microeconomics week 7, lecture 10

Fall 2016

Edson

EC 101

These notes over what's in class as well as chapter 10 from the textbook

EC 101 - Class Notes - Week 8
3 pages

Principle of Microeconomics Week 8, chapter 11

Fall 2016

Edson

EC 101

These notes include what we covered in class as well as the assigned reading from chapter 11

EC 101 - Study Guide
9 pages

Midterm 11/21 Review Guide

Fall 2016

Edson

EC 101

This review guide condenses the notes from chapters 7 to 11. Graphs and examples are also in the guide.

EC 101 - Class Notes - Week 10
5 pages

Principle of Microeconomics Chapter 15

Fall 2016

Edson

EC 101

These notes cover the lecture in class as well as the assigned reading

EC 101 - Class Notes - Week 14
4 pages

Principles of Microeconomics, Chapter 17

Fall 2016

Edson

EC 101

These notes cover what we got to on the slides and i also made sure to take notes in the book up until what the teacher covered in class

EC 101 - Study Guide
7 pages

Microeconomics Final Study Guide

Fall 2016

Edson

EC 101

Hey everyone! These notes are the condensed material from the last midterm until now. I know the final is cumulative, but though the separation of materials would be helpful to you all, as each study guide goes in-depth with examples, concepts, etc. Good Luck!!

EC 101 - Class Notes - Week 1
2 pages

ECON101 Chapter 1 and Appendix 2 Graphing Notes

Fall 2016

Edson

EC 101

Notes on the basics of graphing in microeconomics

EC 101 - Study Guide - Midterm
9 pages

EC101 Midterm 1 Study Guide: Chapters 1-6

Fall 2016

Edson

EC 101

Topics Included: 10 Principles of Economics Thinking Like an Economist Trade Supply and Demand Elasticity Taxes Price Floors Price Ceilings

EC 101 - Study Guide - Midterm
8 pages

EC101 Midterm 2 Study Guide (Chapters 7-11)

Fall 2016

Edson

EC 101

Welfare Taxation International Trade Externalities Public Goods and Common Resources

EC 101 - Study Guide - Final
30 pages

EC 101 Final Exam

Fall 2016

Edson

EC 101

Principles of Economics Market Supply and Demand PPF + Basics of Trade Elasticity Cross Price Elasticity Government Policies Welfare Economics Deadweight Losses of Taxation International Trade Public Goods/Common Resources Monopolies Oligopolies Perfect Competition Costs of Production