ECO 1192 Lecture Notes - Lecture 2: Exponential Growth, Arithmetic Progression, Compound Interest

• School: University of Ottawa
• Department: Economics
• Course: ECO 1192
• Professor: Claude Théoret

Document Summary

Must bring every parameter into a single metric (percentage or cost) Lots of short forms to get the metric. Based on the assumption that a dollar today is more than a dollar tomorrow. Preference for consuming goods and services now rather than. Project begins at the end of year zero.