BU111 Lecture Notes - Lecture 1: Opportunity Cost
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BU111 Full Course Notes
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Document Summary
Ec120 - fall 2017 - class 1 summary. The opening lecture focuses on the design of ec120, including going over the course expecta- tions, the course outline, and a brief review of the mathematical concepts required to succeed in the course. We will also discuss our rst economic concept, opportunity cost, which is critical throughout this course, and all economic courses. Real choices involve costs, and an opportunity cost is what you have given up when you make a choice. For each lecture, there will be pre-lecture learning objectives, that students should have covered before the lecture, and further learning objectives that students should have mastered by the end of the lecture. If possible, by the rst lecture, students should have: logged into the mylearningspace system, and read the course outline, purchased the required textbook through the bookstore, and registered with pearson through the mylearningspace widget.
