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Verified Documents at Western University

Browse the full collection of course materials, past exams, study guides and class notes for Economics 1021A/B - Principles Of Microeconomics at Western University verified by our …
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PROFESSORS
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Bruce Hammond
fall
13
Jeannie Ann Shearer
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37
Trela
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15
Kottelenberg
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1
Walker
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2
Streufert
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Khan
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22
Middleton
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2

Verified Documents for Bruce Hammond

Class Notes

Taken by our most diligent verified note takers in class covering the entire semester.
Economics 1021A/B Lecture 1: Microeconomics 1021 A
392
Economics 1021A/B Lecture Notes - Lecture 1: Marginal Cost, Marginal Utility, Market Failure
Bus pass network/ job opportunities resources from nature (land, raw material like minerals and water) Marginal cost- the cost of an increase in an act
242
Economics 1021A/B Lecture 1: ECON1021 Lecture 1
128
Economics 1021A/B Lecture Notes - Lecture 2: Demand Curve, Inverse Relation, Economic Equilibrium
Demand: the amount of something that people are willing to buy at various prices, the higher the price of a good, the smaller is the quantity demanded.
230
Economics 1021A/B Lecture 2: Economics 1021A/B Chapter Appendix: Graphs: Microeconomics 1021 A
280
Economics 1021A/B Lecture Notes - Lecture 2: Vehicle Insurance, Demand Curve, Inverse Relation
Amount of something that people are willing to buy at various prices. The higher the prices of a good, the smaller the quantity demanded. Inverse relat
338
Economics 1021A/B Lecture 3: Economics 1021A/B Chapter 3: Microeconomics 1021 A: Demand and Supply
5103
Economics 1021A/B Lecture Notes - Lecture 3: Inferior Good, Normal Good
A measure of the responsiveness of a product"s quantity demanded to a change in the product"s price. % change in price change in price / average price.
364
Economics 1021A/B Lecture 4: Microeconomics: Elasticity: Chapter 4
543
Economics 1021A/B Lecture 4: Econ1021 - Lecture 4 - Elasticity
Elastic - % price change causes larger % quantity change. Perfectly elastic - if price changes a little bit (usually increase in price), the demand is
253
Economics 1021A/B Lecture Notes - Lecture 5: Economic Surplus, Avoidance Speech, Marginal Utility
Occurs when we produce the goods and services that people value most. The benefit a person gets from consuming one more unit of a good or service. The
231
Economics 1021A/B Lecture Notes - Lecture 6: Efficient-Market Hypothesis, Deadweight Loss, Economic Surplus
Economics 1021 - lecture 6 - market efficiency and market interference. Efficient allocation - occurs when we produce the goods and services that peopl
328
Economics 1021A/B Lecture Notes - Lecture 6: Ceteris Paribus, Indifference Curve, Marginal Cost
Describes the limits to a household"s consumption choices. A line that shows combinations of goods among which consumer is indifferent. The rate at whi
439