ECON 1000 Study Guide - Final Guide: Marginal Cost, Tax Rate, Demand Curve
8 May 2017
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Econ 1000: week 1; lecture 1 syllabus and. 3778 / office; loeb b843 / office hours wed 1:00 to 2:00 and fri 10:30 to 12:00. Required textbook: 6th canadian edition, principles of microeconomics and principles of macroeconomics, mankiw, kneebone, and mckenzie. Two assignments in discussion groups, one midterm and one final in both semesters at 5%, 10% and 35% respectively. It"s all about money (not really though, this is a bad answer/explanation) Money isn"t very relevant to economics: 2. Allocation of scarce resources. (generally not renewable- resources) Markets can help identify where and who scarce resources will be acquired by: economists study human interaction by studying the choices people make with the purchasing power they have, 3. Economists approach social science and the study of people through these lens". (be knowledgeable of these concepts to help easily understand our studies. : 4. L = 10 (10 hectares of land) La (land growing apple trees) , lb (land growing banana trees)
