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PROFESSORS
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Ugurhan Gazi Berkok
fall
13

Verified Documents for Ugurhan Gazi Berkok

Class Notes

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ECON 111 Lecture Notes - Lecture 1: Opportunity Cost
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ECON 111 Lecture Notes - Lecture 3: Deadweight Loss, Demand Curve, Oatmeal
Quantity demanded- of a good or service the consumers are willing to purchase at a given price. Demand curve- collection of all quantities demanded at
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ECON 111 Lecture 4: ECON 111 lecture 4 notes
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ECON 111 Lecture 4: ECON 111 lecture 4 noteS
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ECON 111 Lecture Notes - Lecture 4: Limited Partnership, Human Capital, E.G. Time
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ECON 111 Lecture 5: ECON111 lecture 5 notes
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ECON 111 Lecture Notes - Lecture 6: Substitute Good, Inferior Good, Complementary Good
For example, when the price of apples increase above the price of oranges, consumers are more likely to substitute apple consumption with orange consum
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ECON 111 Lecture Notes - Lecture 7: Marginal Revenue, Demand Curve, Market Price
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ECON 111 Lecture Notes - Lecture 8: Monopolistic Competition, Marginal Revenue, Oligopoly
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ECON 111 Lecture 9: economic efficency
Efficiency works at different levels: product efficiency. A) firm level (economic efficiency) (i) no waste (ii) correct input proportions: allocative,
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ECON 111 Lecture Notes - Lecture 10: Deadweight Loss, Predatory Pricing, Monopolistic Competition
It is well known that market power generally leads to deadweight loss in the economy. Policy designed to minimize deadweight loss seeks to : limit entr
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ECON 111 Lecture Notes - Lecture 11: Monopolistic Competition, Market Power, Perfect Competition
Market structures: monopoly and perfect competition can be though of as the 2 extremes of market structures, there are many kinds of market structure t
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ECON 111 Lecture Notes - Lecture 12: Autarky, Free Trade, Comparative Advantage
Trade policy- tariffs, quotas and strategic markets: determination of trade patterns, the law of one price: when an easily transported product is inter
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