1st Edition
ECON 2000: Introduction to Economics
School: Bowling Green State University (BGSU )
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Pages: 2In this lecture we discussed the pros and cons of high unemployment
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Pages: 2In this lecture we discussed what GDP is, how to calculate it, and how to use it to measure productivity.
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Pages: 2In this lecture we discussed what public choice economics is and political happenings.
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Pages: 2In this lecture we discussed how streams change from the beginning to the end. We discuss how location affects gradient, discharge, channel roughness, and size.
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Pages: 6For this exam we covered chapters 5,6,7, and 10. The lectures we covered were 10-21. Surpluses, Revenues, and Market Failures
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Pages: 2In this lecture we worked with an externalities problem and worked on it together
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Pages: 2In this lecture we wrapped up on market failures and discussed what externailites are.
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Pages: 3In this lecture we discuss how firms use marginal reasoning to determine if a marginal unit is worth the marginal cost.
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Pages: 2In this lecture we discussed the price elasticity of supply and the only factor influencing Es.
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Pages: 2In this lecture we discussed how to calculate price elasticity from a graph and briefly discussed price discrimination. The majority of class we worked on our group project.
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Pages: 2During this lecture we cover consumer surpluses, producer surplus, and begin discussing the price elasticity of demand.
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Pages: 7For this exam, it is important to know the vocabulary for supply, demand, supply curve, demand curve, quantity supplied, quantity demanded, and the determinants for both. Also study the characteristics of pure command socialism and pure capitalism.
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Pages: 2In this lecture we discussed price ceilings and how they can be binding effective
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Pages: 2In this lecture we talked about minimum wage laws as a price floor. We discussed the pros and cons of the minimum wage laws and how they connect to values
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Pages: 2In this lecture we discussed the different kinds of profits and what a price floor is. We also talked about Minimum wage as a price floor and what makes it binding.
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Pages: 2In previous lectures we talked about how Price and Quanity equilibrium changes when a single aspect changes, in this lecture we discussed how equilibrium changes when BOTH supply and demand change.
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Pages: 5During this lecture we discussed supply, quantity of supply, and law of supply. We then went on to cover markets at an equilibrium. We used the second portion of class to do a class marketing experiment.
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Pages: 5During this lecture we go into full depth about demand. We discuss what demand is, how it differs from quantity demand, and what changes demand.
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Pages: 2During class we discussed how each economic system related to the values listed in our handouts. We also discussed the Invisible Hand theory, and parts of an economic system.
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Pages: 4In class we covered what are the characteristics, classification criteria, strength and weaknesses of Pure command socialism and pure capitalism.
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Pages: 3The class did an experiment regarding the number of push ups and text they could do in a given time. we then used that data to create the PPF.
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Pages: 3In the previous class we seperated into groups and tried to find ways we would spend $50 Billion to solve the worlds problems. During this lecture we discussed what the experts picked. We also reviewed "The Road Less Taken" by Robert Frost. We discussed all of the economic concepts associated with it. We also briefly reviewed what a productions possibility frontier is.
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Pages: 5During these lectures, we discussed the basics of economics. We answered the following questions: What is economics? What is scarcity? What are the Factors of Productions? Who are the economic players? What is an opportunity cost?