1st Edition
ECONOM 1051: General Economics
School: University of Missouri (Mizzou )
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Pages: 3What it means to be a monopolistic competition in the market, how to differentiate your product, as well as an overview of oligopolies
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Pages: 2ATC to determine the profitability of a firm as well as equations to determine profit
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Pages: 3The components of gross domestic product, what it measures and what it leaves out
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Pages: 3An exercise with excel worksheets dealing with fixed costs, variable costs and total revenue
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Pages: 2How firms maximize profit in a Perfectly Competitive Market
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Pages: 2A look at an example from the books as well as firms in perfectly competitive markets
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Pages: 2The characteristics of perfectly competitive markets and the three key characteristics economists use to categorize firms in the market
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Pages: 3Technological changes and the different types of costs in the market place, as well as the four different market structures
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Pages: 2How to figure out fixed, variable and total cost and put it in an excel sheet
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Pages: 2Describes how the financial crisis of 07-09 occurred and how principal-agent problem played a role
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Pages: 3The different types of firms and how they operate in the market place
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Pages: 3How the government intervenes to deal with negative and positive externalities in the market place
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Pages: 2Describes examples of positive and negative externalities in the market place
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Pages: 3Health Care (and the Affordable Care Act) in the United States and as it compares to other countries
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Pages: 2Offers an example of determine consumer surplus using the formula for an area of a triangle
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Pages: 2How to calculate consumer surplus and total consumer surplus in a market
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Pages: 2The effects of externalities and surplus and how price controls affect the market