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Econ notes for final
contains six pages of econ notes each on a respective topic with detailed definitions and graphs
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Degrees of elasticity
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Talks About the different types of elasticity of demand along with respective graphs for each and the equation and rules for elasticity of demand
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Add to cartTalks About the different types of elasticity of demand along with respective graphs for each and the equation and rules for elasticity of demand
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Elasticity Continued
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Goes over the equations for elasticity of Demand, Supply, Income, and cross price. Talks about the rules of each and what the end result of each equation means
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Add to cartGoes over the equations for elasticity of Demand, Supply, Income, and cross price. Talks about the rules of each and what the end result of each equation means
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Costs Profit and Dead Weight Loss
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Talks about total welfare and consumer and producer surplus of a single firm. Also talks about dead weight loss and explicit and implicit costs and profit. Contains graphs for total welfare along with the equations for profit.
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Add to cartTalks about total welfare and consumer and producer surplus of a single firm. Also talks about dead weight loss and explicit and implicit costs and profit. Contains graphs for total welfare along with the equations for profit.
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Perfect Competition Intro
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Introduces perfect competition markets and profit maximization. also introduces respective formulas of marginal and average revenue.
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Add to cartIntroduces perfect competition markets and profit maximization. also introduces respective formulas of marginal and average revenue.
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Monopoly Intro
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Introduction to monopoly and its graph. Talks about profit maximization and total welfare and dead weight loss both with graphical examples with clear labels. also mentions arguments against monopolies.
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Add to cartIntroduction to monopoly and its graph. Talks about profit maximization and total welfare and dead weight loss both with graphical examples with clear labels. also mentions arguments against monopolies.
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Shut Down In the Short run
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Talks about shut down in the short run with multiple graphical examples and situations
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Add to cartTalks about shut down in the short run with multiple graphical examples and situations
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