Wesleyan University

Defines capital and what makes it difficult to understand, as well as how returns on capital work

Explores what happens in a labor market long term: ie, what causes changes once a short term equilibrium has been reached.

A mathematical example showing how a firm maximizes profits from its production function. Uses simple calculus (one derivative). The problem is about a fisherman who employs himself and has some fixed and variable costs.

Introduces different types of cost curves as well as the production function. A little information on externalities.

Models government subsidies, tariffs, and externalities. Second page is a little blurry but still legible.

This document defines consumer and producer surplus, showing it on a graph and giving mathematical examples. It has a description of supply elasticity on a graph. It also shows the effects of government price controls on a graph, as well as showing a graph of a tax.

These notes show a simple problem with a shift in the demand curve. It also defines and gives formulas for demand elasticity, as well as giving examples. These notes are a little messy, but get clearer on later pages.

Includes a mathematical problem using a utility and value function. It also defines supply and demand, and does a simply problem with that as well.

Models the capital market

Describes another way to find labor demand. Talks about different labor supply curves and why they exist.