ECO2 Study guides, Class notes & Summaries

This document contains the full lecture notes for the ECO2004S course at the University of Cape Town (UCT) as of 2023. The notes cover all the modules covered in the course.

All of the following would affect the position and shape of a nation's production possibilities curve, except:The level of unemployment What is the best economic explanation for why a person would drop out of college to take a job or start a business?the expected future benefits from starting a business now are greater than the costs The idea in economics that "there is no free lunch" means that:There are opportunity costs involved even in free lunches Which of the following is ano...

Eco201 - Miami University - Final Exam Review questions with correct answers

Everything you need for the exam in one document. Got a first for this course based off of these notes

The text provides an overview of how elevated carbon dioxide (eCO2) levels affect plant ecophysiology. Specifically, it discusses how eCO2 stimulates photosynthesis and growth in plants, especially C3 plants. eCO2 makes the Calvin cycle more efficient by providing more CO2 for the enzyme rubisco to convert into glucose. This results in increased photosynthesis, growth, water use efficiency, and nitrogen use efficiency in C3 plants. The response of C4 and CAM plants to eCO2 is more limited. The t...

These notes are an in depth summary of Unit 19 from the CORE Economy textbook. They contain all the relevant information and graphs relating to this unit. They are clear and easy to understand.

These notes are an in depth summary of the Production and Costs sections of ECO2003. They contain all the relevant information and graphs relating to these sections. They are clear and easy to understand.

_______________ include both the private costs incurred by firms and also costs incurred by third parties outside the production process. Social Costs As a person receives more of a good, the _______________ from each additional unit of the good declines. marginal utility Attending college is a case where the ________________ exceeds the monetary cost. opportunity cost Because of the nature of the comprehensive environmental laws adopted during the late 1960s and early 1970s by the Un...