ECO 201 (ECO201)

6 pages of hand-written PDF notes for MyEconLab Microeconomics by Pearson, Chapter 6: Elasticity: The Responsiveness of Demand and Supply. Subjects include: - The Price Elasticity of Demand and Its Measurement - The Determinants of the Price Elasticity of Demand - The Relationship between Price Elasticity of Demand and Total Revenue - Other Demand Elasticities - The Price Elasticity of Supply and Its Measurement Definitions include: - elasticity - price elasticity of demand - elastic demand ...

3 pages of hand-written PDF notes for MyEconLab Microeconomics, Chapter 8: Firms, the Stock Market, and Corporate Governance. Subjects include: - Types of Firms - The Structure of Corporations and the Principal-Agent Problem - How Firms Raise Funds - Using Financial Statements to Evaluate a Corporation - Corporate Governance Policy and the Financial Crisis of 2007-2009 Definitions include: - sole propietorship - partnership - corporation - asset - limited liability - corporate governance - s...

5 pages of hand-written PDF notes for MyEconLab Microeconomics by Pearson, Chapter 11: Technology, Production, and Costs. Subjects include: - Technology: An Economic Definition - The Short Run and the Long Run in Economics - The Marginal Product of Labor and the Average Product of Labor - The Relationship between Short-Run Production and Short-Run Cost - Graphing Cost Curves - Costs in the Long Run Definitions include: - technology - technological change - short run - long run - total cost -...

3 pages of hand-written PDF notes for MyEconLab Microeconomics by Pearson, Chapter 14: Oligopoly: Firms in Less Competitive Markets. Subjects include: - Oligopoly and Barriers to Entry - Using Game Theory to Analyze Oligopoly - Sequential Games and Business Strategy - The Five Competitive Forces Model Definitions include: - oligopoly - game theory - business strategy - payoff matrix - collusion - dominant strategy - Nash equilibrium - cooperative equilibrium - noncooperative equilibrium - pr...

3 pages of hand-written PDF notes for MyEconLab Microeconomics by Pearson, Chapter 15: Monopoly and Antitrust Policy. Subjects include: - Where do Monopolies Come From? - How Does a Monopoly Choose Price and Output? - Does Monopoly Reduce Economic Efficiency? - Government Policy toward Monopoly Definitions include: - monopoly - network externalities - natural monopoly - market power - antitrust laws - horizontal merger - vertical merger

3 pages of hand-written notes for MyEconLab Microeconomics by Pearson, Chapter 13: Monopolistic Competition: The Competitive Model in a More Realistic Setting. Subjects include: - Demand and Marginal Revenue for a Firm in a Monopolistically Competitive Market - How a Monopolistically Competitive Firm Maximizes Profit in the Short Run - What Happens to Profits in the Long Run? - Comparing Monopolistic Competition and Perfect Competition - How Marketing Differentiates Products - What Makes a Fi...

2 1/2 pages of hand-written PDF notes for MyEconLab Microeconomics by Pearson, Chapter 16: Pricing Strategy. Subjects include: - Pricing Strategy, the Law of One Price, and Arbitrage - Price Discrimination: Charging Different Prices for the Same Product - Other Pricing Strategies Definitions include: - arbitrage - arbitrage profits - price discrimination - odd pricing - cost-plus pricing - two-part tariff

6 pages of hand-written PDF notes for MyEconLab Microeconomics by Pearson, Chapter 1: Economics: Foundations and Models. Subjects include: - The Economic Problem that Every Society Must Solve - Economic Models - Microeconomics and Macroeconomics - A Preview of Important Economic Terms Definitions include: - marginal analysis - trade-off - opportunity cost - centrally planned economy - market economy - mixed economy - productive efficiency - allocative efficiency - voluntary exchange - equity...

3 1/2 pages of hand-written notes for MyEconLab Microeconomics by Pearson, Chapter 2: Trade-offs, Comparative Advantages, and the Market System. Subjects include: - Production Possibilities Frontiers and Opportunity Costs - Comparative Advantage and Trade - The Market System Definitions include: - production possibilities frontier (PPF) - increasing marginal opportunity costs - economic growth - trade - absolute advantage - comparative advantage - product markets - factor markets - circular...