Study guides, Class notes & Summaries

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.

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.

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.

Shows a mathematical example of a monopoly. It also describes multiple ways to find labor demand given the production function.

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

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

Shows mathematical examples of both a sales tax and a tariff. Includes graphs

This lecture went over the history of the field of economics as well as defining utility and value functions.