Template for CAPM
Bank of Montreal
n/a Source for TSX Price Data:
64.21 1.076845458 1.936815368 Yahoo Finance
63.19 -2.30119452 -1.
Sept. 10 2013
Microeconomics Day 2
A Model for Trade Assumptions
1. There are two countries, Canada (50 000 labour hours) and Sri Lanka (30 000 labour hours).
2. Each producing 2 goods, fish and bread.
3. Both have one factor of production, labour.
Microeconomics Week 11
Firms maximize revenue when marginal revenue = marginal cost.
On a graph, marginal cost intersects through the lowest point of average total cost.
For a firm, the demand curve is horizontal.
For a firm, supply is upward sloping.
Sept 24 2013
Economics Week 4
Budget constraint - The most you can possibly purchase with the budget given
Properties of Indifference Curve
Indifference curves are downward sloping (Limit budget, if you buy a lot of one thing, there's less
Sept. 17 2013
Economics - Week 3
A market is a group of buyers and sellers.
In a competitive market, there are many buyers and sellers
In a perfectly competitive market, there are many buyers and sellers which no one has the
power to alter the price o
Sept 3. 2013
Microeconomics - An Introduction
Principle 1 - People face tradeoffs
Principle 2 - The cost of something is what we give up to get it.
Principle 3 - Rational people think at the margin
Principle 4 - People respond to incentives
Principle 5 -
Microeconomics Week 7
Buyers Well Being = Willingness to Pay
The maximum the buyer is willing to pay for a product. WTP measures how much buyers value a
Marginal Buyer is the buyer who drops out if the price increases beyond a certain point.
Microeconomics Week 10
Shows the relationship between Q and L given a fixed technology and fixed capital
- - -For a competitive firm, Marginal Revenue = Average Revenue = Price
Firms take the market price as given in a competitive mark
Microeconomics Week 5
For Standard Computing
Elasticity - Measures how responsive a variable is to a change in another variable
Price elasticity of demand (ED) - how responsive consumers are to a change in the price of a product
ED = Percentage
Microeconomics Week 8
At the equilibrium, the price is the cost of production.
International trade depends on comparative advantage.
Small countries do not have a big influence on the world economy.
If the price of an item in the home country is less than
Microeconomics Week 9
If someone can be prevented from using it
I.E., a requirement must be met before using it
Rival in Nature
My use does not diminish your use
Microeconomics Week 6
Applications of Elasticity
Price Elasticity of Demand = % change in quantity demanded / % change in price
(End value - Start value) / Midpoint)
Price Elasticity of Demand depends on the slope of the demand curve
The flatter = mor
Econ Chapter 1 Notes and Terms
As humans, we want more than we can have, and our inability to get everything we want
is referred to as Scarcity.
Scarcity is the problem of having unlimited wants, but limited resources.
Incentives affect the way we make
ECON CHAPTER 3 NOTES AND TERMS DEMAND AND SUPPLY
MARKETS AND PRICES
The place in which you find anything you want to buy is called a market.
A market has two sides; buyers and sellers. There are markets for
goods, services, factors of production (compute
ECON CHAPTER 6 NOTES GOVERNMENT ACTIONS IN MARKETS
A HOUSING MARKET WITH A RENT CEILING
A government regulation that makes it illegal to charge a price higher than a
specified level is called a price ceiling or price gap.
The effect that this has on a mar
ECON CHAPTER 2 NOTES AND TERMS THE ECONOMIC PROBLEM
PRODUCTION POSSIBILITIES AND OPPOURTUNITY COST
The quantity of goods and services that we, as humans, can produce is limited due to the
amount of available resources and technology we can use.
ECON CHAPTER 4 NOTES ELASTICITY
PRICE OF ELASTICITY OF DEMAND
We know that when supply decreases, the equilibrium price rises and the
equilibrium quantity decreases, but we do not know by how much these factors rise
The amount that either factor
ECON CHAPTER 5 NOTES AND TERMS EFFICIENCY AND EQUITY
Resource Allocation Methods
If resources were abundant, and not scarce, we would not need to allocate them
among alternative uses. But since resources are scarce: they must be allocated
somehow. There a
ECON CHAPTER 7 NOTES AND TERMS GLOBAL MARKETS
How Global Markets Work
The goods and services that we buy from other countries are our imports, and the
goods and services that we sell to people in other countries are our exports.
We trade both goods and s
Adam Smith (1723-1790): The Pioneer
Government regulations is not necessary to control the economy
Self-interest (stimulated by motive of profit) Invisible hand Laissez-faire
Thomas Robert Malthus (1766-1834): The Pessimist
REQUESTS FOR PROPOSALS
Requests For Proposals
REQUESTS FOR PROPOSALS
Requests For Proposals
Choose the right idea to fund when Requests For Proposals come in can be quite
challenging if approached wrongly. The fu
Policy Analysis Essential Topic Information
The identification of strategies that seek to assist young people risking to be part of
NEET (Not in education, employment or training) is part of effective transitions that
Industry-Economy Interlinkages Coursework
It is imperative to note that the current trends in our economy are somewhat
unpredictable, but what we find predictable, it is wise to take advantage of the same so
The market place in California is partially penetrated mostly by few but established
companies. These companies have been observed to provi
Strategic Marketing and Planning
Unit of Analysis and Geographic Scope of an Industry
Internet has evolved from a nascent technology to one of the most transforming
technologies in enterprises, governments and social circles.
Exchange Rates and the Open
Nominal ER: the rate at which two currencies can
be traded for each other.
Can be expressed either as the amount of foreign
currency needed to purchase one CDN dollar, or as
the amount of CDN dollars ne
What happens to AD if A changes for a reason other than a
change in price (ie. G
The only thing we
have changed is
there is a shock
and gov is
levels of spending
go up but price
has not change,.
the demand curve
must have s
An Introduction to the Key Issues
Macroeconomics is the study of .
the performance of national economies, and
the policies governments use to try to
improve that performance.
Can be provincial but has to be large.
Monopoly, Oligopoly and Increasing Returns
Now we turn to models involving imperfect competition and increasing returns to scale.
These topics have attracted considerable attention in both theoretical and empirical analyses of