COURSE NOTES

NOTES
Note Number	Description
1	Normative vs. Positive Economics
2	Scarcity
3	Stocks vs. Flows
4	Rationality
5	Demand
6	Elasticity and the Measurement of Demand
7	Supply
8	The Interaction of Demand and Supply
9	Marginal vs. Average Values
10	Marginal Analysis & Maximizing Net Benefits
11	Efficiency, Pareto Optimality & Resource Allocation
12	Consumer & Producer Surplus
13	Maximizing Profits
14	Peak-Load Pricing
15	Externalities & Public goods - Markets & the Invisible Foot
16	Problems with Democratic Decision Making
17	Incidence & Deadweight Loss of Excise Taxes
18	Natural Monopoly
19	Profit Maximization by Price Takers and Price Searchers PowerPoint Presentation--best viewed with Internet Explorer
20	Price Discrimination PowerPoint Presentation--best viewed with Internet Explorer
21	Competition and Government Policy PowerPoint Presentation--best viewed with Internet Explorer
22	Monopolistic Competition--best viewed with Internet Explorer
23	Oligopoly--best viewed with Internet Explorer
24	Antitrust and Economic Regulation --best viewed with Internet Explorer
25	Market for Labor and Other Inputs--best viewed with Internet Explorer
26	Gains from International Trade--best viewed with Internet Explorer

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