ECON 110 (ECON110)

Models the capital market

Defines capital and what makes it difficult to understand, as well as how returns on capital work

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

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

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

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.

Introduces different types of cost curves as well as the production function. A little information on externalities.

Models government subsidies, tariffs, and externalities. Second page is a little blurry but still legible.

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

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.