Free Daily Class Notes Template
Daily Class Notes
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Date: |
January 26, 2050 |
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Course: |
Introduction to Economics |
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Instructor: |
[Your Name] |
I. Main Topics
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The Basics of Microeconomics |
Supply and Demand |
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II. Key Concepts/Definitions
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Microeconomics: The study of individual consumers, firms, and markets.
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Macroeconomics: The study of the economy as a whole, focusing on national factors like inflation and unemployment.
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Law of Demand: As the price of a good decreases, the quantity demanded increases, and vice versa.
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Law of Supply: As the price of a good increase, the quantity supplied increases, and vice versa.
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Market Equilibrium: The point at which the supply and demand curves intersect, indicating the equilibrium price and quantity.
III. Examples
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Example of the Law of Demand |
Example of Market Equilibrium |
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IV. Assignments or Homework
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Reading Assignment |
Homework |
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Read Chapter 2 of the textbook on "Market Structures" |
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V. Questions or Doubts
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Question |
Doubt |
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How do external factors, like government policies, affect supply and demand in real life? |
Clarification is needed on how to graphically represent shifts in supply and demand curves. |
