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Popular Documents from Loyola University Chicago
Econ Review Cheat Sheet Exam 2 Marginal utility: the change in total utility that results from a unit increase in the qty of the good consumed, Qty consumed of a good increases, marginal utility decreases (diminishing marginal utility) Consumer e
o one which accounts for a significant share of a given market and has a significantly larger market share than its next largest rival How do dominant firms behave? Game theory- Tools to study strategic behavior, behavior of others and mutual int
Lecture_1_and_2.docx-INFS Lecture 1 - Data: facts
Microeconomics: the study of choices that indicate individuals and businesses make, the way choices interact with markets and influence of governments Macroeconomics: the study of the performance of the national economy and the global economy.
1. Creation 2. Revelation 3. Eschaton Sacraments: Sacraments of Initiation 1. Baptism- Receives a blessing of the Holy Trinity, all other sacraments are available 2. Eucharist- Receive the Body and Blood of Jesus Christ 3. Confirmation- outpouring of