Final Exam Review: Modules 1 thru 5
This review includes (but is not limited to):
*Opportunity Cost
*The PPC and Trade
*Absolute Advantage vs. Comparative Advantage
*Supply and Demand Analysis
*Elasticity of Demand
*The Total Revenue Test
*Elasticity of Supply
*Income Elasticity
*Cross Price Elasticity
*Efficiency and Equity
*Consumer and Producer Surplus
Final Exam Review: Modules 6 thru 9
**This review will likely last up to two hours. Please schedule accordingly.
This review includes (but is not limited to):
*Price Ceilings/Rent Ceilings
*Price Floors/Minimum Wage
*Taxes
*Subsidies
*Externalities
*Public Goods
*Common Resources
*Budget Lines
*Marginal and Total Utility
*Income and Substitution Effects
*Explicit and implicit costs
*Accounting profits vs. Economic profits
*Costs of Production
*Sunk Costs
*Total and Average Product
*Measures of Market Concentration
*The Principal-Agent Problem
Final Exam Review: Modules 10 thru 12
NOT for students that have Professor Lantis
**This review will likely last up to two hours. Please schedule accordingly.
This review includes (but is not limited to):
*Perfectly Competitive Markets
*Single Price Monopoly Markets
*Price Discriminating Monopoly Markets
*Natural Monopoly Markets
*Oligopoly Markets
*Game Theory
Final Exam Review: Modules 10 thru 13
This is IDEAL for students that have Professor Lantis
This review will likely last up to two hours. Please schedule accordingly.
This review includes (but is not limited to):
*Perfectly Competitive Markets
*Single Price Monopoly Markets
*Price Discriminating Monopoly Markets
*Natural Monopoly Markets
*Oligopoly Markets
*Game Theory
*Monopolistic Competition