Selected Concepts and Components for Exam #2

Selected Concepts and Components for Exam #2 - Econ 4.3...

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Econ 4.3 Wednesday, February 24, 1999 Announcements: Homework Assignment #3 is posted on the webpage and is due on Wednesday. The Chapter 8 and 9 quizzes are online and will be taken off on Friday at 8 am. The exam will be Friday, February 26th. Voluntary Pre-Exam Review Session , Thursday, February 25, in 110 Wartik; 6:30 - 8:25 PM. The exam will cover chapters 6 through 9. Lecture notes: Selected Concepts and Components for Exam #2 We studied both the income and expenditure methods of estimating the value of GDP. For the exam, you will not be expected to calculate GDP using the income components such as Personal Income, Disposable Personal Income, Taxes. The following is a partial list of concepts and quantitative computations that have been identified in class as likely to be on an exam, as well as being important to the understanding of economics. It is a reasonable expectation that you understand the concepts, understand how to do the calculations, and can apply what you have been learning. The list below is not intended to be all-inclusive--
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