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Unformatted text preview: Review Sheet for First Midterm ECON300 Spring 2008 In accordance with the main objectives for this course (as listed on the syllabus), the exam will pose questions on: terminology and notation why economists use math calculations typically applied by economists to solve economic problems We recommend that you prepare for the exam by completing two different types of tasks, described below as A and B. A. Work through the concepts listed below and make sure for each term you can recognize and apply: the definition in words (in some cases what we have called intuitive meaning), any corresponding mathematical expression, formula, graph or formal definition, at least one example of an economic application B. You should review problem sets 1 and 2 and all of the exercises presented in discussion section and class, as many of the calculation-type problems on the exam are drawn from these exercises. Other exercises presented in the book are good sources of review, and at least one or two exam questions will...
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This note was uploaded on 05/18/2008 for the course ECON 300 taught by Professor Cramton during the Spring '08 term at Maryland.
- Spring '08