Final_topics - List of Topics for the Final Economics 304K:...

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List of Topics for the Final Economics 304K: Principles of Microeconomics Prof. Meg Ledyard Below is an outline of topics that we have covered in class. This may not include all of the topics that we have covered, but it is a good start. The final will consist of approximately 25% material from before the first midterm, 25% from between the two midterms, and 50% from after the second midterm. Before Midterm 1 Chapter 1: 10 Principles Chapter 2: Thinking like an economist Chapter 3: Interdependence and Gains from trade a. Production possibilities frontier b. Absolute advantage c. Comparative advantage and opportunity cost Chapter 4: Supply and Demand a. Demand curves and what shifts them b. Supply curves and what shifts them c. Equilibrium and how it changes with changes in supply and demand Chapter 5: Elasticity and its applications a. Price elasticity of demand, income elasticity of demand, and cross price elasticity of demand b. Price elasticity of supply Chapter 6: Supply, Demand, and government policies
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This note was uploaded on 09/14/2009 for the course ECON 304K taught by Professor Ledyard during the Fall '08 term at University of Texas at Austin.

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Final_topics - List of Topics for the Final Economics 304K:...

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