Final_Exam_Review_2006

Final_Exam_Review_2006 - Final Exam Review (Fall 2006) 1....

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Final Exam Review (Fall 2006) 1. Review Exam 1 and Exam II (Both exams and review sheets). a. Distinguish Between the Marketing Bill, Marketing Margin, and Market Basket b. Index Number Components and Interpretation c. Real vs Nominal Prices d. Elasticity Estimation and Interpretation (Own, Cross, Income, and Price Flexibility Coefficient e. Relationship of Price Elasticity of Demand and Total Revenue f. Substitutes vs Complimentary Goods g. Normal vs Inferior Goods h. Movement vs Shifts in Supply and Demand Schedules i. Derived vs Primary Demand/Supply j. Classification Criteria for Distinguishing Market Structure Models k. Perfectly Competition vs. Imperfect Competition Models l. Market Structure, Conduct and Performance Model 2. Price Discovery (Chapter 8) a. Distinguish between Price Determination and Price Discovery b. Identify Various Price Discovery Systems c. Distinguish between a Marketing Contract and a Production Contract d. Identify some Advantages and Concerns of Contracting (Sellers vs Buyers vs Consumers)
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This note was uploaded on 02/07/2011 for the course AEC 305 taught by Professor Staff during the Fall '08 term at Kentucky.

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