Temple University - Macroeconomics - Exam One - Review Topics - 022509

Temple University - Macroeconomics - Exam One - Review Topics - 022509

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Temple University ECON 1101 – MACROECONOMICS Spring Semester 2009 - Section 016 Exam One - Review Topics (Chapters 1, 2, 3, 4, 5) February 25, 2009 Professor Vincent P. Daley Below, I’ve listed some suggested review topics for Examination One in Macroeconomics scheduled for February 27, 2009. 1. Chapter 1: A. Scarcity B. Incentives C. Definition of Economics D. Macroeconomics versus Microeconomics E. Goods and Services F. Factors of Production G. Income H. Opportunity Cost I. Key Institutions J. Positive versus Normative Economics Statements 2. Chapter 2: A. Production Possibilities Frontier B. Opportunity Cost and Marginal Cost C. Marginal Benefit D. Allocative Efficiency E. Economic Growth F. Gains From Trade G. Specialization H. Comparative Advantage I. Absolute Advantage J. Terms of Trade K. Dynamic Comparative Advantage L. Economic Coordination Systems M. Required Social Institutions For Decentralized Economic Systems 1
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3. Chapter 3: A. Characteristics of Demand B. Quantity Demanded
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Temple University - Macroeconomics - Exam One - Review Topics - 022509

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