Study guide for Micro econ exam

Study guide for Micro econ exam - FINAL EXAM STUDY GUIDE...

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FINAL EXAM STUDY GUIDE ECON:102 Micro economics: Chapters: 3,4, 6,7,8,9,10,11,14,18,,23 This study guide summarizes the topics on which you should focus, as you prepare for the final exams. You should prepare ahead of time to score a decent grade . Look up each of the topics in your text book to learn definitions and other concepts given below under each chapter. Write the information in your study journal. I highly recommend forming a study group. !!!!!!!! Please do not forget to bring your pencils, erasers & calculators!!!!!!!!! Chapter: 3 Define demand, Law of demand, why does the demand curve slope downwards, substitutes and complementary goods, graphical analysis of demand curve, determinants of demand and explain how each one shifts the demand curve, change in demand and change in quantity demanded, define supply, state the law of supply, graphical analysis of supply curve, determinants of supply and explain how each one shifts the supply curve, distinguish between change in supply and change in quantity supplied ,define surplus and shortages, determination of equilibrium price and quantity, predict the effects of changes in demand and supply, rationing function of prices, price floor and price ceiling.
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Study guide for Micro econ exam - FINAL EXAM STUDY GUIDE...

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