Midterm1prep - + Cost function and its properties in the...

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Dear ECON 203 students, In preparation for the first midterm (Wednesday Feb 16 th ), you should be comfortable in discussing various topics introduced in chapter 2, 3, 4, 9 and 10. They include but not limited to: + Demand and supply curve and factors affecting demand and supply function. + Tax. + Budget constraint, indifference curve and how to derive the optimal consumption bundle with different methods. + Substitution and income effect. + Aggregate market demand, elasticity and how elasticity related to the total amount of expenditure/revenue. + Production function and its properties in the short run and long run.
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Unformatted text preview: + Cost function and its properties in the short run and long run. Suggested problems for the first midterm (you are encouraged to work on other problems to gain better understanding of the materials). Chapter 2: 1, 2, 3, 4, 5, 6, 7, 8. Chapter 3: 1, 2, 3, 6, 7, 10, 14, 16. Chapter 3 Appendix: 1, 2, 3, 4. Chapter 4: 1, 2, 4, 5, 6, 7, 9, 10, 11, 13. Chapter 9: 1, 2, 7, 9, 13. Chapter 9 Appendix: 1, 2. Chapter 10: 1, 2, 3, 4, 5, 6, 7, 8, 12, 13. Chapter 10 Appendix: 1, 2, 3, 4, 5....
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This note was uploaded on 08/03/2011 for the course ECON 203 taught by Professor Okhan during the Spring '11 term at University of Victoria.

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