chapter1 - Chapter Chapter 1 Study Suggestions Before...

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Unformatted text preview: Chapter Chapter 1 Study Suggestions Before lecture on Wednesday, August 24: Read pages 2-19 of the textbook, skipping the sections “Efficiency and Equity” and “Appendix: Using Graphs and Formulas.” Note the definitions of all of the following terms: scarcity, economics, economic model, market, marginal analysis, trade-off, opportunity cost, centrally planned economy, market economy, mixed economy, positive analysis, normative analysis, microeconomics, & macroeconomics. After lecture on Wednesday, August 24: Re-read pages 2-19 of the textbook, skipping the sections “Efficiency and Equity” and “Appendix: Using Graphs and Formulas.” Read pages 1-7 & 9 of the study guide, skipping the material on efficiency and equity. Do Multiple-Choice Questions 2-4, 6-9, 14-20, & 22-28 in the study guide. Do Short Answer Questions 1, 4, & 5 in the study guide. Do True/False Questions 1-4, 6-11, 14, & 15 in the study guide. Between 12:00am on Tuesday, September 6 and 11:59pm on Wednesday, September 7: Take and submit Chapter 1 Quiz on ICON! NOTE: Chapter 1 is the easiest chapter of the course, so you should do well on the Chapter 1 Quiz. Please be prepared for the material and quizzes to become more difficult. General Study Suggestions The textbook/study guide is intended to reinforce, not replace, the information presented during lecture and discussion. In economics, graphs are tools that can help you answer questions ~ use them! Understanding a problem that is presented to you is not the same as doing the problem yourself ~ practice! Ask Professor Fuhrman and/or the TAs questions during lecture, discussion, office hours, and/or via email. Page 1 of 1 ...
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