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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
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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- Spring '08