{[ promptMessage ]}

Bookmark it

{[ promptMessage ]}

Review List for Exam 1 2314

Review List for Exam 1 2314 - Distinction between change in...

Info icon This preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
Review List 1 Eco 2314 Exam 1 Bring a pencil, your own calculator Chaps 1-4; 30 multiple choice questions Comparative Advantage – calculate opportunity costs, comparative advantage, and specialization Production possibilities frontier – derivation, interpretation, slope, opportunity costs along the slope, law of increasing opportunity costs, marginal rate of transformation Circular flow model Determinants of demand and supply Distinction between change in demand and change in quantity demanded
Image of page 1
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: Distinction between change in supply and change in quantity supplied Equilibrium Excess demand and excess supply Price adjustments for shortages and surpluses Comparative statics – single and simultaneous shifts in demand and supply Methods of non-price rationing Price ceilings and price floors The study of economics 1 May not be a comprehensive list...
View Full Document

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern