IDENTITY ECONOMICS Joseph Ciesynskj
Chapter 4: .Where We Fit into Todays Economics
0 Economics and its transformations over the past 50 years
0 Economic theory mostly considered two market structures: perfect competition
I Many industries
Review for Final Exam Spring 2011
I. Measurement of Economic Performance (12-16%)
a. Gross domestic product
How is it measured? What is counted? What isnt counted? What is the purpose of
measuring it? What are its limitations?
Chapter 5 Outline
The model in practice, parts 1 & 2, and what the identity ingredients mean.
- The principal rewards or punishes with high and low wages
- Factor in the identity ingredients (social categories, norms & ideals, gains
FINAL EXAM ECO 111C FALL 2005
Multiple Choice (30 points, 2 points each)
Identi) the letter ofthe choice that best completes the statement or answers the question.
Consider the following information concerning the production of lobster dinner
ECO 111 e Spring 2012 Homework 2
Due at the start of class Tuesday February 14, 2012.
For questions 1-10. (5 points each)
i) indicate the letter of the correct ansWer; and
ii) EXPLAIN Why this is the correct answer in 2-3 sentences
1. The demand for h
ECO 111 Final Exam Study Guide Spring 2011
Section 1 Sample True/False and Explain
A binding price oor forces the quantity demanded to be on the inelastic portion of
the demand curve.
If people are likely to s