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ECON 2106 Principles of Microeconomics

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    Banzhaf, DOYLE, Staff, rex, Choi, Cassilo, Cesur, Ferraro, Hunt, Frost, EricBrunner, AbelB.Embaye, AmandaL.Wilsker, AntonioV.Saravia, ShelbyD.Frost, online, heutel, NareshMallick, Mohammed Husain, Xu Tang, tsang, CaryCruz Bueno, BrianA.Hunt, kwok, Kyle Mangum
  • Average Course Rating (from 5 Students)

    4.4/5
    Overall Rating Breakdown
    • 5 Advice
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    • 4
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    • 3
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    • 2
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    • 1
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  • Course Difficulty Rating

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    • Medium 100%

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  • Top Course Tags

    Always Do the Reading

    Great Intro to the Subject

    A Few Big Assignments

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Principles of Microeconomics Questions & Answers

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Principles of Microeconomics Questions & Answers


Principles of Microeconomics Flashcards

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  • 24 terms

    Term:

    revenue=

    Definition:

    price x quantity

    • Ch 8: Business Costs and Production
    • 24 terms
    • Vocabulary for Ch 8: Business Costs and Production. Find, create, and access Microeconomics, flashcards with Course Hero.
  • 23 terms

    Term:

    internal costs

    Definition:

    costs paid by the individual

    • Ch 7: Market Inefficiencies: Externalities and Public Goods
    • 23 terms
    • Vocabulary for Ch 7: Market Inefficiencies: Externalities and Public Goods. Find, create, and access Microeconomics, flashcards with Course Hero.
  • 13 terms

    Term:

    Monopoly

    Definition:

    single seller set price for a good significant barriers to entry

    • Ch 10: Understanding Monopolies
    • 13 terms
    • Vocabulary for Ch 10: Understanding Monopolies. Find, create, and access Microeconomics, flashcards with Course Hero.
  • 16 terms

    Term:

    Competitive Markets

    Definition:

    many buyers/sellers similar goods Free entry/exit firms are price takers MR curve will always be HORIZONTAL

    • Ch 9: Firms in a Competitive Market
    • 16 terms
    • Vocabulary for Ch 9: Firms in a Competitive Market. Find, create, and access Microeconomics, flashcards with Course Hero.
  • 10 terms

    Term:

    utility

    Definition:

    measure of relative levels of satisfaction consumers enjoy from consumption of a good or service numerically quantified by a unit of happiness called a util

    • Ch 16: Consumer Choice
    • 10 terms
    • Vocabulary for Ch 16: Consumer Choice. Find, create, and access Microeconomics, flashcards with Course Hero.
  • 8 terms

    Term:

    Monopolistic Competition

    Definition:

    free entry/exit many different firms product differentiation some market power

    • Ch 12: Monopolistic Competition
    • 8 terms
    • Vocabulary for Ch 12: Monopolistic Competition. Find, create, and access Microeconomics, flashcards with Course Hero.
  • 7 terms

    Term:

    price ceiling

    Definition:

    maximum price shortage

    • Ch 5: Price Controls
    • 7 terms
    • Vocabulary for Ch 5: Price Controls. Find, create, and access Microeconomics, flashcards with Course Hero.

Principles of Microeconomics Advice

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    • Profile picture
    Mar 08, 2017
    | Would recommend.

    Not too easy. Not too difficult.

    Course Overview:

    This seems like a very good document and course. Detailed and explains each category.

    Course highlights:

    I learned more about economics

    Hours per week:

    3-5 hours

    Advice for students:

    Definitely read your book and study constantly

    • Winter 2017
    • Banzhaf
    • Profile picture
    Mar 08, 2017
    | No strong feelings either way.

    Not too easy. Not too difficult.

    Course Overview:

    Even though microeconomics seemed really hard, Professor Mangum made it very understandable. I enjoyed his lectures and felt very comfortable with the material.

    Course highlights:

    I enjoyed the powerpoint slides because they were very descriptive and a helpful study tool. The homework was also very helpful to me.

    Hours per week:

    3-5 hours

    Advice for students:

    Make sure you go to SI if you are confused about anything and pay close attention during lectures. The book and the homework help alot so make sure to read before lectures and do homework with enough time to go through and understand the problems.

    • Spring 2015
    • Kyle Mangum
    • Yes
    • Great Intro to the Subject Always Do the Reading Many Small Assignments
    • Profile picture
    Nov 28, 2016
    | Would highly recommend.

    Not too easy. Not too difficult.

    Course Overview:

    The professor posts all his powerpoints online, and provide many practice questions to study before the exam. He also provides extra credit assignments to gain points on the exam.

    Course highlights:

    I gained more knowledge regarding the economy, and learned how the basics of the economy flow together to perform macroeconomy.

    Hours per week:

    3-5 hours

    Advice for students:

    Study and do all the questions is the only way to gain a higher grade.

    • Fall 2016
    • BrianA.Hunt
    • Yes
    • Background Knowledge Expected Great Intro to the Subject Always Do the Reading

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