Wednesday, May 09, 2007

Study Outline for Final

The Following Topics will appear on the final

Supply and Demand
Elasticity
Market Failure (not government failure though)
The 4 market models (PC, Monopoly, Monopolistic Competition, Oligopoly)
Free Trade (in the form of the take home quiz and multiple choice.

All the other topics will not be explicitly tested in multiple choice or part 2 problems. However, you should still have some familiarity with production theory in so much as it is used for the market models (so you can't ignore Marginal Cost, but I won't be asking you to calculate it).

1 comment:

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