Econ final notes - Study guides, Class notes & Summaries

Study Outline for Econ S10b Midterm Exam Harvard University, Summer School Note: The assigned readings are potential sources for exam questions. I will NOT ask narrow factual questions about these readings, but you should be able to relate their main arguments to the material we have discussed in class. Note: The following outline does NOT cover everything we have studied in the class. All concepts and applications that we have discussed in class are possible exam topics. Good items to st...

Macro Econ Midterm Notes

Study Outline for Econ S10b Midterm Exam Harvard University, Summer School Note: The assigned readings are potential sources for exam questions. I will NOT ask narrow factual questions about these readings, but you should be able to relate their main arguments to the material we have discussed in class. Note: The following outline does NOT cover everything we have studied in the class. All concepts and applications that we have discussed in class are possible exam topics. Good items to st...

ECON1102 Macroeconomics Summary otes What is Macroeconomics? Macroeconomics is concerned either with the economy as a whole or with the basic subdivisions or aggregates that make up the economy. Microeconomics is the study of individual choices and group behaviour in individual markets, analysing how choices inform market forces and price signals. LN1 Measuring Macroeconomic Performance: Output and Prices Ch3: The main indicators of macroeconomic performance include: Rising living stand...

ECON 104 HOMEWORK 2 QUESTIONS AND ANSWERS Darryl's profit from selling dried apricots is: Fannie’s profit from selling fresh apricots is: Use the income approach to calculate nominal GDP. Fill in the blanks in the table below. Enter numbers with no commas, no dollar signs and no decimals. For example, if your answer is $12,000 you would enter 12000 into the appropriate box. Now let’s use the expenditure approach to calculate nominal GDP. So here we will add up all consumer spending on FINAL...

Econ 121 Final Exam Review ● Chapter 1 Quick Check: 1. Accounting is the information system that… 2. Which of the following is not an external user of a business’s financial system? 3. Generally Accepted Accounting Principles (GAAP) are currently formulated by the… 4. Which type of business organization is owned by only one owner? 5. Which of the following characteristics best describes a corporation? 6. Which of the following requires accounting information to be complete, ne...

ECON 444 Homework 7 Problem Set 7 Answers (Penn State University) Problem 1. TomsonBook is the monopoly publisher which produces the textbook “Corporate Economics.” TomsonBook sells in two separate markets, domestic market and international market. The inverse demand function in domestic market is pD =500−qD while the inverse function in international market is pI =400−qI. The firm’s total cost function is c(qD qI)=(qD qI)2. The firm is able to price discriminate between the two ...