Review for the Final Exam

Students should consider the following approach to preparing for the final:

  1. Study all your notes for the entire semester.  Skimming your notes is insufficient.  Students should work through their notes diligently.  They should take time to think carefully about each topic.  Rewriting notes is often very helpful.
  2. Review your old unit exams.  Look at what questions you missed on old unit exams.  Since you're likely to see similar questions on the final, go back and study these trouble spots. You should be able to explain why each right answer is correct and why all the wrong options are incorrect.
  3. Students can use old finals to identify topics that they have not yet mastered.  After studying for many hours, take a couple practice runs at old exams.  Pay attention to what questions you miss.  Go back and study these topics.  Don't spend too much time with these exams. Use them only as an indicator of what topics you have mastered and what topics you still need to study.
  4. Visit me or the department tutorsAfter using your notes and the old finals to identify material you have not yet mastered, seek help on those topics.
  5. Review your book.  Students should go back and review margin notes, highlighted passages, and end-of-the-chapter reviews.  They should also reread any passages that explain topics with which the student is still having trouble.
  6. Study you notes again and again.  See #1 above.

 

Introduction

PPF Model 

Supply and Demand--Basics 

Supply and Demand--Equilibrium and Applications 

Elasticity 

Utility 

Short-Run Production and Costs

Long-Run Production and Costs 

Perfect Competition--Basics 

Perfect Competition--Short Run 

Perfect Competition--Long Run 

Monopoly 

Monopolistic Competition 

Oligopoly

General Imperfect Competition 

 

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