Econ 301
Study Guide
Exam #1
Deiter, F09
Date: F Sept 25, 9:00 a.m.
Location: 2115 Pearson
Material/topics:
Lectures: M
Aug 24 thru M Sept 21
Units: 1, 2,
3 (thru Utility max for perfect substitutes)
In classes
& quizzes: #1 - #4
Format:
Short answer,
problem solving, applications
(similar to
homework and labs)
2 optional
bonus questions (1 pt each)
Hints:
1.
Calculate present values, future values
2.
Budget constraint equation, graph
3.
MRS calculation, utility max perfect substitutes
4.
Supply and demand analysis
5.
Marginal analysis, slope calculations
6.
Market equilibrium and consumer surplus calculations