Econ 301

Study Guide

Final Exam

Deiter, F09

Date: F Dec 18, 7:30 – 9:30 a.m. (i.e. set two alarms!)

Location:

2115 Pearson, regular classroom

Material/topics:

COMPREHENSIVE =>

Lectures: ALL

Units: ALL

Readings & homework: ALL

In classes & quizzes: ALL

More weight put on more recent topics

Weight in course grade: 25%

Format:

22 short answer Q’s: answer any 20 of 22

Hints:

1. Calculate profit-maximizing P for a P setting firm

2. Calculate profits, P setter, Q discount strategy

3. Given production function, derive isoquant equation

4. Derive SR TC equation given prod fn and input prices

5. Derive minimum LRTC of producing given Q (math or graph)

6. P discrimination strategy

7. Inter temporal consumer choice problem

8. Find min or max of a function

9. Applied marginal analysis problem

10. Application of consumer utility max

11. Two part pricing strategy

12. Calculate P elasticity value given D equation

13. Profit maximizing input level problem

14. Break even/stay even Q calculation

15. Graphical problem of minimizing LR production costs

16. Applied MR = MC pricing problem

17. Homework problem from Unit 8

18. Time value of money applied to saving

19. Identify an inferior good in a utility maximizing graph

20. Multi plant, SR production problem