ARE 1150- Final Exam Guide - Comprehensive Notes for the exam ( 103 pages long!)

• School: UConn
• Department: Agricultural and Resource Economics
• Course: ARE 1150
• Professor: Emma Bojinova

Document Summary

Table of contents: chapter 1 welcome to economics & appendix a: the use of mathematics 1. Appendix a: the use of mathematics in principles of economics 3. Past exam/exercise questions 5: chapter 2 & chapter 19 choice in a world of scarcity & international trade 6. An overview of barriers to international trade 10. Past exam/exercise questions 10: demand and supply (sections 1-3) 14. Shifts in demand and movement along the demand curve 15 (cid:1007). (cid:1008). Shifts in supply and movement along the supply curve 17. Putting demand and supply together: the market 19. Chapter 1 welcome to economics & appendix a: the use of. Economics is the discipline studying the choices people make given the limited resources. There are three key economic ideas: economics agents are rational, they respond to incentives, and make optimal decisions at the margin. The (cid:373)ai(cid:374) pro(cid:271)le(cid:373) of e(cid:272)o(cid:374)o(cid:373)i(cid:272)s is to satisf(cid:455) people"s (cid:449)a(cid:374)ts with scarce resources.