ECN 204 Midterm: Note on the Midterm Exam Fall 2014.docx
Document Summary
Please bring your id, a calculator, pencils and erasers to the exam. Material: lecture 1 to lecture 6 (up to slide #18) or chapter 1, appendix to chapter 1, Chapter 2 and chapter 4 to chapter 9. 2. Materials that never covered in the lecture will not be on the exam. Practice questions: lyryx labs 1-6, connect quiz 1 and 2 and additional questions posted on the blackboard. The following list is a summary from each lecture regarding the most difficult content/material. If you have any questions, please feel free to ask me. Lecture one: microeconomics and macroeconomics, microeconomics looks at specific economic units. a) It is concerned with the individual industry, firm or household and the price of specific products and resources. b) It is an examination of trees, and not the forest. B. macroeconomics examines the economy as a whole. a) It includes measures of total output, total employment, total income, aggregate expenditures, and the general price level. b)
