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Concept Sheet for Test 2(1).pdf

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University of Toronto Mississauga
Kathleen Wong

ECO204: Concept Sheet for Test 2 Comment and Disclaimer: The list below is meant to give you an idea of what I think are important concepts and relationships. This DOES NOT MEAN that all questions on the test will be drawn directly from this list, nor am I saying that other concepts or relationships not listed here will not be asked. IT IS NOT COMPLETE! It is merely a study aid, so you are encouraged to use it if you find is useful; otherwise, please disregard it. If you don’t know what the answer is to the concepts listed below, use your lecture notes as I don’t have written solutions prepared for this list. However, I am willing to meet with you during office hours to go through any questions you may have. When preparing for the test, you should ask yourself not only what each concept means independently, but also whether you understand the relationship between individual concepts listed here. If it helps, ask yourself what types of questions you would put on a test if you were the one responsible for creating the test questions. You can also use this list to help you identify which concepts you need the most help on – you should first focus on and spend the most time on these topics and save the more familiar topics for later. Consumer Behavior  preferences towards risk  utility functions with res
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