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Midterm

TERM TEST 2 SHORT INTRO AND STATS

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Department
Economics
Course
ECO101H1
Professor
Gustavo Indart
Semester
Summer

Description
TERM TEST 2 SHORT INTRO AND STATS: Topics to be Covered:  Consumer Choice  Derivation of Demand and Substitution and Income Effects  Short Run Product and Costs  Competitive Short-Run and Long-Run Equilibrium  Economic Efficiency The second term test in Furlong’s class consists mostly on Derivation of Demand and Substitution and Income Effects and Competitive Short-Run and Long-Run Equilibrium. In the video tutorials, the topic Competitive Short-Run and Long-Run Equilibrium have been split into two separate lessons, in order teach all of the necessary knowledge to understand how these two topics then interact with each other. On the term test, these topics will be combined and asked in one question. Average Weight of Each Topic on the Term Test:  Consumer Choice 8.00%  Derivation of Demand and Substitution and Income Ef
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