Study Guides (380,000)
CA (150,000)
WLU (5,000)
EC (400)
EC140 (70)
Study Guide

EC140- Final Exam Guide - Comprehensive Notes for the exam ( 105 pages long!)


Department
Economics
Course Code
EC140
Professor
Ken Jackson
Study Guide
Final

This preview shows pages 1-3. to view the full 105 pages of the document.
WLU
EC140
Final EXAM
STUDY GUIDE

Only pages 1-3 are available for preview. Some parts have been intentionally blurred.

Only pages 1-3 are available for preview. Some parts have been intentionally blurred.

Wednesday January 3rd 2018
EC 140- Lecture 1: Introduction and Chapter 19
Microeconomics vs. Macroeconomics
- Microeconomics is the study of the decisions of individuals, households and
firms, and how they interact in an economy
- Macroeconomics is the study of aggregated economic outcomes such as
inflation, unemployment or economic growth
What is Macroeconomics
- Macroeconomic analysis- trends and fluctuations
Course Overview
Section A- Introduction to Macroeconomics
- Midterm 1: Saturday, January 27th @ 7pm
Section B- A Macroeconomic Model
- Midterm 2- Saturday, March 10th @ 7pm
- Deferred- Friday, March 16th @ 1:30pm
Section C- Problems and Government Policy
- Final exam: TBD during April exam period
All midterms/ exams are cumulative
Section A- Introduction
- Class 1: Introduction- Chapter 1-3, 19
- Class 2: Macroeconomic Variables- Chapter 19
- Class 3: Measurement of National Income- Chapter 20
- Class 4: the simplest Macro Model- Chapter 21
- Class 5: Adding Government and Trade- Chapter 22
- Class 6: Macroeconomic Equilibrium- Chapter 22
- Class 7: Review
find more resources at oneclass.com
find more resources at oneclass.com
You're Reading a Preview

Unlock to view full version

Only pages 1-3 are available for preview. Some parts have been intentionally blurred.

Wednesday January 3rd 2018
Evaluation
- Formative assessment- 70/90+ assignments- 20%
Course outline quiz- due January 27th
Dynamic study modules- before class
Clickers- in-class
Homework assignments- after class
Review quizzes- test/ exam preparations
- Midterm 1, Saturday January 27th 15%
- Midterm 2, Saturday March 10th - 25%
- Final Exam 40%
Missed Evaluation
- Students missing assessment is unavoidable
- Minor assessments
No late submissions, no makeup assessments- complete at least 75/90
- Midterm 1
5% to midterm 2, 10% to final exam
- Midterm 2
Makeup test on Friday march 16th
- Final exam, April Exam Period
Deferred exam period in late may
Scarcity
- Scarcity- the limited nature of society’s resources
- Economics- the study of how society manages scarce resources
- Society- think broadly- people, government, market systems etc
- Essentially all resources are scarce (ie. limited)
- If a resource is scarce of limited- use involves an opportunity cost
Choice
- If resources are scare, society must make choices
find more resources at oneclass.com
find more resources at oneclass.com
You're Reading a Preview

Unlock to view full version