ECON 205- Final Exam Guide - Comprehensive Notes for the exam ( 36 pages long!)
Document Summary
***remember problem sets on course documents and make sure you read chapters before class. Test on sept. 19 on chapters 1-3, 6. Chapter 6: elasticity: the responsiveness if demand and supply: the price elasticity of demand and its measurement. The determinants of the price elasticity of demand. The relationship between price elasticity of demand and total revenue. Other demand elasticities: using elasticity to analyze the disappearing family farm. Test on sept. 19 on chapters 1-3, 6 next class. The number in the parentheses refers to the slide number. Chapter 2: do not worry about trade. Have a sense of the circular-flow diagram (22&23) Chapter 6: elasticity: price elasticity, memorize formulas, (6, (2) determinants, (23, (25, relationship between elasticity and revenue (26, other elasticities, (42, supply is affected by time, summaries, bottom slides. Lecture 7: firms, stock market and corporate governance.
