MGMT 310- Midterm Exam Guide - Comprehensive Notes for the exam ( 41 pages long!)
Document Summary
Matt algino will be the teaching assistant for econ 205 this semester. He will hold office hours on tuesdays between 12:30 p. m. and 1:30 p. m. in. Cross sectional data vs. time series data. Most economic data is cross sectional data. Problems with the economy: inflation, people finding a job. Interest rates are low because inflation is low. What is this class about: people make choices as they try to attain their goals. Economic models: an equity: economists develop economic models to analyze real-world issues. Microeconomics and macroeconomics **: microeconomics is the study of how households and firms make choices, how they interact in markets, and how the government attempts to influence their choices. For example, if you are using a formula to calculate a firm"s revenue and your answer is a negative number, you know you made a mistake somewhere.
