ECON 200 Study Guide - Final Guide: Absolute Advantage, Monopolistic Competition, Economic Surplus

• School: University of Arizona
• Department: Economics
• Course: ECON 200
• Professor: Steven Reff

Document Summary

Final review sheet: you are able to write as many notes on both sides as you want to on this sheet of paper and bring this sheet to the final exam to use while you are taking the exam. I"ll be working on this all day today (friday, december 6) to help ensure your success on the final exam. What is the distinction between positive and normative economics? (shown at the end of the link) http://www. reffonomics. com/textbook2/microeconomics2/swiftfile/terms. swf. You will be given a chart to figure out opportunity cost. Opportunity cost (2 questions) http://www. reffonomics. com//trb/chapter1/ppcurve19. swf http://www. reffonomics. com/trb/chapter1/ppcurve1. swf http://www. reffonomics. com/trb/chapter1/ppcurve2. swf http://www. reffonomics. com/trb/chapter1/ppcurve3. swf http://www. reffonomics. com/trb/chapter1/ppinteractive. html http://www. reffonomics. com/trb/chapter1/ppinteractive2. html http://www. reffonomics. com/trb/chapter1/ppinteractive/ppinteractive2010a. html. Determinants of demand http://www. reffonomics. com/trb/chapter4/demandinteractivechart. swf http://www. reffonomics. com/trb/chapter4/supplyinteractivechart. swf http://www. reffonomics. com/trb/chapter4/quantitysupplied. swf http://www. reffonomics. com/trb/chapter4/quantitydemanded. swf http://www. reffonomics. com/trb/chapter4/sdshiftsbuttons. swf. Utility, marginal utility, marginal utility per dollar spent http://www. reffonomics. com/trb/chapter6/utility5. swf http://www. reffonomics. com/trb/chapter6/utilityinteractive1. swf. Graph question of a price ceiling/price floor http://www. reffonomics. com/trb/chapter5/pricefloorceiling/pricefloorceiling2. html. Inelastic demand and a price increase http://www. reffonomics. com/trb/chapter5/elasticityofdemandpart5a. swf http://www. reffonomics. com/trb/chapter5/elasticitythe5thtestelasticitycoefficienttestpart2a. swf http://www. reffonomics. com/trb/chapter5/elasticityinelasticunitelasticelasticpart3a. swf http://www. reffonomics. com/trb/chapter5/elasticityandchangeinsupplytrtepart4a. swf http://www. reffonomics. com/trb/chapter5/elastictytestyourknowledgea. swf. Price increases or decreases and total revenue increases or decreases. Know what happens to the other firms" demand curve if entry occurs.