Mizzou ECONOM 1051 - Exam Review Day (2 pages)

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Exam Review Day



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Exam Review Day

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Example of essay questions


Lecture number:
19
Pages:
2
Type:
Lecture Note
School:
University of Missouri
Course:
Econom 1051 - General Economics
Edition:
1
Documents in this Packet

Unformatted text preview:

ECON 1051 1nd Edition Lecture 20 Outline of Last Lecture I Government Policies to Deal With Positive Externalities II Government Policies to Deal With Negative Externalities III Pigouvian Taxes Outline of Current Lecture I EXAM REVIEW Short Essay Questions Current Lecture I EXAM REVIEW Short Essay Topics a Opportunity cost with use of examples b Supply and demand If an event happens in the market what would happen to price and quantity c Adverse selection and moral hazard with examples of each d Externalities and how does the government internalize positive and negative externalities e Price ceiling floor with a specific case and determining how each party would benefit f An example of two countries trading and determining how each would benefit using opportunity cost and PPF These notes represent a detailed interpretation of the professor s lecture GradeBuddy is best used as a supplement to your own notes not as a substitute



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