1st Edition
ECON 202: Prin Of Economics
School: Texas A&M University (TAMU )
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Pages: 4What to review for the final exam; includes terms from chapters 1-13.
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Pages: 2Types of Industries are reviewed, including Perfectly Competitive, Monopoly with and without price discrimination, Monopolistic Competition, and Oligopoly.
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Pages: 2Discuss the Cournot - Nash Model of Oligopoly which is based on game theory.
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Pages: 2Discussed Game Theory in order to understand Oligopoly better in later letters.
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Pages: 3Discuss Monopolistic Competition and compare it to Perfect Competition
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Pages: 3Discuss Price Discrimination as compared to single price Monopolies and Perfect Competition.
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Pages: 2Discuss monopolies and how they compare to perfectly competitive markets.
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Pages: 3Discuss Perfectly Competitive Markets in the Long Run and begin discussion of Monopolies - causes and types.
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Pages: 2Discuss the different way profit can be modeled in the Short Run in a Perfectly Competitive Industry.
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Pages: 3Discuss how firms operate in perfectly competitive industries.
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Pages: 3Discuss production terms and begin discussion of cost measurements.
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Pages: 4Finished discussion of Public Goods and Began discussion of chapter 8.
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Pages: 3Discuss the affect elasticity has on tax incidence and deadweight loss, and begin discussion of Market inefficiencies.
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Pages: 3Finished discussion of price controls and began explaining why markets are efficient.
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Pages: 3Finish discussion of elasticity and begin discussion of price controls.
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Pages: 5Chapters 1-4: covers the basics of microeconomics, Production Possibilities Frontiers, Opportunity Costs, Specialization and Trade, Supply and Demand, and Elasticity.
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Pages: 3Continue discussion of elasticity, particularly different types of demand elasticities.
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Pages: 3Finish discussion of Comparative Statics and begin discussion of elasticity.