Midterm 1 - Comprehensive Review Cheatsheet

Content locked

The catalog is public. Reading this content requires approved access.

Part 1: Scarcity, opportunity cost, and economic reasoning (Lecture 1)

Part 2: Production possibilities and comparative advantage (Lecture 2)

Part 3: Demand, supply, and curve shifts (Lecture 3)

Part 4: Market equilibrium and comparative statics (Lecture 4)

Part 5: Consumer surplus, producer surplus, and efficiency (Lecture 5)

Part 6: Elasticity (Lecture 6)

Part 7: Estimating demand and consumer surplus (Lecture 7)

Part 8: Price controls and quotas (Lecture 8)

Part 9: Taxes and incidence (Lecture 9)

Part 10: Trade, tariffs, and subsidies (Lecture 10)

Formula and diagram checks

Study questions

Question 1

Question 2

Question 3

Question 4

Question 5