May 24, 2004

Strategy for an Exam

For each of the following elements, you should know how to draw and explain the diagram/equations. If you want to score more points, you should be able to play shift the curves.

Theory of the Consumer
Two Goods - Two Prices

Theory of the Firm
U-Shaped Average Cost Curves

Why did we do these two exercises?

The Classical Model
Production Function
Labor Supply and Demand
AS & AD
Loanable Funds
Labor-Leisure (the 5th diagram)

The Simple Keynesian Model
Diagram
Equations

Posted by bparke at May 24, 2004 10:07 PM