EC201 Final Exam -- Chapters 11-16 All Definitions (in margins of textbook; underlined in lectures) Examples of those definitions (where relevant; from book, lecture, or yourself) Most Figures in each chapter (esp. those covered in lectures) Solved Problems in chapters -- 11.4, 11.6, 12.3, 12.4, 12.6, 13.2, 13.3, 14.2, 14.3, 15.3, 15.5, 16.1, 16.2 Tables 11.4, 12.1, 13.2, 14.1, 15.2 Quiz & Homework problems

EC201 Final Exam -- Chapters 1-6 Definitions & examples -- Chap 1: scarcity, trade-off, opportunity cost Chap 2: trade, absolute & comparative advantage Chap 3: demand/supply curve, law of demand, normal good, inferior good, substitutes, complements, quantity demanded/supplied, market equilibrium Chap 4: consumer/producer/economic surplus, marginal benefit/cost, deadweight loss Chap 5: externality (positive/negative) Chap 6: price elasticity of demand/supply, cross-price elasticity, income elasticity of demand, slide 4—PEDs & demand curves

EC201 Final Exam -- Chapters 1-6 Tables – 3.1, 3.2, 6.1, 6.4, 6.5, 6.6 Section 6.2 From Midterm--- Expect problems like those on p.5-6, 8, 14

Price Elasticity of Demand (PED) & Demand Curves (Table 6.1) Demand Curve PED D1 = Perfectly elastic infinity D2 = Elastic > 1 D3 = Unit-elastic 1 D4 = Inelastic < 1 D5 = Perfectly inelastic 0 D1 D2 D3 D4 D5 Also — Price Elast. Of Supply Curves (Table 6.6) – same idea, except sloping upward