Temple University Department of Economics

Date and Day	Reading / Slide Show	Review Questions	Other	Practice Problem Sets
1/23/2008 Wednesday	Chapter 1: Economics: Foundations and Models	RQ 1	Graphs: Slopes and Intercepts and Down and to the Right?	Introductory Problems Answer Key
1/25 Friday	Chapter 2: Trade-offs, Comparative Advantage and the Market System Notes 1	RQ2	Production Possibility Frontiers: Movements and Shifts Importer or Exporter? Absolute and Comparative Advantage The Gains from Trade	Comparative Advantage Answer Key
1/28 Monday	Continuation from 1/25			Scarcity Answer Key
1/30 Wednesday	Continuation from 1/25
2/1 Friday	Continuation from 1/25
2/4 Monday Last day to drop.	Chapter 3: Where Prices Come From: The Interaction of Supply and Demand	RQ 3	1. A change in the quantity demanded, 2. A change in the quantity supplied, 3. Find the Equilibrium. 4. A change in demand 5. The effect of a change in demand, on equilibrium 6. A change in supply 7. The effect of a change in supply on equilibrium	Two Country Trade Answer Key
2/6 Wednesday	Continuation of 2/4			Equilibrium Answer Key
2/8 Friday	Continuation of 2/4
2/11 Monday	Continuation of 2/4
2/13 Wednesday	Chapter 4: Economic Efficiency, Government Price Setting and Taxes	RQ 4 RQ Efficiency	Price Ceiling Price Floor The Incidence of Taxation Efficiency and Taxes Taxes and Elasticities Taxes: Who Pays? Measuring Consumer Surplus Measuring Producer Surplus	Markets, Taxes and Efficiency Price Ceilings and Efficiency Consumer Surplus Answer Key
2/15 Friday	Continuation of 2/13
2/18 Monday	Review for exam		Cafe Hayek
2/20 Wednesday	First Hour Exam Sample 1 Sample 2 Answer Keys: Exam One, Two, Three, and Four Fall 2005: Version A, Version B, Version C Fall 2006 Answer Keys: Version A, Version B, Version C, Version D
2/22 Friday	Go over answers to exam		Cafe Hayek
2/25 Monday	Chapter 6: The Responsiveness of Demand and Supply Elasticity Applications	RQ Elasticity	Elasticity: Part 1 and Part 2 and Part 3
2/27 Wednesday	Chapter 9: Consumer Choice and Behavior		How Many Should You Buy Getting the Most for Your Money	Utility Maximization Answer Key
2/29 Friday	Chapter 10: Technology, Production, and Costs		Production from one variable input Fixed, Variable and Total Costs Production, and Average and Marginal Costs	Production with 1 Input Answer Key
3/3 Monday	Continuation of 2/29
3/5 Wednesday	Continuation of 2/29
3/7 Friday	Chapter 11: Firms in Perfectly Competitive Markets	RQ Perfect Competition RQ Profit	Competitive Output	The Competitive Paradigm Answer Key
3/10 - 3/14 Monday - Friday	Spring Break
3/17 Monday	Continuation of 3/7
3/19 Wednesday	Continuation of 3/7
3/21 Friday	Chapter 12: Monopolistic Competition			Monopolistic Competition Answer Key
3/24 Monday	3/21 Continued
3/26 Wednesday	Chapter 13: Oligopoly Should we act upon the alleged global warming: An application of game theory	RQ Games	Monopoly Output and Price
3/28 Friday	3/26 Continued
3/31 Monday Last day to get WP	Review for 2nd Exam
4/2 Wednesday	Second Hour Exam Key to version A Key to version B Sample 1 Sample 2 Fall 2005: Version A, Version B, Version C Fall 2006: Version A, Version B, Version C, Version D
4/4 Friday	Review the results of the exam.
4/7 Monday	Chapter 14: Monopoly and Antitrust	RQ Monopoly		Price and Output under Monopoly Answer Key Regulation Answer Key
4/9 Wednesday	Chapter 15: Pricing Strategy
4/11 Friday	Chapter 16: The Markets for Labor and Other Factors of Production	RQ Labor	Competitive Labor Markets Monopsony	Labor Demand in competitive markets Key
4/14 Monday	Continuation of 4/11			Input Demand Answer Key Imperfect Labor Markets and Efficiency Key
4/16 Wednesday
4/18 Friday	Chapter 5: Externalities and Public Goods	RQ Externalities		Externalities Answer Key Externalities and Efficiency Answer Key
4/21 Monday	Continuation of 4/18
4/23 Wednesday	Continuation of 4/18	RQ Public Goods		Public Goods Answer Key Public Goods and Efficiency Answer Key
4/25 Friday	Continuation of 4/18
4/28 Monday	Chapter 8: Comparative Advantage and the Gains from International Trade	RQ Trade	The Gains from Trade	Trade in VCR's Answer Key Trade and Efficiency Answer Key
4/30 Wednesday
5/2 Friday	Further Reflections on Comparative Advantage and Trade
5/5 Monday	Third Hour Exam For sample questions see the following: Sample 1 Sample 2 Sample 3, Sample 4, Sample 5, Sample 6 Since these are final exams from prior semesters not all of the questions are relevant to you.
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