Economic Final Study Guide
TEXT Econ: Microeconomics 5 William McEachern Cengage Learning 5 edition, 2016 ISBN-978-1-305-63194-6 STUDY AID The text book comes with a code that allows you to access online student resources called Econ Online. It includes an interactive ebook, practice quizzes, flashcards, and learning videos. Using Econ Online is optional. Some students may find it very helpful in learning the material. To access Econ Online, click. This will take you to the login page. TUTORING The economics department provides free tutoring services for students who would like additional assistance in learning the course material.
The tutors are located in Pray-Harrold Hall, room 708, Monday through Thursday 9:00 am to 6:00 pm, and Friday 10:00 am to 2:00 pm. The Holman Success Center also provides free tutoring for students in the free tutoring center in Halle Library. HANDOUTS These are links to handouts. Handout Description Course syllabus for winter semester 2018 Production function with two variable inputs Production function with one variable and one fixed input Measures of short-run total, average, and marginal cost Perfect competition in short-run and long-run Monopoly in short-run and long-run EXAMINATION STUDY QUESTIONS These are links to study questions designed to prepare you for the examinations.
Midterm exam #1 study questions. Click for Word file. Midterm exam #2 study questions. Click for Word file. Final exam study questions. Click Word file. EXAMINATION DATES AND KEYS These are the scheduled dates for the exams.
Midterm exams will not be given before these dates, but may be changed to a later date. Any change will be posted in advance. Exam Date Time Material Covered Midterm 1 Thursday, February 8 2:00-3:15 Chapters 1-5, lecture material Midterm 2 Thursday, March 22 2:00-3:15 Chapters 6, 7, lecture material Final exam Tuesday, April 24 1:30-3:00 Chapters 8,9,10, lecture material These are the grade keys for the three exams and final grade. Each exam is 40 questions. Each question is one point.
The final grade is based on a possible total of 120 points. If an exam is graded on a curve, the key for that exam and the key for the final grade will be updated. Midterm 1 Midterm 2 Final Exam Final Grade Grade Points Grade Points Grade Points Grade Points A 35-40 A 35-40 A 34-40 A 104-120 B+ 101-103 B 31-34 B 31-34 B 29-33 B 91-100 C+ 88-90 C 24-30 C 24-30 C 23-28 C 71-87 C- 65-70 D+ 63-64 D 19-23 D 19-23 D 18-22 D 55-62 D- 50-54 F Below 19 F Below 19 F Below 18 F Below 50 EXAMINATION SCORES Click for the page with examination scores.
LECTURE OUTLINES These are links to lecture outlines for main topic areas covered in the class. Students may find these outlines useful in organizing their lecture notes. QUESTIONS FREQUENTLY ASKED BY STUDENTS Q: Are examinations ever graded on a curve? A: The professor reserves the right to curve an exam if it is appropriate. If an exam is graded on a curve, it will be announced in class and posted on the grade key above. The final grade key will also be changed to incorporate the test curve.
Q: Do students have the option to do additional work for extra credit? Extra credit is not an option in this class. Q: Are students required to attend class? A: Class attendance is not recorded; however, it is strongly recommended that students attend class. It is difficult to learn the course material from the text book alone. Students who attend class regularly tend to have the best outcomes.
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Q: Can students get answers to the study questions before the review session and exam? The study questions are designed to prepare students for the exam by providing representative questions and highlighting important material. To provide students with an incentive to carefully work through the study questions to learn the material, a subset of these questions will appear on the exam verbatim. To eliminate the incentive for students to memorize answers, rather than learn material, answers to all questions are not given. However, I will explain answers to about 15 to 20 questions requested by students during the review session the class prior to the exam.
Students are encouraged to work together on the study questions in preparation for the exam. Q: Are students allowed to take the final exam early? The final exam for all students will be given at the scheduled date and time.
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