Embedded Files
Review Sheets
Review Sheets
Answers can be found on the last page(s) of the documents.
1: Introduction to Econ & Opportunity Costs
1: Introduction to Econ & Opportunity Costs
Topics: Opportunity cost, Sunk Cost, Marginal Principle, Interdependence Principle.
Please note that answers can be found on the last pages of the document.
2: Marginal Benefit
2: Marginal Benefit
Topics: Marginal Benefit, Willingness to pay/produce, Supply and Demand.
3: Equilibrium
3: Equilibrium
Topics: Equilibrium, Demand Shifters vs Supply Shifters, Elasticity.
4: Equilibrium Disruptors I
4: Equilibrium Disruptors I
Topics: Tax vs Subsidy, Shortage vs Surplus, Price Floor vs Price Ceiling, Quota vs Mandate.
5: Equilibrium Disruptors II
5: Equilibrium Disruptors II
Topics: Shortage vs Surplus, Price Floor vs Price Ceiling, Quota vs Mandate.
6: Consumer & Producer Surplus
6: Consumer & Producer Surplus
Topics: Surplus (Consumer, Producer, Economic), Criticisms of Economic Efficiency, Absolute Advantage vs Comparative Advantage, Roles of Prices, Internal Markets.
8: Different Markets
8: Different Markets
Topics: Rational Rule for Employees & Employers, Labor Demand, Labor Supply, Monopoly/Monopsony, Personnel Economics.
Extra Practice Problems for Week 8
9: Applied Microeconomic Analysis
9: Applied Microeconomic Analysis
Topics: Permanent Income, Intergenerational Immobility, Absolute vs Relative Poverty, Social Insurance, Adverse Selection, Redistribution.
Extra Practice Problems for Week 9
Practice Exams
Practice Exams
Tutor-Specific Resources
Tutor-Specific Resources
UCSB CLAS ECON & STATS
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