Assessment

We will use this page to post worksheets related to applications style assessments.

This will be very useful for students as they prepare for their final paper Three exams.

Here is a Study Guide for the entire Syllabus.

Supply/Demand & Equilibrium

This worksheet covers plotting a demand curve and supply curve from a schedule, determining equilibrium and other market data while in equilibrium...and then when not in equilibrium. FUN!!! (price floors and ceilings are done here)

Government Intervention

Tax Prax (Tax practice)

Subsidy Practice

Elasticities

This document explains all the elasticities you will need with a few practice questions for each. NOTE: You do not need to know cross PED which is covered on page 3 of this document.

Elasticity Practice (with key): Ignore Cross PED

Theory of the Firm

Calculating Costs, Revenue & Profits for data.

Costs, Revenue & Profits for a firm in perfect competition.

Costs, Revenue & Profits for a firm in imperfect competition.

Macroeconomics

Calculating National Income

Real GDP, Inflation, Growth and Unemployment

Weighted Price Index Practice