Study guide schedule
Economic 107 : Macroeconomics
Week 1 :Chapter 1 :What is Economics
Define Economics – Micro Versus Macroeconomics -- Economic
Questions –Factors of production – self interest and social interest .
Pp 1-4 ,Problems :1-4 .
Week .2 : Chapter 2 : The Economic Problem
Define PPF – Calculate the Opportunity Cost – Production Efficiency –
Increasing opportunity cost – Production efficiency and allocative efficiency -Economic Growth .
Pp 38 – 39 .Problems : 1-4 .
Week 3 ;Chapter 3 : Demand and supply
Demand – The law of Demand – Demand curve and Demand schedule – A
Change in quantity demanded versus change in demand .
Pp 59-63 .
Week 4 :Chapter 3 . Supply :
Supply _ the law of supply _ A change in quantity supplied versus change in Supply
Pp 64 – 67 .
Week 5 : chapter 3 :Market Equilibrium :
Price as regular – Price Adjustments – Predicting changes in price and quantity .
Pp 68 – 72 .
At the end of chapter 3 the student must be able to answer the
problems and applications # :1, 2 , 5, 7 ,8 ,10,11 ,23 .
Week 6 ; Chapter 4: Elasticity
Price elasticity of demand .
More Elasticities of Demand .
At the end of chapter 3 the student must be able to answer the
problems # :1. 2. 3, 4, 5 .
Week 7 ; Quiz one . Chapter 8 : Utility and Demand
A -The exam would cover the first three chapters.
B -Utility and Demand .PP 182 - 186
The household,s Budget - Preferences and utility – Maximizing Utilities
Week 8 ; chapter 8 : Utility and Demand
Prediction of marginal utility Theory – Derivation of Demand curve – Marginal
utility theory .
At the end of this chapter the students would be able to answer the
problems and applications # ; 1, 2, 3, 4 , 5 ,9 ,10 .
Week 9 ; Chapter 11: Output and Cost
Decision time frames – short run technology constraint – product schedule and
product curves .pp252-256
Week 10; Chapter 11 : output and cost
Short Run Cost – total cost – marginal cost - average cost – cost Curves and
product Curves .PP 257-261.
At the end of this chapter the students would be able to solve the problems # :
1, 2 ,3 , 4 , 5 .
Week 11 ; Chapter 12:Perfect competition :PP.276-279
What is perfect competition ?- The firm,s Decisions in perfect competition :Profit –
maximizing output ,Marginal analysis ,Profit and losses in the short run .
Week 12 ,Quiz two and Chapter 12 ; Perfect competition
Output ,Prices and Profit in Perfect competition :Short-run equilibrium ,a change in
demand ,long –run adjustments Entry and exit .
At the end of this chapter the students would be able to solve the problems # :
1 , 2, 3, 4 .
Week 13; The commodities Markets :
According to the syllabus the studens would have a review to the
following chapters and pages :
1.chapter 10 Pp237-238
Perfect competition ((Definitiom & conditions))- .
2.Chapter 12, pp 274-275
Monopolistic competition (Definitiom & conditions).
3.chapter 14,P 324
4.Oligopoly (Definitiom & conditions).
Chapter 15 ,PP 342 - 343
5.Monopoly (Definitiom & conditions).
Chapter 13 ,PP 300 - 301
Week 14 ; General Revision and Exercises