William Rainey Harper College ECO 211 Review Online Review Exercises

Unit 1: An Introduction To Economics, Efficiency, and the Market System

• Ch. 1 -- The Nature and Method of Economics and the 5 Es
• Ch. 1 -- The Economizing Problem: Making Choices
• Ch. 2 -- Pure Capitalism and the Market System: The Market and the 5 Es
• Ch. 3 -- Understanding Individual Markets: Demand and Supply
• Ch. 5 -- The Economic Functions of Government and the 5 Es

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Unit 2: Consumer Decisions and Costs of Production

• Chapter 4 Deciding How Much (Elasticity)
• Chapter 6 Consumer Decisions
• Chapter 7 Producer Decisions: Costs of Production

Unit 3: Product Markets: Decision Making and Efficiency

• Ch. 8 and 9 -- Pure Competition
• Ch. 10 -- Monopolies and Inefficiency
• Ch. 11 -- Monopolistic Competition and Oligopoly
• Review All Product Markets

Final Exam
vocabulary