William Rainey Harper College ECO 211 Review Online Review Exercises

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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. 4 and 16 -- The Economic Functions of Government and the 5 Es Unit 2: Consumer Decisions and Costs of Production Chapter 6 Deciding How Much (Elasticity) Chapter 7 Consumer Decisions Chapter 8 Producer Decisions: Costs of Production Unit 3: Product Markets: Decision Making and Efficiency Ch. 9 -- Pure Competition Ch. 10 -- Monopolies and Inefficiency Ch. 11 -- Monopolistic Competition and Oligopoly Review All Product Markets Unit 4: Resource Markets: Decision Making, Efficiency, and Equity Ch. 13 -- Competitive Resource Markets and Efficiency Ch. 14 -- Labor Market Models and Efficiency Ch. 21 -- Equity: Income Inequality and Poverty Ch. 22 -- Inefficiency: Unionism, Discrimination, and Immigration Laws Final Exam vocabulary [top]