IE 203 • Midterm • Economics for Engineering I

What is Economics?

Ten Principles of Economics Part 1

Opportunity Cost Examples

Marginalism Example

Ten Principles of Economics Part 2

Models and Theories

Normative vs Poistive Economics and Microeconomics vs Macroeconomics

Production Possibilities Model

Trade and Comparative Advantage

Question 1

Question 2

Question 3

Question 4

Question 5

Circular Flow Diagram

Demand & Supply

Demand'i Etkileyen (Shift Ettiren) Unsurlar

Supply'ı Etkileyen (Shift Ettiren) Unsurlar

Market Equilibrium (Piyasa Dengesi)

Equations of Supply and Demand

Question 1

Question 2

Question 3

Question 4

Question 5

Question 6

Question 7

Price Elasticity of Demand

Price Elasticity of Demand Example

Elasticity and Total Revenue

Cross Price Elasticity & Income Elasticity

Tax Incidence

Tax Incidence Example

Tax Incidence Example 2

Question 1

Question 2

Question 3

Question 4

Question 5

Question 6

Question 7

Question 8

Question - Positive and Normative Economics

Question - PPC and Opportunity Cost

Question - PPC and Opportunity Cost

Question - Opportunity Cost

Question - PPC

Question - Production Possibility Frontier

Question - PPC and Opportunity Cost

Question - PPC and Opportunity Cost

Question - Opportunity Cost and PPF

Question - Trade

Question - Absolute and Comparative Advantages

Question - Absolute and Comparative Advantages

Question - Change in Demand

Question - Shortage and Surplus

Question - Market Equilibrium, Shortage and Surplus

Question - Change in Market Equilibrium

Question - Change in Market Equilibrium

Question - Change in Market Equilibrium

Question - Demand

Question - Change in Market Equilibrium

Question - Change in Market Equilibrium

Question - Change in Demand

Question - Change in Demand

Question - Change in Supply

Question - Law of Supply

Question - Market Equilibrium (Demand and Supply)

Question - Law of Supply

Question - Circular Flow

Question - Excess Supply

Question - Market Equilibrium and Disequilibrium

Question - Price Elasticity of Demand 1

Question - Price Elasticity of Demand 2

Question - Price Elasticity of Demand 3

Question - Price Elasticity of Demand 4

Question - Price Elasticity of Demand 5

Question - Price Elasticity of Demand 6

Question - Price Elasticity of Demand 7

Question - Price Elasticity and Total Revenue

Question - Price Elasticity of Demand (Determinants)

Question - Price and Income Elasticity of Demand 1

Question - Price and Income Elasticity of Demand 2

Question - Income Elasticity of Demand

Question - Income Elasticity of Demand 2

Question - Cross Price Elasticity of Demand 1

Question - Cross Price Elasticity of Demand 2

Question - Cross Price Elasticity of Demand 3

Consumer Surplus & Producer Surplus

Deadweight Loss

Price Ceiling

Price Floor

Tax

Question 1

Question 2

Question 3

Import and Export

Import and Export Example

Tariff (Tax on Import)

Question - Demand and Consumer Surplus

Question - Producer Surplus

Question - Equilibrium and Consumer and Producer Surplus

Question - Price Ceiling 1

Question - Price Ceiling 2

Question - Price Ceiling 3

Question - Price Floor

Question - Price Floor 2

Question - Price Ceiling and Price Floor 1

Example - Price Ceiling and Price Floor 2

Example - Price Ceiling and Price Floor 3

Question - Price Ceiling and Price Floor 4

Example - Per Unit Tax

Question - International Trade and Tariffs

Question - Price Elasticity of Demand and Price Ceiling

Externalities

Externalities Example

Coase Theorem & Types of Goods

Question 1

Question 2

Question 3

Question 4

Question 5

Production Process

Short-Run Costs

Short-run Costs Example

Long-run Costs

Question 1

Question 2

Question 3

Question 4

Question 5

Question 6

Question 7

Question 8

Question 9

Question 10

Question 11

Question 12

Question 13

Question 14

Profit Maximization

Perfect Competition

Profit and Loss in Perfect Competition

"Shut down" & "Exit" Decisions

Perfect Competition Example

Question 1

Question 2

Question 3

Question 4

Question 5

Question 6

Question 7

Question 8

Question 9

Question 10

Question 11

Question 12

Question 13

Question 14

Question 15

Question 16

Question 17

Question 18

Question 6 - Externalities

Question 7 - Externalities

Question 8 - Externalities

Question 9 - Externalities

Question - Diminishing Marginal Returns

Question - Diminishing Marginal Returns 2

Question - Diminishing Marginal Returns 3

Question - Marginal Product

Question - Short-run Costs 1

Question - Short-run Costs 2

Question - Short-run Costs 3

Question - Short-run Costs 4

Question - Short-run Costs 5

Question - Return to Scale

Question - Economies and Diseconomies of Scale

Question - Perfect Competition 1

Question - Perfect Competition 2

Question - Perfect Competition 3

Question - Perfect Competition 4

Question - Production Decision in Perfect Competition

Question - Product Decision in Perfect Competition 2

Question - Product Decision in Perfect Competition 3

Question - Product Decision in Perfect Competition 4

Question - Profit Maximization in Perfect Competition

Question - Shut Down Point and Short-run Supply Curve in Perfect Competition

Question - Pareto Optimality