ECON 204 (Section A) • Final • Microeconomics

Utility and Risk Preferences

Exam Type Questions: Utility and Risk Preferences

Exam Type Question: Unceartinty

Asymetric Information and Related Concepts

Production Process (Marginal Product, Average Product, Total Product)

Returns to Scale

Exam like Question 1

Isoquant and Isocost Curves

Cost Minimization and TRS

Exam like Question 2(Lagrange Method)

Exam-like Question 3

Exam-like Question 4

Cost Minimization for Perfect Complements Inputs

Cost Minimization for Perfect Substitutes Inputs

Type of Costs (Fixed Cost, Variable Cost, Marginal cost, Average costs...)

MC, ATC, AVC

Profit Maximization

Perfect Competition

Profit and Loss in Perfect Competition

Örnek Sorular: Profit and Loss in Perfect Competition

"Shut down" & "Exit" Decisions

Pareto Efficiency for Perfect Competition

Exam Type Question 1

Exam Type Question 2

Exam Type Question 3

Example

Question - Short-run vs. Long-run

Question - Production Function 1

Question - Production Function 2

Question - Marginal Product

Question - Marginal Product and Average Product

Question - Returns to Scale 1

Question - Returns to Scale 2

Question - Production Function and Returns to Scale

Question - Isoquant Curves

Question - Isoquant Curves and Returns to Scale

Question - Production Function (Slope of Isoquant and Retunrs to Scale)

Question - Short-run Costs

Question - Deriving Marginal Cost from Production Function

Question - Cost Minimization 1

Question - Cost Minimization 2

Question - Cost Minimization 3

Question - Cost Minimization 4

Question - Perfect Competitive Markets

Question - Production in Perfect Competitive Markets 1

Question - Production in Perfect Competitive Markets (Shut Down)

Question - Business Profit vs. Economic Profit

Question - Short-run Equilibrium in Perfect Competitive Markets

Question - Long-run Equilibrium in Perfect Competitive Markets

Question - Profit Maximization in Perfect Competitive Markets

Market Power

Monopoly

Profit Maximization of Monopoly

Welfare Cost of Monopoly and Regulation

Question - Monopoly

Exam Type Question

Exam Type Question 2

Örnek Sorular - Deadweight Loss and Price Discrimination

Second & Third Degree Price Discrimination-Exam Type Question

Oligopoly

Simultaneous Move Game

Extensive Form Game

Question: Nash Equilibrium

Question: Sequential Move (Extensive Form) Game

Question: Dominant Strategy Equilibrium

Question: Prisoners' Dilemma

Question: Nash Equilibrium

Question: Nash Equilibrium

Question: Backward Induction

Question: Sequential Move (Extensive Form) Game

Uncertainty

Cost Minmization and Perfect Competition

Exam like Question 1 (ATC, MC)

Exam like Question 2 (Graphs for Perfect Competition)

Perfect Competition

Exam Type Question 3 (Lagrange Cost Min.)

Exam Type Question 4 (Monopol)

Exam Type Question 5 (Perfect Compt.)

Perfect Competition

Uncertainty

Convex Isoquant and Cost Minimization

Perfect Substitutes Inputs & Cost Minimization

Return to Scale for Perfect Substitutes Inputs

Cost Function

Cost Minimization

Return To Scale

Supply Curve Of A Firm in Perfect Competition

Uncertainity

Uncertainity 2

Monopoly 1

Monopoly 2

Monopoly 3