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CLEP Prep for Principles of Microeconomics Microeconomics DeMystified: A Self Teaching Guide by Craig A. Cyber Economics Chapters and Review Power of Economics Depken, II http://ingrimayne.com/econ/TOC.html http://web.gsm.uci.edu/~navarro/download.htm Week 1 Chapter 1 The Language of Economics What is Economics? Lecture 1 Chapter 2 Math Review Week 2 Chapter 3 Production and Growth Actions and Results Lecture 2 The Individual and The Group Week 3 Chapter 4 Demand and Supply The Model of Supply and Demand Lecture 3 & 4 Week 4 Chapter 5 Elasticity Elasticity and Revenue Week 5 Chapter 6 Consumer and Producer Surplus Rationing and Allocating Week 6 Chapter 7 Utility The Logic of Choice Maximizing Behavior Week 7 Chapter 8 Theory of the Firm The Firm and Its Constraints Lecture 5 Chapter 9 Perfect Competition Maximizing Profits Efficiency Information, Risk & Exclusion Week 8 Chapter 10 Theory of Monopoly Monopoly and Efficiency Lecture 6 Week 9 Chapter 11 Monopolistic Competition and Oligopoly Transport Costs and Borders Lecture 7 Week 10 Chapter 12 Factor Markets Lecture 8, 9, 10 Week 11 Chapter 13 Market Failure and Govt Intervention in Markets Government and Efficiency Lecture 11, 12, 13, 14, Problems in Resource Markets Week 12 Practice test/flashcards Use Peterson's and REA practice tests; see Instantcert discussion forum for free links to Peterson's tests Suggested Study Plan Day 1 Read Depken and take chapter quiz Day 2 Read Cyber Econ, do review, quiz Day 3 Listen to Power of Econ lecture Day 4 Review Instantcert flashcards Day 5 Review Instantcert flashcards Suggested Study Plan • Read first assigned chapter • Key Concepts/Key Thinkers in the Study Day 1 Guide • Read second assigned chapter • Key Concepts/Key Thinkers in the Study Day 2 Guide • Practice Test for first chapter you read this week • Create five PowerPoint flashcards for the Day 3 chapter • Practice Test for second chapter you read this week • Create five PowerPoint flashcards for the Day 4 chapter • Attend Class and present flashcards Day 5 In our weekly meetings, we will review the assigned chapters and complete the Microcase exercises online together. Each student will present his/her flash cards to the group.
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