CLEP Microeconomics Study Plan by xiaoyounan

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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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