Midterm 1 material

• Production Possibilities:
  1.1a. Handout 1: The Production Possibilities Curve model
  1.1b. Handout 2: Increasing vs Constant Opportunity Cost
  1.1c. Handout 3: Comparative Advantage Example

• Demand and Supply:
  1.2a. Handout 1: The Demand and Supply Curve model
  1.2b. Handout 2: Using algebra to calculate P* and Q*
  1.2c. Handout 3: Shifts in Demand and Supply I
  1.2d. Handout 4: Shifts in Demand and Supply II
  1.2e. Handout 5: Market Dynamics and Surges in Demand

• Elasticity:
  1.3a. Handout 1: General Overview of Elasticity
  1.3b. Handout 2: Calculating and Interpreting Elasticity
  1.3c. Handout 3: Interpretation of Elasticity Summary
  1.3d. Handout 4: Own-Price Elasticity and Total Revenue

• Demand and Supply II:
  1.4a. Handout 1: Price Ceilings
  1.4b. Handout 2: Do Price Ceilings make us better off?
  1.4c. Handout 3: Tax Incidence Example: Who Pays the Tax?

• Price Theory:
  1.5a. Handout 1: Consumer Equilibrium
  1.5b. Handout 2: Net Benefit and Deadweight Loss