The following is the study guide I generally give to students in preparation for the final quiz. Elasticities and most market structure questions are left off of the final quiz, because it focuses more on intuition and policy. It also doesn't go into detail for specific questions, but if you understand all of the concepts then you have a firm grasp of introductory microeconomics.
· Review the circular flow diagram; understand what each of the boxes represent and why they are there (households, firms, etc.). Know how/why they interact with each other.
