Questi

on
1
2

Chapter

Key words

Chapter 1: Study of economics

Chapter 1: Study of economics

3
4

Chapter 2: Individual choice

Chapter 2: Individual choice

5
6

Chapter
Chapter
the firm
Chapter
Chapter

Production Possibility Frontier, efficiency

Production Possibility Frontier, technological
development
cross price elasticity
price elasticity of the demand, complements,
gross substitutes
inferior good; nominal income; world of two goods
constant returns to scale; MP; MC

7
8
9
10
11
12
13
14
15
16

17
18

2: Individual choice
3: Production and the behaviour of
4: Market structures
4: Market structures

Chapter 4: Market structures

Chapter 4: Market structures
Chapter 4: Market structures
Chapter 4: Market structures
Chapter 6: General equilibrium and welfare
economics
Chapter 7: Externalities and public goods
Chapter 7: Externalities and public goods
Chapter 14: The open economy

20

Chapter 14: The open economy

Chapter 10: The goods market in the
closed economy
Chapter 10: The goods market in the
closed economy
Chapter 11: Money and banking

21
22
23

Chapter 11: Money and banking

Chapter 11: Money and banking
Chapter 14: The open economy

24

Chapter 14: The open economy

25

Chapter 12: General equilibrium,

employment and government policy

26

Chapter 13: Prices, inflation and

unemployment

19

27
28
29

Chapter 13: Prices, inflation and

unemployment
Chapter 14: The open economy

30

Chapter 14: The open economy

unit tax; tax burden

cost of capital; perfectly competitive market; SR
average and marginal cost; firm exit
Monopolist; demand function; deadweight loss
LRAC; LRMC; profits
monopolistic competition, long run equilibrium
strategic behaviour; cost of production
Pareto efficient
negative externality; competitive equilibrium
public good, social cost, marginal utilities
open economy; marginal propensity to consume;
proportional tax rate; government spending,
demand for investment and for exports; marginal
propensity to import; multiplier
(national accounts for the open economy)
closed economy; marginal propensity to invest
console bond; face value; interest rate
effect of interest rate and national income
changes on demand for liquid assets
reserve ratio; quantity of money; public wealth.
money base, reserve ratio
international prices in an open economy without
capital mobility and with a fixed exchange rate
regime would lead to an equilibrium at which
point in the diagram below (the
economy is initially at (!, !) which is also where
option (b), suggesting no change
fixed exchange rate policy, capital and current
accounts surplus; balance of payments; reserves;
supply of liquid assets
monetary expansion in an open economy with
perfect capital mobility and a flexible exchange
rate; long run output; long run change to the
interest rate
closed economy with flexible prices and wages;
demand for investment; nominal and real wages
IS schedule; open economy
short-run augmented Phillips curve:
open economy without capital mobility, fixed
exchange rate policy, government spending
which is independent of income and a lump sum
tax system, marginal propensity to import; output
and the interest rate
saving; open economy with perfect capital
mobility and a flexible exchange rate policy;
equilibrium level of output; equilibrium level of
the interest rate

1st

2n
d
3rd

2015 MOCK
Chapter 2:
Individual
choice (lump
sum tax)
Chapter 4:
Market
structures
Chapter 4:
Market
structures
(monopolist)

2014
Chapter 2:
Individual
choice (Slutsky)

2014 MOCK
Chapter 2:
Individual
choice

2013
Chapter 2:
Individual
choice ()

Chapter 4:
Market
structures
Chapter 9: The
determinants of
output (labour
contracts)

Chapter 2:
Individual
choice
Chapter 4:
Market
structures
(monopolist)

Chapter 4:
Market
structures
Chapter 4:
Market
structures

2012