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  • McGill University (Mcgillu)
  • Economics
  • Year 1 Economics (ECON208)
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McGill Year 1 Economics Exam Practice: 9 Solved Problems (Micro, Macro, Statistics)

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2026/2027 Written for academic year
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McGill University (Mcgillu)
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Year 1 Economics (ECON208)
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9 exam-style economics problems at the introductory level, each with a full step-by-step solution, in the style of McGill Year 1 economics. What's inside (7 pages, PDF): • Microeconomics (problems 1-3): Demand shift, Hiring workers, Cost curves • Macroeconomics (problems 4-6): Income with taxes, Money supply, Quantity theory • Statistics (problems 7-9): Probability rules, A discrete variable, Z-scores Every solution shows each intermediate value, so you can check your own work line by line. Ideal for midterm and final exam review. Unofficial practice modeled on public course descriptions for this level. Not affiliated with or endorsed by McGill University. These are not past exams.

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Exam prep · Year 1 McGill style · intro level




9 problems
micro, macro, s
tatistics




McGill
Year 1 practice Full solutions
every step worked o
ut

Intro micro, intro macro and intro statistics: supply and demand, costs, GDP,
money, probability and tests.




Unofficial practice based on public course descriptions for this level. Not affiliated with or
endorsed by McGill University.

, Micro · Problems 1 to 3 McGill · Year 1 style


Markets, production and costs
Problem 1 Problem 2 Problem 3
Demand shift Hiring workers Cost curves
Qd = 80 − 2P + 0.5M Workers 0 to 5 produce 0, 10, 24, 36, 44, Fixed cost $100. Variable cost 150, 260,
Qs = −20 + 2P 50 units. Price $5, wage $45. 420 at q = 10, 20, 30.
1. Equilibrium if income M = 40? 1. Marginal product of each worker? 1. ATC and AVC at q = 20?
2. Equilibrium if M = 60? 2. Value of each MP? 2. MC from 10 to 20 and from 20 to 30?
3. Normal or inferior good? 3. How many workers to hire?




Unofficial practice · Solutions on the next page · McGill Year 1 style · 02

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  • economics
  • exam prep
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  • statistics
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