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ECON 0110 Midterm 1 (Chapters 1-9) Study guide

Chapters 1-9 focuses on the following topics. Chapter 1: Ten Principles of Economics Chapter 2: Thinking Like an Economist Chapter 3: Interdependence and the Gains from Trade Chapter 4: The Market Forces of Supply and Demand Chapter 5: Elasticity and It's Application Chapter 6: Supply, Demand, and Government Policies Chapter 7: Consumers, Producers, and the Efficiency of Markets Chapter 8: Application: The Costs of Taxation This study guide gives important topics from each lesson but is not a thorough explanation of the topics

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