ECON 2214
Module 1 - Course Objectives

Demand and Supply

4.1  Distinguish between quantity demanded and demand and explain what determines demand.

4.2  Distinguish between quantity supplied and supply and explain what determines supply.

4.3  Explain how demand and supply determine price and quantity in a market and explain the effects of changes in demand and supply.

Assessment  Method

A.  Do the Self-Test questions in your Study Guide as if they were real exam questions, which means do them without looking at the answers. 

B.  You will learn the most from right answers you had to struggle for, and from your wrong answers and mistakes.  Only after you have attempted all the questions should you look at the answers in your Study Guide. 

C.  When you check your answers, be sure to understand where you went wrong and why the right answer is correct.

Take Self-Test 4.1, and Self-Test 4.2, and Self-Test 4.3 in your Study Guide before taking Exam #1.