FRQ topics - Microeconomics

2007-2002 exams are available HERE
2002-1999 exams are available HERE

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Year and form (A or B)
FRQ #1 topic
FRQ #2 topic
FRQ #3 topic

2007 A
 Market models, Monopoly, tax vs. subsidy PC Labor market, MRP=MRC, productivity Oligopoly, game theory, payoff matrixes, dominant strategy, collusion

2007 B
 Market models, monopolistic competition, MR=MC, elasticity, allocative efficiency Oligopoly, game theory, payoff matrixes, dominant strategy, collusion ATC vs. AVC, profit maximization and ATC, shutdown decision

2006 A
 Market Models, Monopoly, MR=MC, elasticity, subsidy MC, profit maximization, MR=MC, impact of tax S&D, determinants of D, subsidies, determinants of S, externalities, socially optimal level of output

2006 B
 Market models, Monopoly, MR=MC, shutdown decision Perfect Competition, S&D, consumer and produce surplus, price ceiling Labor Market, perfect competition, MRP=MRC

2005 A
 Market Models, MR=MC, Perfect competition, barriers to entry S&D, compliments, elasticity, consumer surplus DWL Labor Market, Perfect competition, MRP=MRC, Diminishing marginal returns

2005 B
 Market Models, MR=MC, Labor Markets, Monopoly, MRP=MRC Market Models, MR=MC, Perfect competition, cost curves, SR supply curve S&D, copmliments, elasticity, TR test

2004 A
 Market Models, externalities, Monopoly, PC, allocative efficiency S&D, trade and tariffs, consumer/producer surplus Market Models, MR=MC, monopolistic competition, LR changes in fixed costs

2004 B
 Market Models, MR=MC, monopoly, price/MR relationship, profits, elasticity Tax incidence, S&D, elasticity S&D, trade and tariffs, consumer/producer surplus

2003 A
 Market models, externalities, MR=MC, P=MC Market Models, MR=MC, monopoly, consumer surplus and DWL Market Models, Labor market, MRP=MRC, productivity

2003 B
 Market Models, MR=MC, PC/Monopoly, DWL, long-run profits S&D, tariffs and trade, consumer/producer surplus Labor market in perfect competition, MRP=MRC, changes in price and wages

2002 A
 Market Models, Labor market, PC in product and labor markets, long-run PC Negative externalities, S&D, free riders, MSC=MSB Marginal utility, equimarginal principal, MU/P = MU/P = 1

2002 B
 Market Models, MR=MC, PC, monopolistic competition, consumer/producer surplus Negative externalities, S&D, MSC=MSB Labor market, MRP=MRC, S&D, derived demand, price floor
Perfect competition, MR=MC, price ceiling, supply curve in PC Negative externalities, P=MC, S&D, socially-optimal output level Labor market, MRP=MRC, PC
Market models, MR=MC, PC/Monopoly, allocative efficiency Labor market, MRP=MRC, costs, profit S&D, tariffs and trade, world price, substitute goods, elasticity

 		S&D, substitute goods, derived demand Comparative and absolute advantage, PPC, grid for comp. advantage, terms of trade Market models, MR=MC, PC/Monopoly, relationship b/w MR and P



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