What This Document Is
This is a practice exam, specifically a mock final, for an upper-level undergraduate economics course (ECON 98) at the University of California, Berkeley. It’s designed to simulate the format, style, and difficulty level of a real final exam administered in a previous semester (Spring 2004). The exam covers both microeconomic and macroeconomic principles, requiring students to apply their understanding to problem-solving and analytical scenarios.
Why This Document Matters
This mock exam is an invaluable resource for students preparing for their ECON 98 final. It allows you to test your knowledge in a timed environment, mirroring the actual exam conditions. Working through this practice exam will help identify areas where your understanding is strong and pinpoint concepts needing further review. It’s best utilized after completing coursework and participating in study groups, as a final assessment of your preparedness. Accessing the full exam will provide a realistic assessment of your ability to perform under pressure and maximize your score.
Topics Covered
* Market Structures (Monopoly, Competitive Markets)
* Externalities and Deadweight Loss
* Production Possibility Frontiers
* Equilibrium Analysis (Stage 2 Equilibrium)
* Game Theory and Nash Equilibrium
* National Income Accounting
* Fiscal Policy
* Macroeconomic Equilibrium
What This Document Provides
* A comprehensive set of questions covering key microeconomic and macroeconomic concepts.
* Questions formatted to resemble those found on a typical university-level economics final exam.
* Suggested time allocations for each question, helping you practice time management.
* A mix of analytical problems, true/false/uncertain questions, and graphical analysis exercises.
* An opportunity to assess your understanding of core economic principles before the actual exam.
