What This Document Is
This is a midterm assessment for an introductory economics course (ECON 1) at the University of California, Berkeley. It’s designed to evaluate a student’s understanding of core economic principles as they apply to early American economic history. The assessment tests not only definitional knowledge but also the ability to apply economic models and interpret historical data. It covers a range of analytical skills crucial for success in the course.
Why This Document Matters
This resource is invaluable for students currently enrolled in or preparing for a similar introductory economics course with a historical focus. It’s particularly useful for self-assessment, identifying areas needing further review, and understanding the types of questions and analytical tasks expected on a midterm examination. Reviewing the structure and scope of this assessment can significantly improve exam preparation and boost confidence.
Topics Covered
* Early American Economic Activity (1400s - 1860s)
* Labor Economics & Supply/Demand
* Moral Hazard & Banking
* Economic Growth Models
* Property Rights & Land Institutions
* Historical Data Analysis & Interpretation
* Regional Economic Differences (North vs. South)
* Urbanization & Pauperism
What This Document Provides
* A variety of question types, including paired identification, model application, data interpretation, and essay questions.
* Opportunities to demonstrate understanding of economic concepts through historical examples.
* Practice in applying economic models to explain real-world events.
* Exposure to the analysis of historical datasets and regression results.
* A framework for understanding the relationship between economic institutions and growth.
* Map-based questions requiring geographical economic understanding.
