ECO101H1

U of T

Course Overview
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Lessons & Practice

I. Welcome

46 sec
8. Theory of Consumer Choice
1.5hr

I Welcome

Free Activity
Crash Course
Midterm 1 Crash Course
R

Rameez S

0 secs

Releases: Oct 19, 3:39pm

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AI Tutor answered
J
Jordan A
Does wizeprep include both of the textbooks to get ready for the midterm and final: The Midterm covers chapters 1-8 from the Parkin textbook and chapters 1-9 from CPE. As if this just covers Parkin I will be screwed
Wize AI Tutor
AI
I can't tell from this page which textbooks the course was built around, so I can't confirm whether it covers both Parkin and CPE.

What you can do now is open the table of contents on the left and compare its topics with the chapter titles in both books. Intro micro textbooks usually cover many of the same core topics (supply and demand, elasticity, costs, market structures), so even material organized around one book often lines up with much of the other. The chapter numbers and order won't match, though, so compare by topic, not by chapter number.

For a definite answer on whether the CPE chapters are covered, your Wizeprep Prof is the best person to ask.
AI Tutor answered
Anonymous
How come there are no lessons on consumer theory and producer theory,
Wize AI Tutor
AI
I can only see this welcome page, not the full course outline, so I can't confirm what's included. These topics are often listed under other names in the table of contents on the left, so it's worth checking for:

  • Consumer theory: utility, marginal utility, budget constraints, indifference curves, consumer choice
  • Producer theory: production, short-run and long-run costs, MC and ATC, profit maximization, perfect competition

If you don't see them there, they may not be part of this course. Your Wizeprep Prof can confirm what's covered. You can also ask me about any of these topics here.
AI Tutor answered
Anonymous
which ones are chapters 11-16-19 and 20. ( am a bit confused with how they are devided)
Wize AI Tutor
AI
I can't tell from this page which parts of this course line up with chapters 11, 16, 19 and 20. Chapter numbers depend on which textbook your class uses, and the chapters here may be grouped or numbered differently.

The easiest way to match them is by topic:

  1. Check your course outline or textbook for the topic of each of those chapters (e.g. monopoly, externalities, labour markets).
  2. Find the sections with those topics in the table of contents 📃 on the left.

If you want the exact mapping for your class, your Wizeprep Prof can confirm which sections cover those chapters.
Unanswered
A
Alexandros V
what chapters are on the final?
Tennyson T
usually cumulative so everything
Answered
o
omar s
what chapters does the midterm usually
include
R
Rameez S
Instructor
Sometimes they also include chapter 10 on monopoly so just double check on your course outline or e-mail your professor to be safe.

Welcome to Microeconomics!

Feel free to go through this resource at your own pace.
  • Use the table of contents 📃 on the left to skip to parts you need help with
  • Watch the video ▶ or read the written lessons 📖
  • Speed up ⏩ or slow down ⏪ the videos
  • Use the "Ask a question"❓ feature below each lesson/question any time!

This resource includes the following activities:
  • Theory lessons: I will explain and summarize new concepts
  • Examples: I will walk you through how to solve problems involving these new concepts
  • Practice questions: These are for you to try out on your own. Don't worry, if you get stuck, you can watch the video solutions or read the suggested written answers

Let's get started! 🚀