ECON 1010 Exam Syllabus and Preparation Guide

ECON 1010 – Fall 2025 Exam Syllabus

Format

This section outlines the structure and expectations for the ECON 1010 exam at Memorial University.

• Maximum 45 questions: Students will answer up to 45 questions during the exam.

• Time per question: Approximately 1.6 minutes per question. Some questions (definitions, concepts) may be faster than others (graphical, numerical).

• Testable material: Includes everything from Chapters 1–14. The exam covers a comprehensive range of topics from the textbook and lectures.

• True/False, multiple choice, and fill-in-the-blank responses:

  • Some require selection of the best response.

  • Strong familiarity with reading and interpreting graphs is required.

  • Ability to solve numerical exercises is required.

• Weighting: Approximately equal weight given to all chapters, with slight emphasis on Chapters 1–4 as they build foundational knowledge.

• Question order: Questions may appear in random order and not necessarily in the order material was learned.

How To Prepare

Effective preparation strategies for the exam include:

• Review lecture notes and textbook for foundational knowledge.

• Complete in-class exercises from slides and handwritten notes.

• Practice homework exercises.

• Utilize online resources in the textbook, such as Student Resources and Answers to Selected Even-Numbered Study Exercises.

• Use the "Study Prep" feature in MyLab for additional resources.

Test Materials

Required and permitted materials for the exam:

• Campus card

• Non-programmable calculator (see here)

• Pens, pencils, erasers

• Personal items such as coats, bags, cellphones, and other electronic devices must be placed at the front of the room.

Additional info:

• This syllabus is relevant for a college-level Microeconomics course, covering standard introductory topics such as supply and demand, market equilibrium, elasticity, consumer and producer theory, and market structures.

• Students should expect a mix of conceptual and quantitative questions, including graph interpretation and basic calculations (e.g., elasticity, cost, revenue).