Macro/Micro Econ

[ryoder]

Stare at the aggregate supply and aggregate demand graphs until you understand what they mean and what it means when the curve shifts to the left, right, up or down. You will be asked this on the test numerous times.
For micro, understand fixed costs, variable costs, producer surplus, supplier surplus, where on the curve profits are maximized and at what point the plant should shut down (when it spends more in variable costs to produce the next unit than it gets in revenue).