RULE Dual Degree Economics Entrance study plan

Derive and interpret first-order conditions for consumer utility maximization under a budget constraint, working through at least six worked problems by hand

Compute and classify price and income elasticities from demand functions, including Slutsky decomposition into substitution and income effects

Set up and solve constrained optimization using Lagrange multipliers, verifying second-order conditions for at least four two-variable problems

Build a one-page formula sheet linking marginal rates of substitution, marginal rates of transformation, and elasticity identities

Analyze producer theory: derive cost functions from production functions and distinguish short-run from long-run cost curves

Solve for competitive and monopoly market equilibria, then compute deadweight loss in a monopoly case

Apply matrix algebra to solve a small general-equilibrium or input-output system by hand and by elimination

Explain in writing why marginal cost equals marginal revenue at profit maximum, using both algebra and a verbal argument

Work through game-theoretic problems: find Nash equilibria in pure and mixed strategies for 2x2 games

Connect micro foundations to macro aggregates by deriving an aggregate demand relation from individual behavior

Compute GDP by expenditure and income approaches and reconcile the two for one hypothetical economy

Distinguish nominal from real variables and calculate a deflator and inflation rate from a small price-and-quantity table

Derive the IS-LM equilibrium algebraically and solve for output and interest rate given parameter values

Analyze short-run and long-run effects of fiscal and monetary shocks in the IS-LM and aggregate supply-aggregate demand frameworks

Solve first-order difference equations and use them to model a simple dynamic multiplier

Compute present discounted values for multi-period cash flows and apply them to a consumption-smoothing problem

Compute and interpret descriptive statistics, including mean, variance, covariance, and correlation, from a raw data table by hand

Apply the sampling distribution of the sample mean and construct confidence intervals at 90, 95, and 99 percent levels

State and test hypotheses about a population mean, choosing the correct test statistic and interpreting p-values precisely

Derive the ordinary least squares estimator in the simple regression model and interpret each coefficient in context

Diagnose violations of classical regression assumptions: heteroskedasticity, autocorrelation, and multicollinearity, and state their consequences

Interpret multiple regression output, including adjusted R-squared, t-statistics, and F-tests, without relying on software defaults

Evaluate empirical macro claims by identifying identification problems and distinguishing correlation from causation

Explain omitted variable bias verbally and with a two-variable algebraic example

Deconstruct arguments into premises and conclusions and label common fallacies in ten short passages

Evaluate the strength of evidence and identify unstated assumptions in quantitative-flavored arguments

Write a structured analytical essay under time pressure with a clear thesis, signposted paragraphs, and a conclusion that answers the prompt

Edit your own draft for precision, removing vague quantifiers and ambiguous pronoun references

Consolidate all six domains by reworking every item in your error log until each is solved correctly without notes

Complete two full-length timed mock exams under exam conditions and score them domain by domain

Allocate remaining study hours to the two domains with the lowest mock scores and drill those specifically

Rehearse written-communication answers aloud to check clarity, structure, and time control