UGA ECON 2106: Principles of Microeconomics
ECON 2106 covers microeconomics (supply and demand, elasticity, consumer and producer behavior, market structures, and market failure) and pairs with ECON 2105 in UGA's pre-business core. Like its macro sibling, it's a large-lecture, exam-weighted course whose grade feeds Terry admission.
Fennie is independent and not affiliated with University of Georgia. This is an unofficial study guide.
What makes it hard
Micro is more graphical and more computational than macro: exams demand fast, accurate work with curves (shifting them, reading surpluses off them, finding equilibria after a tax), and small graph-reading errors cascade into wrong chains of answers. Elasticity and the market-structure comparisons are the classic point sinks.
What you'll cover
- • Supply, demand, and equilibrium
- • Elasticity
- • Consumer and producer surplus
- • Costs and the theory of the firm
- • Market structures: competition to monopoly
- • Market failure and externalities
The ECON 2106 study guide
How to study for UGA ECON 2106, step by step.
- 1
Draw every graph yourself, repeatedly
ECON 2106 exams are graph-driven, and reading a curve on a slide is not the same skill as producing and manipulating one. Blank-page graph practice several times a week.
- 2
Drill elasticity until the formulas attach to meaning
Elasticity is the course's first major point sink. Compute it, then say in a sentence what the number implies for revenue or policy; both halves get tested.
- 3
Build a market-structure comparison table
Perfect competition, monopolistic competition, oligopoly, monopoly: compare price, output, profit, and efficiency. The exams' favorite questions live in the differences.
- 4
Practice the tax-and-intervention scenarios
A tax, a price ceiling, a subsidy: shift the curves, find the new equilibrium, identify the deadweight loss. These multi-step graph problems decide grades.
Today
Today's ECON 2106 plan
What a Fennie Daily Plan looks like for ECON 2106. Yours is built from your own syllabus and adapts every day to your deadlines and progress.
First plan free, no card required. Fennie is independent and unaffiliated with your school.
FAQ
Is ECON 2106 harder than ECON 2105?
Students split, but micro is more graphical and computational. If curve manipulation comes easily you may find it more concrete than macro's abstractions; if not, the graph-heavy exams are the challenge. Either way, blank-page graph practice is the differentiator.
Do I take ECON 2105 or 2106 first at UGA?
Either order works for most plans. Neither is a prerequisite for the other, and both are required for the Terry pathway. Many students pick based on schedule fit and take the second the following semester.
How do I study for ECON 2106 exams?
Produce the graphs yourself from blank paper, then work intervention scenarios (tax, ceiling, subsidy): shift the curves, solve for the new equilibrium, find the deadweight loss. Graph-reading errors cascade on these exams, so train accuracy on the basics before speed.