Chapter 1:
8 Guideposts
Positive vs normative Economics
"Ceterius paribus" and "Association is Not Causation"
Adam Smith: "Invisible Hand" concept

Chap 2:
Opportunity Cost
Question 3, page 48
Trade creates value
Property rights
Production Possibilities Curve - what causes it to shift out?
Division of labor, Law of Comparative Advantage, Specialization
Market mechanism vs. Collectivism

Chapter 3:
Review Graphs page 59, 60, 61, 62, 63, 67, 68, 69, 70, 73, 74, 75, 77, 78, 79
Thumbnail sketches, pages 64, 72 and 77. "FOLLOW THE RULES"!!
Shift in Quantity Demanded (Supplied) and Shift in Demand (Supply)
Review: Invisible Hand Section, pages 80-83.
 

Chapter 4:
Review pages 92-99.
Review graphs on pages 93, 97, 98

Chap 5:
Review Differences and Similarities between Market and Collective Action, pages 115-116. 
Review Rules 1 and 2 on pages 117-118.
Review graphs on pages 121 and 123 and the material relating to these graphs.
Review public goods, pages 124-125
 
Chapter 6:
Review the main Public choice concepts: rent seeking, rational ignorance, special interest groups, shortsightedness effect, constitutional (political) rules.
Thumbnail Sketch on page 148.

Chapter 7:
GDP - what counts and what doesn't count?
GDP - two ways of measuring, see Exhibits on pages 160, 161, 164
Real vs Nominal GDP, including formula on page 166
GDP vs GNP
Review problems 7 and 8 on page 177.
Review section on pages 168-170 - "Problems with GDP"
Why does CPI overstate inflation?

Chapter 8:
Review Exhibits on pages 181, 183, 186, 190
Three types of unemployment - structural, frictional, cyclical
Natural rate of unemployment and full employment
Effects of inflation, especially the harmful effects.