Petar’s ECO 106 Resources

Below are some resources that I think are helpful for ECO 106 students . If you have any questions come to an SI session or leave a comment below. You can also upload any of your helpful resources in the comment section!

My Session Schedule, Spring 2016

[box] Monday 4:30-5:30pm, DePaul Center C105

Thursday 4:30-5:30pm, Richardson Library 111

Office Hour – Tuesday 5-6pm, Richardson Library 105[/box]

Can’t attend any of my sessions? Check out other ECO 106 SI leaders’ schedules here.


About Me

I’m Macedonian, a sophomore majoring in Finance with a minor in IT. Interested in the fields of Finance and Technology. Currently working as a Junior Investment Analyst for a Business Consulting Firm in Macedonia, Europe. Working on a separate venture that offers tech outsourcing for American, European and Asian companies in Macedonia. My e-mail is (another one is, feel free to contact me with any questions and I will do my best to respond within 2 days. If you wish to see anything covered in SI Sessions, please, do not hesitate to reach out.


Instagram/Snapchat: petrovskip



Clicking here will take you to the midterm mock exam. Remember to answer the questions before coming to my review session. Also, consider looking over the handouts provided below.

For the answers to the mock exam, click here. Good luck!




Clicking here will take you to the final mock exam. Remember to answer the questions before coming to my final review session.


Answers here.





There are three tips that will guarantee you a grade in the class. Follow these, and you will not only achieve the highest grade, but will come away with valuable practical applications of the concepts covered in class.


  1. Make an effort. No outside help can improve you grade and your knowledge unless you want it to. Be open to suggestions and actively seek out ways to learn more and learn better. Be diligent and responsible with your studying – going over material after each class/SI Session is scientifically proven to embed facts and concepts in your brain for a longer time and with better quality and accuracy.

    “I’ve always believed that if you put in the work, the results will come. I don’t do things half-heartedly. Because I know if I do, then I can expect half-hearted results.”
    Michael Jordan
  2. Come to SI. The obvious reason is that you get 1% for each week you attend SI. But there is more to it. Both Carley and I have taken this course in the past, so we understand the demands that come with it. Since we are constantly in touch with Dr. Mary, we know what he expects of his students. You will go over practical examples and applications of class material and get very concise help before major examinations. Furthermore, you can reach out to you SI Leader with any questions on assignments and homeworks, and he/she will do his/her best to help you out.
  3. Use all available resources. Some of them are listed below, but those are secondary. The primary learning resource you have is class! Come to class, be an active listener and an active participant. Everything that will be on the exams will be covered in class. In addition to that, most of the concepts covered in class are associated with real-life examples and situations. This will be of help beyond June of 2016.



Thanks to Mihaly Csikszentmihalyi, we have a graphical representation of “the psychology of optimal experience”. This class was designed to accommodate all students; this means that the level of difficulty is adjusted for the level of skill that students possess. Knowing that Difficulty = Skill gives us a 45 degree line (depicted above as FLOW).


This should ensure you that everything assigned to you is doable. There is no reason for being anxious that you cannot do something. Follow the 3 tips above, and you will “flow” through the course while getting a lot out of it.


I advise you to look at my handouts from each session. 




Videos and Handouts

Handout available here.

  • The 10 Principles
  • Positive and Normative Statements
  • Circular Flow Diagram – video available here.


Handout available here.

  • Market structures
  • Market forces (Supply & Demand)
  • Market surplus and market shortage (depicted below)


Is a market crash imminent? 

The presentation available here shows how the tech industry is slowing down, and looks at some of the recent IPOs to establish a very shaky, fact-absent conclusion about the economy.


How can government influence and affect the productivity of a country? We covered 6 approaches – They are displayed in this presentation.

Market Shock Analysis

I have created this helpful illustration of the steps in determining the effects of market shocks. Study it carefully and practice with it – it will prove helpful for the final exam.

Click on the image to view it clearly


When you’re done studying the flowchart, please click here and spend some time practicing analysis of market shocks using the examples provided.

WDI Project

This is a group project that can also be used for individual practice. It uses the World Bank’s WDI databank to tell a “story” about the performance of several countries across the globe.

Open the slides here and follow the instructions.


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