For ECON 101 (Principles of Microeconomics) at UBC

ECON 101 practice questions and midterm prep

Original practice for first-year microeconomics: core principles and opportunity cost, demand and supply, equilibrium and shifts, elasticity, taxes and subsidies, price controls, and consumer and producer surplus. Short learn cards, graph questions and instant feedback, so the midterm feels familiar.

  • Original questions, never past exams
  • Every question reviewed
  • Free during the beta

580

practice questions

25

learn cards

99

graph questions

25

learning objectives

Popular ECON 101 practice topics

  • Shifts vs movements along a curve
  • Market equilibrium
  • Midpoint elasticity
  • Total revenue test
  • Tax incidence
  • Price ceilings and floors
  • Consumer and producer surplus
  • Deadweight loss

What's covered

Every ECON 101 unit, topic by topic

Counts are original items written for this platform. Hide anything your section doesn't cover.

1The Four Core Principles (Ch 1)

44 questions
  • Core principles, opportunity cost and reading graphs (Ch 1)44 questions · 3 learn cards

2Demand, Supply and Equilibrium (Ch 2–4)

168 questions
  • Demand and consumer choice (Ch 2)52 questions · 3 learn cards
  • Supply and producer choice (Ch 3)52 questions · 3 learn cards
  • Equilibrium: where supply meets demand (Ch 4)64 questions · 3 learn cards

3Elasticity (Ch 5)

90 questions
  • Elasticity: measuring responsiveness (Ch 5)90 questions · 3 learn cards

4Taxes, Price Controls and Quantity Regulations (Ch 6)

170 questions
  • Taxes and subsidies (Ch 6.1)90 questions · 3 learn cards
  • Price ceilings, price floors and quantity regulations (Ch 6.2–6.3)80 questions · 3 learn cards

5Welfare Economics (Ch 7)

108 questions
  • Economic surplus, efficiency and deadweight loss (Ch 7)108 questions · 4 learn cards

How you'll practice

Tools built for microeconomics

Graphs, calculations and short explanations, the kinds of thinking ECON 101 exams reward.

Practice by topic

Pick a topic, read a short learn card, then practise with instant feedback on every option.

Graph questions

99 questions built on supply-and-demand graphs: shifts, equilibria, surplus and deadweight-loss areas.

Progress tracking

Accuracy and mastery by topic, weak spots and recommended practice, so you know what's actually solid.

My Mistakes

Retry what you missed with fresh questions on the same idea, not the same question again.

Practice midterms

Topic quizzes, mixed quizzes and a timed practice midterm with a breakdown by unit and skill.

Written answers

Explain in a few sentences and get a rubric-based score with feedback.

Free for every Learn4Less account during the beta. See pricing

Fits your term

How it follows ECON 101

  1. 01

    Weeks 1–4

    Core principles, demand, supply and equilibrium. Learn cards explain each idea in a few minutes; practice focuses on shifting curves and solving for P* and Q*.

  2. 02

    Weeks 5–7

    Elasticity, taxes, price controls and welfare — the calculation- and graph-heavy part of the midterm. Your earlier topics keep coming back for review.

  3. 03

    Before the midterm

    Mixed quizzes and a timed practice midterm, plus a list of your weakest topics and recent mistakes to fix first.

Midterm: all units (estimated)

Questions

ECON 101 FAQ

Are these real ECON 101 exam questions?+

No. Every question is written from scratch for this platform and reviewed before students see it. We never use past exams, homework platform questions, slides or textbook problems.

What does the ECON 101 midterm cover?+

Your instructor decides. We estimate the material through welfare economics (surplus and deadweight loss) for the midterm, but you can set your own date and hide any topic your section hasn't covered.

Do I need a new account?+

No. Sign in with your Learn4Less account — the same one you use on learn4less.ca.

Is this affiliated with UBC?+

No. L4L Econ is an independent study tool made by Learn4Less Tutoring Services Ltd. It is not affiliated with or endorsed by the University of British Columbia. Your instructor and official course materials are always the final authority.

Can I use it during quizzes, homework or exams?+

No. It is for studying only. Using any outside tool during a graded assessment breaks academic integrity rules.

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L4L Econ is an independent study tool by Learn4Less Tutoring Services Ltd.. Not affiliated with or endorsed by the University of British Columbia. All questions are original.