Econ 147 Midterm Exam WI06

Econ 147 Midterm Exam WI06 - NAME STUDENT ID Economics 147...

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NAME: ___________________________ STUDENT ID #: ____________________ Economics 147: The Economics of Education Professor Nora Gordon Winter 2006 UC San Diego MIDTERM EXAMINATION There are a total of 50 points on this examination. I suggest you allocate one minute per point, but you may use the full 80 minute class period. You may use calculators; you may not use notes, readings, or any other outside materials. Only exams written in ink will be considered for regrades. Please read the questions carefully and answer completely. For quantitative problems, show all your work and do not use any scrap paper. Your short-answer responses should be specific and concise. Points will be deducted for extraneous incorrect information. Good luck. 1. True/false/uncertain, explain : credit depends fully on explanation. “Children who enter kindergarten knowing the alphabet have higher ‘ability’ than children who enter kindergarten without knowing the alphabet.” Use the specific definition of ability we have used in the course in your answer. (3 pts.) 2. True/false/uncertain, explain : credit depends fully on explanation. “Government should intervene in the provision of elementary education because of credit market failures.” Be specific about what you think the credit market failure is. (3 pts.)
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3. When Eric Hanushek refers to finding a “total teacher effect”, what does he mean and how is it different from putting set teacher characteristics (like salary, experience, education, etc.) into an education production function?
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Econ 147 Midterm Exam WI06 - NAME STUDENT ID Economics 147...

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