E162_Midterm_Review - Econ 162 Mid-Term Review Mid-term...

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Econ 162: Mid-Term Review Mid-term exam required material: Lecture notes: topics 1-8 Chapters in the textbook: introduction, 1-6, 10-15, 19 Any readings posted on the course’s bSpace site prior to Saturday, March 14, 2009. Mid-term exam characteristics: Answers will be short essay with a limited degree of choice. This is a closed book exam You will need only writing instruments. No paper or electronic devices are permitted. Time available: 1 hour and 15 minutes: 12:40-13:55 Location : 10 Evans Hall Review questions: 1. What are the major geographical similarities and differences when China is compared to the U.S. and India? Explain geographical advantages and disadvantages for China’s economic development. 2. In 1840, there was a major event in China’s modern history involving international trade. Explain how this event changed China. 3. Before 1949 there were two distinct patterns of economic development in China. Explain. 4. Was China’s reform performance anticipated by the economists and political scientists in the 1980s? Why or why not? 5. China’s economic reform has evolved in two stages between 1979 and 2001. Describe the major themes of each and the differences between them. 6. What were the main elements of China’s development strategy in the 1950s? What were the major achievements and problems? 7. Give the three common systemic features of the socialist system shared by China and the Soviet Union. What in China has changed and what has not since the reform?
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