Study Guide for Test 1
Test #1 will be held in our regular classroom on Monday, September 17. The test will
cover the following sections of the syllabus:
I. Introduction: Economic History, Cliometrics & the American Economy
Walton & Rockoff, Chap 1
Varian, Hal, “American Companies Show an Edge in Putting Information to
The New York Times
, January 12, 2006.
Sokoloff, Kenneth L., and Stanley L. Engerman, “History Lessons: Institutions,
Factor Endowments, and Paths of Development in the New World,”
of Economic Perspectives
, Vol. 14, No. 3, (Summer, 2000), pp. 217-232.
Wade, Nicholas, “In Dusty Archives, A Theory of Affluence,”
The New York
, August 7, 2007
II. The Reunification Era: Southern Stagnation, Western Expansion & the Industrial Revolution
Agriculture and the Farm Protest Movement
Walton & Rockoff, Chap 15
To prepare for the test, please review the assigned reading in the text, the supplementary
readings, your lecture notes and any quizzes. Remember that the topic outlines (posted
on WebCT) are ONLY outlines; they are not an adequate substitute for good lecture
notes. As you review, pay particular attention to figures and tables that we discussed in
The test will consist of 35-40 true/false and multiple choice questions. Upon completing
the test, you must turn in your scantron and your test booklet. However, you will be given
a separate sheet on which to record your answers. You will be able to check your answers
using the answer keys that will be posted on WebCT following the test. For the test, you
will need a
#2 pencil and a picture ID
Below you will find some questions to use as a guide to your studying. While this list is
, it does illustrate the types of questions you should be prepared to answer.
Be sure to review economic terms/theories
, such as: opportunity cost, economies of scale,
productivity, elasticity, etc.
1. The study of economic history offers benefits to both historians and economists.
Describe these benefits. (Remember the quote by William Parker that we discussed in
Better prepare yourself for the future. Provides lessons on nation building and
analyzing policies and institutions that impact the nation as well as you
“without theory history becomes undisciplined and disorganized,
shaping its material by whim, or purely by rhetoric. Without history, theory
loses any grounding in the actual course of human event”. William Parker