F09%20132%20Sample%20Midterm%20Questions

F09%20132%20Sample%20Midterm%20Questions - Midterm Sample...

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Midterm Sample Questions Energy Economics Prepared by Genevieve Peters UCSD Economics 132 1 of 3 While these questions may prove useful for exam review, students are cautioned not to rely solely on these questions to prepare for exams in this class. Short Essay Your answer will be graded on its clarity, accuracy, precision, relevance, and logic. Why did Porter write the article “Are We Running Out of Oil?” What were the main points he was trying to convey or questions he was trying to answer in this paper? What are the main concepts that a reader needs to understand to be able to follow the author’s logic? Kingdom”? What were the main points they were trying to convey or questions they were trying to answer in this paper? Why are these points/questions important? Why did Rosenberg write the article “The Role of Electricity in Industrial Development”? What were the main points he was trying to convey or questions he was trying to answer in this paper? Why are these points/questions important? Are we running out of oil? Why or why not? Your friend, who has not taken energy economics, ran across the phrase “Hubbert Curve” on the Web. He’s not sure what it means and asks you if you know anything about it. What would you tell your friend about the Hubbert curve? Electricity intensity in the United States has increased continuously since the early 1900s. Is this an example of an efficient use of resources, or is this an example of an inferior dominant design technology? Explain. What is the Hotelling Rule? What is the intuition underlying the Hotelling rule? What are some of
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This note was uploaded on 12/09/2009 for the course ECON 132 taught by Professor Peters during the Spring '07 term at UCSD.

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F09%20132%20Sample%20Midterm%20Questions - Midterm Sample...

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