Economics 440: Labor Economics
UIUC, Prof. Ron Laschever
Final Exam (#3) Study Notes
The exam will take place Friday May 14, 1:30 - 4:30 PM.
PLEASE NOTE LOCATION OF EXAM: 124 Burrill Hall (407 South Goodwin Avenue,
The exam will cover all of the material in the Borjas textbook, class readings, and lectures from 3/18
(including) and on, see the syllabus for more details.
You do not
need to cover Sections 11.4, 11.7, and 11.9.
In chapter 13, we will only focus on 13.4,
13.5 and 13.6.
Therefore the exam is not cumulative in its focus of topics. However, you will need to use some of the
tools we covered previously to help you address the topics the final covers. For example, it’s hard to
evaluate the decision to migrate without discounting the costs and benefits of that decision. It would be
hard to analyze how immigrants affect natives without (at least a rudimentary) grasp of supply and
The format of the exam will be similar to the first two exams. There will be a few true/false questions and
some more involved problems to work out. Remember that to get credit for an answer you must show
your work. You will not need a calculator for the exam and you are not allowed to have any electronic
devises, such as calculators, cell phones, palm pilots, etc., on your desk during the exam. You will be able
to write directly on the exam.
There is no conflict exam unless we already discussed one
The time to bring any conflicts to my
attention was during the first week of class. If you have an emergency that prevents you from taking the
midterm, you must contact me by email before the exam and provide documentation. Given that this is a
final, any excused absences would have to go through the official channels and procedures.
I recommend you study for the exam by first reviewing the lecture notes, textbook, and readings. Second,
be sure you understand the correct answers to the problem set questions. Third, at the end of each chapter
in the book, there are sections called “Key Concepts,” “Review Questions,” and “Problems.” The best
way to prepare for the exam is be sure that you understand these concepts and can answer the review