Spring Quarter 2008
Page 1 of 17
June 6, 2008
(Questions 1 through 3; 50 points total)
Write your name and your TA’s name (
Walls), and sign the statement on the cover of Parts I, II, and III of the exam.
Pace yourself carefully, and provide clear, concise answers – lengthy explanations are not necessary!
Write all of your answers in the space provided.
If you need extra room, please use the back of each
You can work on Parts I, II, and III in any order.
If you must make any additional assumptions in order to answer a question, please state what those
At least one member of the Econ 50 staff will be available outside the classroom at
We usually cannot answer questions, but please notify us if you feel you’ve found a
mistake in the exam or if you observe a classmate engaging in suspicious behavior.
At the end of the exam, turn in Part I, Part II, and Part III in the boxes provided.
Your numerical answers should be as precise as possible.
If you’re pressed for time, don’t worry
about simplifying your answers perfectly.
Make sure you show your work.
You will have a total of 180 minutes to complete this exam.
The exam is worth a total of 150 points, so you should allocate approximately one minute per point.
Remember that no calculators, notes, books, headphones, or visible cell phones are allowed.
“The answers written on these pages are entirely my own.
I attest that in taking this exam, I am fully
complying with all provisions of Stanford’s Fundamental Standard and Honor Code.”
Do not open this exam until it is time to begin.