review2 - Economics 440: Labor Economics UIUC, Prof. Ron...

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Economics 440: Labor Economics UIUC, Prof. Ron Laschever Exam #2 Study Notes Spring 2011 The exam is in class on Thursday, March 31. The exam will cover all of the material in the Borjas textbook, class readings, the Lincoln electric case (assignment #4) and lectures that were not covered in Exam #1 (i.e., 2/15 (including) until 3/15 (including)), see the syllabus for more details. [Social Interactions will be covered in the final exam, not exam#2] I will devote some of our class on 3/29 to answer any questions/topics people may have regarding the exam. The format of the exam will be similar to the first exam. 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. As I said in class, the readings (almost all are extremely short), are included in the material. However, I will not ask you for specific numbers/dates/names and about any of the technical details (these articles are very non-technical points to start with). There is no conflict midterm exam . 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. We will discuss the arrangement for a make-up exam, but only under such extraordinary circumstances. 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 midterm is be sure that you understand these concepts and can answer the review questions and problems. The website for the textbook has additional practice problems. You should also review my answers to the problem sets. Also, below are additional practice questions and practice concepts. You go to the Borjas book website you can generate practice quizzes: http://paris.mcgraw-hill.com/sites/0073511366/student_view0/ As I mentioned in class, the book by Ehrenberg and Smith mentioned in the syllabus covers the same material and has answers to odd-numbered questions. There is a copy on reserve at the library. In addition to the study aids at the end of each chapter, the concepts and questions below may also be helpful in your review. Some of these are in the book and others were only covered in the lectures or supplemental readings. I stress that the concepts below are supplements to, not substitutes for, the study aids at the end of each chapter. What is the difference between a person’s discount rate and the interest rate?
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This note was uploaded on 06/13/2011 for the course ECON 440 taught by Professor Staff during the Fall '08 term at University of Illinois, Urbana Champaign.

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review2 - Economics 440: Labor Economics UIUC, Prof. Ron...

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