Note – we will not have covered all of the material noted below until the end of the last class – do not post questions on
material not yet covered.
The Final Exam will consist of
multiple choice questions worth
points, and is intended to be
comprehensive but NOT tricky or obscure
. The questions will be drawn from the entire course, weighted towards
what I consider the more important, and memorable, issues. The coverage is reflected in the
QUESTIONS, the BIG QUESTIONS and the SUMMARY OF TOPICS below
drawn from homework, big
questions, and/or questions like homework questions as well as some questions from the current events we have
covered and applications. Some additional questions based on the investment game, and other topics will be included. I
will try to avoid asking questions requiring memorization of dates, facts, and numbers except for the few most
important, and I will try to make sure that any such questions have answers that are distinctly different from each
other. There are a few
formulas you should know
: government spending multiplier, real and nominal interest rate,
deflating gdp, rule of 72, simple deposit multiplier,– see
for a list
HOW TO STUDY
This will depend on what works for you. My suggestions are:
START STUDYING NOW – 30 minutes+ each day. DO NOT REREAD THE TEXT FROM PAGE 1.
DO NOT GET BOGGED DOWN ON ANY ONE TOPIC. REPEAT A LOT. QUESTION YOURSELF
It is better to go through the material several times quickly, using many sources (big questions, notes in each
assignment, review guide, essential questions, end of chapter summaries), rather than once very slowly. The
first time, focus on definitions and concepts; the second on analysis, and the third time, pull it all together.
Also, do the stuff you know the first time and come back to tougher stuff later.
look through the TOPICS guide (below) to refresh your memory about what we have studied this semester; if
there are words/terms/concepts you don’t recognize, look them up (quickly).
Go through the
, then review the
from the assignments, and then the homework questions with these in mind. It will be
study with a group
of friends and there will be a
for the questions relating to material
on the final
DO NOT JUST READ – THINK, ASK YOURSELF QUESTIONS, GIVE ANSWERS OUT LOUD,
LOOK UP MATERIAL YOU CANNOT ANSWER.
Study topics in reverse order: from most recently covered to earlier topics (except don’t study the topics we
have not yet covered, yet)
ESSENTIAL QUESTIONS, this review guide, BIG QUESTIONS, and homework
as a guide to
what you're responsible for; use the text to fill in the blanks and look up material you don’t remember or
at this time
read the text from chapter 1 on - use it as a reference.
Make sure that you can explain each concept and each essential question out loud, to an imaginary slightly