REVGUIDEF11 - Intro Macro REVIEW GUIDE 12/8/11 N. Sheflin...

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Intro Macro N. Sheflin REVIEW GUIDE 12/8/11 The Final Exam will consist of 150 multiple choice questions worth 60% of total points in the course. It is cumulative and 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 ESSENTIAL QUESTIONS, the BIG QUESTIONS, the notes in each assignment, and the SUMMARY OF TOPICS below. Exam questions will be like, but not identical to those in the homework, the 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 ESSENTIAL QUESTIONS 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 a lot. 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 Topics (below) , then ESSENTIAL QUESTIONS , then review the ‘BIG QUESTIONS’ AND APPLICATIONS from the assignments, and then the homework questions with these in mind. It will be helpful to study with a group of friends and there will be a chat room 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) Use the 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 understand. DO NOT 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
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This note was uploaded on 02/05/2012 for the course 220 103 taught by Professor Sheflin during the Fall '09 term at Rutgers.

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REVGUIDEF11 - Intro Macro REVIEW GUIDE 12/8/11 N. Sheflin...

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