What to expect on the midterm exam
The midterm exam takes place on
Tuesday, Oct 25
. It covers the material from the
beginning of the semester through the material covered in class and in the text through
Thursday, Oct 20. All material and topics covered in those chapters, in the lectures, in the
class notes, links and articles posted on the website, and from the problem sets are fair
game for the exam.
If you have been following along in class, working on the problem sets, and studying the
text and the articles, you won't see any surprises on the exam - it will emphasize the
topics and ideas we've spent most time on in class. The exam gives you an opportunity to
demonstrate your knowledge of those topics.
The first part of the exam – about 65 or so of the 100 points - will have about 3 or 4
questions, of which you select 2 or 3 to answer. The first part of the exam may
question required of everyone. The questions will pose problems or situations that you’ll
be expected to describe, solve and explain. The questions will not be multiple choice, nor
will they ask you to define a term or concept. Instead, you’ll be expected to recognize the
idea, concept or topic, and then solve, describe or explain using the correct terminology,
with reference to the correct theories, concepts and ideas. I will be looking for your
ability to give clear, concise, and correct explanations of the economic events,
phenomena, problems, or situations described in the questions.
The second part of the exam (the remaining 35 or so points) will consist of about 3-5