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MidTerm_S-07_Review - Principles of Economics W1105y1/2...

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Principles of Economics W1105y 1/2 Spring 2007 Padma Desai/Sunil Gulati Mid Term Review Exam : Both classes have mid term exams during the normal lecture times on Monday, March 5. You must take the exam at the regular scheduled time. While we will coordinate the format of the exams, the questions will be different to reflect the different emphasis of our lectures. Grades for the two sections will be scaled together. Exam Coverage : The following chapters from Hubbard/O’Brien are included: (with what we consider to be “core” chapters underlined in bold ): Intro Supply/Demands Chapters: 1, 2, 3, 4 Micro Chapters (to Mid Term): 5, 6, 9, 10, 11 , 12, 14 You will notice that Chapter 13 has been deleted from the original syllabus and Chapter that 8 will be covered at the end of the term. All readings, handouts, lectures and lab sessions are fair game for the exam. Exam Format : The exam may include (i) multiple choice, (ii) identifications and (iii) essays/problems. It is likely that most students will need the full 75 minutes. Be prompt. If you are not on time, you will not be seated for the exam. The exam is closed book/no notes/no calculators. Graded Exams : The process for returning graded exams will be discussed in class next week. Review Session : Professor Desai will hold a review session during class on Wednesday February 28. Professor Gulati will hold a review session on Thursday, March 1 from 8:00 10:00PM. This will be held in 417 IAB (Altschul Auditorium). Students from either section are welcome to attend this review session. A short overview of microeconomics will be followed by some additional problem solving. Previous Exams : You will find three previous Gulati Mid Terms (Fall 05, Spring 06 and Fall 06) attached. Your mid term exam is likely to follow a similar format (probably a little less so in Professor Desai’s case). It is also possible that not all of the material covered in previous exams has been covered this term. Solution Sets : for the exams are also attached as follows: Fall 06 Exam Near complete solution set is posted Spring 06 Exam: Near complete solution set is posted Fall 05 Exam: Complete solution set is posted Where only multiple choice solutions are provided, written solutions for the other questions will not be posted but will be covered at the review session. Disability Services : Students who have been granted accommodations by the Office of Disability Services must ensure they are registered to take the exam at ODS on March 5 (this generally means a form which is signed by the instructor). BRING YOUR ID TO THE EXAM
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Section I: Multiple Choice. Write the letter of the best answer to each of the questions below on your answer sheet.
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