Final Exam Briefing-1dfdsfds
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EC1301 Final Exam Briefing
Date, Time and Venue
Saturday 23 November 1:00pm
Venue is MPSH1A and MPSH1B
Turn off cell phones b4 entering the exam hall!
2
Checklist for items to bring
• Student ID
• 2B pencils and eraser
• Small clock or watch
• Sweater (in case you might feel cold)
• Simple calculator or Scientific calculator
Check batteries!
No Graphic calculators
3
Shading Bubble forms
Instructions for filling matriculation number are on the bubble form
No need to write
4
Clinics during Reading Week
During Reading Week, Clinics will be held at AS2/05-10
Clinic hours are Monday to Friday10am to 4pm
5
Practice Questions
By department regulation, past year final exam papers are not to be released
MCQ practice questions will be provided via MyEconLab
• ~ 20 to 30 MCQs per chapter
6
Exam Format and Coverage
2 hours for 80 multiple-choice questions
Approx. 20 questions from Micro Lectures 5 and 6 • Efficiency, Government Action in Markets, Monopoly • From Dr Connie: Any sections of the chapters not
included in the lecture notes are EXCLUDED from the exam
Approx. 60 questions from Macro Lectures 7 to 12• Exclude items marked as “Enrichment”• Exclude Lecture 9 Part 2 “Quantity Theory of Money”
7
Macro Textbook Readings
Areas in textbook that were not also discussed in lecture will not be tested• E.g. “Reading between the Lines” segments• E.g. some “Economics in Action” segments
Areas in textbook that you are asked to browse through will not be tested• E.g. Mathematical Note for Ch28 - no need to
know how to derive multiplier with automatic stabilizers
8
Data and History in Macro
Knowledge of empirical data is not necessary
• E.g. you are not expected to know that Singapore’s M1 is less than 50 percent of GDP
Detailed knowledge of historical events is also not necessary
• E.g. you don’t need to know that ARRA was passed in February 2009
9
Data and History in Macro
But you should have rough knowledge about major events
• E.g you should know that ARRA was a response to the Great Recession
• E.g. Modern economic growth didn’t really start till about 200 years ago
10
Computation Questions
Look through parts of lecture that required you to do computations
• E.g. how to compute GDP, CPI, U3 to U6 unemployment etc.
• E.g. Rule of 70 approximation
• E.g. Expenditure multiplier and equilibrium GDP
11
Connect theory with diagrams
E.g. Practice reasoning behindthe shifts in AD and SAS from a demand shock
P
Y($tr)
130
100
12
LAS
10
AD1
AD2
SAS1
E
F
SAS2
G160
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Good Luck!
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