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Macroeconomics ECON 2301 Spring 2011 Marilyn Spencer, Ph.D. Professor of Economics Who should take the final exam? What grade do you have now? What grade do you want to attempt to earn? How many points do you have? How many additional points could you possibly earn? Final Exam Schedule ECON 2301.003 (10 a.m. class) Exam: Monday, May 9, 9:00 a.m. – 60 minutes You MUST email to let me know you want to take the final exam, BY NOON, THURSDAY, May 5, sending that email to [email protected] ECON 2301.004 (5:30 p.m. class) Exam: Wednesday, May 11, 5:30 p.m.– 60 min. You MUST email to let me know you want to take the final exam, BY noon, MONDAY, May 9, sending that email to [email protected] Final Exam Week Office Hours: 4-5:30 p.m., Wednesday, May 4 12:30-2 p.m., May 5 3-5 p.m., Tuesday, May 10 3-5 p.m., Wednesday, May 11 And by appointment Final Exam Details 1. 100 points possible + extra credit, same as the others 2. All of the questions are Comprehensive – over any of the concepts on which I’ve already tested you 3. Study your old exams – for the concepts. Don’t expect to see the same questions! 4. Study your old quizzes as the basis for some of the test questions. Final Exam Topics from Exam 1: a. Scarcity b. Opportunity costs c. Production Possibilities Curve d. Comparative advantage e. Variables that affect demand or supply f. Market equilibrium, shortage or surplus Final Exam Topics from Exam 2: a. Nominal & real GDP b. Nominal & real interest rates c. d. Business cycle Labor force e. f. Unemployment/unemployment rate Imports and exports g. Fiscal policy h. Budget deficit/surplus/balance i. j. Public Debt/ Crowding out Final Exam Topics from Exam 3: a. Functions of money b. Fractional reserve banking c. Simple deposit multiplier d. Federal Reserve System e. f. g. h. Monetary policy Economic growth in developing nations IMF World Bank QUESTIONS?