Download Final Exam Review

Macroeconomics
ECON 2301
Fall 2009
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 2301.004 (1 p.m. class) Exam:
 Wednesday, December 16, 11:00 a.m. – 60 minutes
 You MUST email to let me know you want to take the
final exam, BY NOON, MONDAY, December 14,
sending that email to [email protected].
 ECON 2301.005 (2:30 p.m. class) Exam:
 Monday, December 14, 2:00 p.m.– 60 min.
 You MUST email to let me know you want to take the
final exam, BY 9 a.m., FRIDAY, December 11,
sending that email to [email protected].
Final Exam Week Office Hours:
 4 - 5 p.m., Thursday, December 10
 10 a.m. - 12 noon & 4 - 5 p.m., December 14
 3 - 5 p.m., Tuesday, December 15
 And by appointment
Final Exam Details
1. 100 points possible, same as the others
2. All of the 25 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!
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.
Public Debt/
j.
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.
Monetary policy
f.
Economic growth in developing nations
g.
h.
IMF
World Bank
QUESTIONS?