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!

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

Shading Bubble forms

Instructions for filling matriculation number are on the bubble form

No need to write

Clinics during Reading Week

During Reading Week, Clinics will be held at AS2/05-10 Clinic hours are Monday to Friday 10am to 4pm
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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

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
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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
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Data and History in Macro

Knowledge of empirical data is not necessary E.g. you are not expected to know that Singapores M1 is less than 50 percent of GDP

Detailed knowledge of historical events is also not necessary E.g. you dont need to know that ARRA was passed in February 2009
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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 didnt really start till about 200 years ago

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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

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Connect theory with diagrams

P AD2 AD1 G 160 LAS SAS2 SAS1

E.g. Practice reasoning behind the shifts in AD and SAS from a demand shock

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100 E

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Y($tr) 12

Good Luck!

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