2019 Exam 1

The Exam

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• Spring 2019 Exam 1

• Answers to Spring 2019 Exam 1

Exercises and Handouts to Help You Prepare for the Exam

1. Make sure you have read “The Logarithmic Harmony of Percent Changes and Growth Rates"

2. Growth Rates and Percentage Changes Powerpoint File

3. Growth Rates and the Rule of 70 (.doc download)

4. MV=PY, or equivalently %ΔM+%ΔV=%ΔP+%ΔY

5. Cobb-Douglas with Constant Returns to Scale Exercise

6. Returns to Scale Exercise

7. %ΔQ = elasticity %ΔP; %Δ (PQ) = %ΔP+%ΔQ

8. Supply and Demand: Elasticities and Comparative Statics

9. Rule of 70 Exercise

Practice Exam: Plan to do this practice exam on the February 16-17 weekend. You need to time yourself! Try to do it in 50 minutes just as if it were a real exam. Once the 50 minutes are up, then take all the time you want to try to get more questions, without looking at the answers. Only then should you look at the answers.

• Answers to Spring 2018 Exam 1

• Spring 2018 Exam 1

• Distribution of Scores on Spring 2018 Exam 1

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