Midterm 2 will be held in our regular classroom at the regular time
- Bring a pencil
- Bring a calculator
- You are not allowed outside paper
Some materials to study
- Go back through readings & terms for all chapters related to lectures 4, 5, 5b, 6 and 7
- Review CQ4, CQ5, CQ6, and CQ7 paying close attention to the problems you did poorly on as a group. These numbers are listed below:
- CQ4: #1, #6 (note part 3 is always “ask a friend”), #8, #9, #13, & #14
- CQ5: #5, #8, #11, #16, #19, #25, #32
- CQ6: #9, #11, #12, #15, #16
- CQ7: #11, #15, #16
- Review FW4, FW5, FW6, and FW7 for more help
- Get a good grasp on the big questions. The exam is not limited to this, but these are the major point value questions.
- Stock pricing and returns
- Bond pricing and returns
- Relationship between interest rates and bond/stock prices
- GDP calculation (nominal and real)
- Growth rates of real GDP (finding annual averages)
- Calculating inflation with GDP deflators and CPIs
- Calculating CPIs
- Adjusting prices/wages to compare “real” values at various points in time (forwards and back)
- Calculate growth of real prices/wages
- Supply and demand, manipulating curves and comparative statics
- Basic understanding of price floors and ceilings
- Understanding of market failure and externalities
- National, foreign, and total savings
- The components of GDP
- Economic v. financial investment
- Watch videos listed underneath Lectures 4-7