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
    • Econonmic v. financial investment
  • Watch videos listed underneath Lectures 4-7