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Exam prep


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Exam prep

  1. 1. INTRO TO MACROECONOMICSExam Prep Twitter:
  2. 2. SOME GENERAL POINTS “Success is 99% failure”Soichiro Honda (Founder of Honda) “If you want to succeed, double your failure rate” Thomas J Watson (President of IBM) “The first draft of anything is shit.” Ernest Hemingway Be patient! You are meant to get stuff wrong, think, try again, get it wrong again, think again… and so on. You are all smart enough to do well in these exams. None of you are smart enough to predict your grades.
  3. 3. READ NIGEL’S COMMENTS ON BB PART A: 50 Marks  Questions are similar to Exercises  Could be on any part of the course  You get no choice, you must answer everything PART B: 50 Marks  2 Essay questions, 25 marks each  You can choose any 2 that you like  Similar to essay questions from the course
  4. 4. NIGEL’S COMMENTS FROM BB Rereading notes will only get you so far, a blank piece of paper and a pen is remarkably effective Fine to cross reference answers, just be clear 4 core areas you need to understand  The IS Curve  The LM Curve  The derivation of the AD curve from IS/LM  The theory of AS  …but don’t stop there.
  5. 5. EXAM TECHNIQUE – SECTION A Allocate time according to marks available Do not get obsessed with a particular question Always write something. If you don’t know, write a sentence explaining your confusion, move on. Explain your calculations, state formulae Make use of your diagrams (label points, refer to them in your answer) Try not to waffle, plan written answers Check that you have answered the question