INTRO TO MACROECONOMICSExam Prep Twitter: @RajEconwww.firstname.lastname@example.orgRaj.Chande@bristol.ac.uk
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.
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
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.
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