EXAM

There will be three exams and 1 final in this course. All the exams will be made up by two parts: true/false and fill-in-the-blank problems. Study Guide will be very helpful in preparing for the exams. You can prepare a formulae sheet to bring to the exam. No makeup examinations will be given. If you miss an exam, the final will be counted twice. FINAL IS SELECTIVELY COMPREHENSIVE.

Please study the topics listed below for each exam:

Exam 1:

PRICES AND INFLATION

UNEMPLOYMENT

GDP DEFINITION

COMPUTATION OF GDP AND OTHER NATIONAL ACCOUNTS

AGGREGATE DEMAND

AGGREGATE SUPPLY

SHORT RUN AND LONG RUN EQUILIBRIUM

BUSINESS CYCLES

SAMPLE EXAM I

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