- The exam is written, it lasts 2 hours and it consists of three questions.
- It is permitted to use one calculator and writing material.
- Paper will be provided. The consultation or use of any kind of material during the exam is strictly forbidden.
- Any form of communication is strictly forbidden, as well as the use of any electronic device other than the calculator.
The exam is written, it lasts 2 hours and it consists of three questions (one open macro-economic question, one micro-economics exercise and five true/false questions requiring mandatory motivation).
It will cover the following topics:
1) National accounts and the market (Dornbusch-Fischer-Startz textbook chapter 2; Besanko-Braeutigam textbook chapter 2)
2) Micro-economic theories of the consumer (Besanko-Braeutigam textbook chapters 3,4,5), of the firm (Besanko-Braeutigam textbook chapters 6,7,8) and the market (9,10,11)
3) Neoclassical and Keynesian macroeconomics (Dornbusch-Fischer-Startz textbook chapters 5-7,9-15)
The exam is intended to ascertain the knowledge of i) concepts and definitions characterizing an economic system; ii) the the understanding of firm and consumer theory and of the functioning of markets; iii) the main macroeconomic theories, iv) the ability to identify the effects of fiscal and monetary policies, v) the ability to apply modern macroeconomic theories to the interpretation of real-world macro-economic events and the decisions of monetary and fiscal authorities. The micro-economics exam will weigh 12/30 points, while the macroeconomics open question and the five true/false questions will weigh 9/30 points each.
It is permitted to use a non-programmable calculator.
Writing paper, including sketch paper, will be provided.
The consultation or use of any kind of material (e.g., textbooks, lecture notes, slides) during the exam is strictly forbidden. Any form of communication is strictly forbidden, as well as the use of mobile phones, personal computers, tablets or any electronic device other than the calculator.
The solutions to the exams will be published jointly with the results and with date of the inspection of the exams. No oral exam is foreseen.