Dr.

Elisabetta Gentile

AY 2015-2016, Sem 1. Monday, September 21, 2015

EC3371 DEVELOPMENT ECONOMICS I

Midterm Guidelines1
The details of the midterm test are as follows:
Date:
Time:
duration:
Venue:

Friday, October 2, 2015

2pm
2 hours
AS6 02-14

The midterm exam will be conducted exactly like a final exam. You will be assigned a seat,
and I will be taking attendance and checking your identification during the exam. Bathroom
breaks will only be allowed during the first hour; after that, you will not be allowed to leave
the exam room until the scripts are counted and tallied.
It will be a closed-book, closed-notes exam. You are allowed to use a non-programmable
calculator to speed you up on the calculations. Be advised that I will personally check calculators
during the exam.
You will write your answers directly below the questions. The test is one-sided, so that you
can write on the back of each page as well. If you tend to discard a lot of what you write on
tests, you may want to consider using a pencil, so that you wont run out of space.
You will write your matriculation number on the cover of your test. Please dont write
anything else on the cover of your test. It is also preferable that you dont write anything on
the back of the last page of the test.
Test structure
The test contains short-answer questions, worth 5 marks each, totaling 100 marks. If two or
more questions are on the same topic, they may be grouped together.
Please focus on answering the questions: dont just write everything you know about a topic.
Contrary to what most students think, more is not better. Short-answer question means that
you should be able to answer in a few lines (or a few simple calculations). Bear in mind that
if you take too long to answer one question, you may not have enough time to answer another.
Time management is key to succeeding in this exam!
Test questions
The questions can be of several types:
- draw a graph corresponding to a scenario described in the question [important: make
sure you label the axes, curves, steady states, etc... accurately, and that you use arrows
to illustrate the direction of a shift. You may also add a short description of what is
happening in the graph];
1

Please note that the professor reserves the right to update the information provided in this document.

- simple derivations or calculations based on steps illustrated in class [important: show your
work, dont just write the end result];
- analytical questions to see if you are able to apply what you have learnt [important: always
explain your answers, dont limit yourself to yes/no, true/false];
- definitional questions to make sure you understand key concepts introduced in class.
Test preparation
You are responsible for all material covered in lectures and all assigned pages in the textbook:
Chapter
Chapter
Chapter
Chapter
Chapter
Chapter
Chapter
Chapter

1:
2:
3:
4:
5:
6:
7:
8:

all
all
all
all
all
all
all
all

of
of
of
of
of
of
of
of

it,
it
it,
it,
it
it
it
it,

including the Appendix

including the Appendix
including the Appendix

including the Appendix

When reading the textbook, do not skip the text in the boxes (for example, A Tale of Two
Cities, page 197). I often refer to the boxes directly during lecture, and when I dont, it is
because we have limited time, not because what is in the boxes is not important.
At the end of each chapter, there are questions for review and problems. They are great
practice for the midterm and final exams.
Test Results
Your mark for the midterm exam will be a percentage, with 100 being the maximum mark. I
will post your scores on IVLE as soon as all the tests have been marked.
The exam scripts will not be returned to you: they will be added to my personal archive
for this module. However, you are welcome to come to my office during consultation hours and
view your exam.