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ECON 102: Exam 2
▪ Date: Monday, November 1, 2021
▪ Time: 12:20 PM – 1:10 PM.
▪ Location: 010 Sparks Building (our regular classroom)
o YOU SHOULD BE IN THE CLASSROOM BY 12:05
PM SO WE CAN START THE EXAM ON TIME.
Information about the test
✓ The exam covers chapters 4 (only the appendix), 5, 19, 20,
✓ The exam consists of:
o 20 multiple choice questions (worth 100 points)
o 4 short-answer questions (each with multiple parts) (100 points)
✓ Duration of the exam: Regular class session (50 minutes)
What you need to bring to the exam:
✓ Your student ID
✓ A pencil (and eraser)
✓ A basic calculator (one without graphing capabilities)
What you cannot use on the exam
✓ Books
✓ Notes
✓ Computer and/or similar electronic devices
✓ Cellphones
More on the short-answer/open-ended section
✓ 1 question on consumer surplus, producer surplus, and deadweight loss
(appendix to chapter 4)
✓ 1 question on price elasticity of demand and total revenue (chapter 19)
✓ 1 question on calculating price elasticity of demand (chapter 19)
✓ 1 question on utility maximization (chapter 20)
Recommended way to study for the exam
