The final is on Wednesday, December 10 from 10:00AM to noon in the room we normally have class. It will be closed book (one page of notes) and per the syllabus will be worth about 20% of your grade.
The exam will cover mostly the Easterly book, but you should not forget what we learned in the first part of class.
The exam will consist of two sections. The first section will be multiple choice questions and is worth half of the grade. The second section is described below.
Here are some key topics from Easterly you should review for the first part of the exam:
- Infant mortality, health, and poverty
- For models, note what they do well and what they do poorly. What are the assumptions/conditions under which the model was to be applied.
- Harrod-Johnson Model
- Solow Model
- Population bomb (Becker, Ehrlich, Malthus)
- Sachs and Bono
- Physical Capital
- Human Capital
- Investment and aid
- Debt Forgiveness
- Leaks, Matches, and Traps
- Luddites Fallacy
- Creative Destruction and Cell Phones
- Black Market Premium
- Financial Repression
You will also need to remember the basics about what we learned about the relationship between monetary policy and growth (output).
For the second part of the test, you will be asked to recount stories from the book and explain how the stories illustrate the concepts described.
You should do this in between four and twelve sentenses, and your page of notes should assist you.
You should know how the key terms above fit into the stories about the countries below.
- Ghana from chapter 2
- Tanzania from chapter 3
- India in chapter 4
- Mauritania in chapter 6
- Cote d'Ivoir in chapter 7
- Bangladesh in chapter 8
- India in chapter 9
- Mexico in chapter 11
- United States in chapter 13