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Economics Annual Exam Prep: Past Exams, PowerPoints, & Handouts

Get ready for the economics annual exam with study materials mirroring past exams. Covering topics like inflation, unemployment, and more. Be prepared and start promptly at 12:50 PM.

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Economics Annual Exam Prep: Past Exams, PowerPoints, & Handouts

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  1. 4F EconomicsAnnualExam • Studyallpastexams, powerpoints and handouts, EXACT SAME STYLE AND FORMAT as last 2 exams, ALL MULTIPLE CHOICE • GO IN TO YOUR 6TH PERIOD IMMEDIATELY AND GET STARTED, THE EXAM IS LONG, IT IS GRADED ON A CURVE, do nottake 10 minutes togetstarted • BE READY TO START THE EXAM AT 1250PM!

  2. Examples of topics • Inflation, unemployment, interestrates, imports and exports, tradedeficit and trade surplus, budgetdeficit, currencies, financialintermediation, meltdown video, foreignaid, PinkTide, Fixed vs. Variable costs, real GDP, businesscycle…..

  3. Updatedinformation - VEN • Venezuela´sinflationnowaround 55% • Black marketrate - approximately40 to 60 Bolivaresforonedollar, it has gone up sincewestartedtalkingabout Venezuela

  4. VEN - el raspao," or "the scrape." • Venezuelans are flyingto places like Miami oreven Lima, and getting cash advancesontheircreditcards and bringing back allthedollarsthatthey can and thensellingthem at theblackmarketrate and thenspendingtheBolivareslocally

  5. ConsumerDebt and Personal Bankruptcy • Manyconsumers are temptedtooverspendwiththeircreditcards. This can be a problemifyourcreditcardbills are more thanyou can pay • Somepeopleneedcounselingaboutimprovingtheirfinances • File for personal bankruptcy and haveallyourdebtsfromcreditcardcompaniesorbanksforgiven, ifitisapprovedbythecourt, itis a judicial process

  6. The Euro In whichcountriesisitused? Itisused in a total of 22 Europeancountries, includingItaly Thiswasnotcovered in class and mayormaynotbeimportanttoknowfortheexam (maximum ONE question).

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