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1st mid-term: 25%
2nd mid-term: 25%
Homework&in-class exercise 10%
Note: Exams will be cumulative, but more weighs will be put on the later part.
1st mid-term: Friday, June 4
2nd mid-term: Friday, June 25
Final: Friday, May 9
Notes: I will put sample exams on-line.
There will be multiple-choice questions and problem-solving questions in the exam.
1. Attending the class: better understanding and in-class exercise.
2. Do the homework by yourself: help to find where you are wrong and correct it.
3. Do the sample exams.
Notes: The questions on exam will be withdrawn from the above three sources.
Economics is the study of the allocation of scarce resources.
1,000 jobs were lost because of free trade.
Consumers saved 1 million because of free trade.
We should protect our industries.
We should support free trade.
Supply and demand