GUIDELINES FOR THE FINAL

Download Final Review Study Guide (PDF)

THE FINAL EXAM IS A CLOSED-BOOK, CLOSED-NOTES EXAM AND WILL COVER CHAPTERS 1-15.
Please be prepared to answer questions from any of these chapters. There will be 60 Multiple-Choice and 2 essay questions. You will have 2 hours to complete the exam. You should bring your driver’s license or passport, Coastline ID, a #2 pencil and a pen to the test site. All other testing materials will be provided. You may also bring a calculator to the exam.

The final examination is worth 200 points or 25% of your course grade.

SCHEDULING ALTERNATE EXAMS
Students who cannot make it to the official test date can schedule alternate exams through the distance learning website at http://dl.coastline.edu/. After you have accessed the site, click “Schedule Alternate Exams” on the right side of the screen to schedule your exam for a different date. Please do so as early as possible in the semester since the alternative testing dates tend to fill up quickly.

ESSAY QUESTIONS (2)
(40 POINTS TOTAL / 20 POINTS EACH)

Essays should be AT LEAST THREE PARAGRAPHS LONG and should include GRAPHS and EXAMPLES. Be sure to include as much information as possible for each question and completely address all of the issues included in the essay topics. Make sure your graphs are properly labeled and fully explained. **Please do not just write a list of definitions but a fully developed essay that discusses the concepts included in the question.

You should be prepared to write essays about the following topics. The instructor will select 2 of the following 4 topics for the final exam:

1. Discuss expansionary fiscal policy and the tools the government uses to stimulate the economy (3 tools). Be sure to include aggregate demand and supply curves to explain the effect of a fiscal stimulus.
    

2. Discuss the multiplier effect and its impact on the economy. Be sure to discuss the consumption function and the circular flow of income and expenditure.
    

3. Discuss monetary policy and the tools the Federal Reserve uses to stimulate or restrain aggregate demand.
    

4. The economy of Bobangoland is growing at an unprecedented pace and has exceeded its full employment equilibrium. What should the government of Bobangoland do to prevent inflation?

**There will be an extra credit essay on the examination.

MULTIPLE-CHOICE QUESTIONS (60) (120 POINTS TOTAL / 2 POINT EACH)

Can include anything we have covered in Chapters 1-15.

HOW TO STUDY FOR THE EXAM

1. ONLINE QUIZZES (www.mhhe.com)
   Online quizzes have proven to be extremely helpful in studying for the multiple-choice part of the exam. The online quizzes will familiarize you with the general structure and type of questions that will be on the exam. Past students have told me that the online quizzes were very useful in helping them prepare for exams.
    

2. STUDY GROUPS
   If there is something that is not totally clear, it is always a good idea to work with another person to try and understand a concept.
    

3. REVIEW THE CLASS EXERCISES AND QUIZZES!!
   You never know, some of those questions may show up on the exam.
    

4. STUDY EVERY DAY FOR THE EXAM!!
   Do not wait until the last minute to cram for the exam. If you do, chances are you will fail the exam. The more you review the course material, the more you will understand and remember the information that you have learned.
    

5. WRITE OUTLINES AND COMPLETE ANSWERS FOR THE ESSAY QUESTIONS!!
   This will help you remember the information you have learned. It will also be easier for you to organize your essay when you take the exam.
    

6. E-MAIL ME OR COME TO MY OFFICE HOURS IF YOU NEED HELP!!
   If you are completely confused and have no idea what is going on, chances are you may fail the exam. Please e-mail me or come see me if you need help. I want to help you. You can e-mail me at mcummins@coastline.edu

GRADES
As stated on the syllabus, the instructor will NOT e-mail grades to the students for privacy reasons. If you want to have your grade mailed to you after your exam has been graded (approximately one week after the final exam), please provide me with a self-addressed stamped envelope/postcard at the final examination. (You can also mail it or drop it off at the distance learning center).