2. SOME GENERAL POINTS
“Success is 99% failure”
Soichiro Honda (Founder of Honda)
“If you want to succeed, double your failure rate”
Thomas J Watson (President of IBM)
“The first draft of anything is shit.”
Ernest Hemingway
Be patient! You are meant to get stuff wrong, think, try
again, get it wrong again, think again… and so on.
You are all smart enough to do well in these exams.
None of you are smart enough to predict your grades.
3. READ NIGEL’S COMMENTS ON BB
PART A: 50 Marks
Questions are similar to Exercises
Could be on any part of the course
You get no choice, you must answer everything
PART B: 50 Marks
2 Essay questions, 25 marks each
You can choose any 2 that you like
Similar to essay questions from the course
4. NIGEL’S COMMENTS FROM BB
Rereading notes will only get you so far, a blank
piece of paper and a pen is remarkably effective
Fine to cross reference answers, just be clear
4 core areas you need to understand
The IS Curve
The LM Curve
The derivation of the AD curve from IS/LM
The theory of AS
…but don’t stop there.
5. EXAM TECHNIQUE – SECTION A
Allocate time according to marks available
Do not get obsessed with a particular question
Always write something. If you don’t know, write a
sentence explaining your confusion, move on.
Explain your calculations, state formulae
Make use of your diagrams (label points, refer to
them in your answer)
Try not to waffle, plan written answers
Check that you have answered the question
