EC239 Study Guide - Midterm Guide: Diminishing Returns, Marginal Product, Relative Price
Document Summary
50-70% mc: the rest short answer questions. At least one short answer question that will require drawing well-labelled diagram(s) to get full marks. Also be a short answer question that will require some knowledge of papers discussed in the lectures. Chapters 3 and 4 will be represented a lot more on the exam. 1 and 2 has questions but less emphasized. What should you know: models: ricardian, specific factors, heckscher-ohlin. How do different models respond to different. How do these shocks transfer through to all the different parts of the model: facts, papers, etc. No specific numbers (aka manufacturing is 53% of total trade) Facts and trends are fair game though (aka manufacturing makes up most trade today, agriculture used to make up most trade in the past, etc) Main findings from papers we discussed (aka what do. Autor, dorn, and hanson find was the effect of.
