Final Exam Grades and Course Grades for ECO 5315

Here are the descriptive statistics for the grade distributions for the final exam and the course overall:

Course

Final Exam

mean

89.87

93.16

standard deviation

8.43

11.92

25th percentile

85.64

90

50th percentile

92.18

100

75th percentile

95.68

100

minimum

66.33

53.33

maximum

103.45

100

range

37.12

46.67


As noted in the syllabus, the final course grade is determined according to the following equation (see http://economics.garven.com/syllabus.htm):

 

Final Grade = .30(Problem Sets) + .30(Midterm Exam) + .40(Final Exam).

 

Besides listing mean and standard deviation, each column in the table above also indicates quartiles (i.e., the 25th percentile, the 50th percentile (i.e., the “median”), and the 75th percentile) in addition to the minimum and maximum values for each variable.  The average grade on the final exam was 93.16; the average grade in the course overall currently stands at 89.87.  The combined effects of a high average grade on the final exam along with its 40% weighting in the overall course grade equation caused the average course grade to increase by more than 4 points, going from 85.63 right after the midterm exam (see http://bit.ly/6OVl9t) to 89.87 at the end of the course.

 

Next, let me translate these data into letter grades for you.  The final grade curve for the course is as follows:

 

Final Letter Grade

Minimum Numeric Course Grade

A

96

A-

91

B+

88

B

84

B-

81

C+

75

C

66


The application of this curve results in a class GPA of 3.46, including 10 A’s, 13 A-‘s, 4 B+’s, 5 B’s, 2 B-‘s, 3 C+’s, and 2 C’s (note that A = 4 grade points, A- = 3.75 grade points, B+ = 3.5 grade points, B = 3 grade points, B- = 2.75 grade points, and C+ = 2.5 grade points).  I have posted all of these grade results to Blackboard, so if you login there, you’ll be able to see the final letter grade that you earned in ECO 5315.  Anyway, merry Christmas and happy holidays to everyone!


How to compute your problem set grade

I just realized that the last time I uploaded your grades onto Blackboard, I inadvertently quintuple counted the sample final exam extra credit assignment, which gave those of you who turned in sample final exams artificially inflated (and grossly incorrect) problem set grades.  This error has now been corrected and is reflected on Blackboard. Just


Some information concerning final exam policies and logistics

I have received a few queries from students concerning exam policies and logistics, so I’ll devote this blog entry to providing this information: Exam schedule.  The exam will begin this evening (Monday, December 14) at 6 p.m. It will end by no later than 10 p.m. Exam policies.  The exam is open-book, open-note, but not open-neighbor. 


Important Final Exam information

Here are the instructions that I have included on the first page of the ECO 5315 final exam booklet.  I have explained the structure of the exam on a couple of other previous occasions, but since I continue to receive emails about this, I thought that it might be a good idea to publish this


Moral Hazard and Adverse Selection

A student observed in an email from earlier today that moral hazard and adverse selection seem closely related, and was curious whether there is a definitive test to say whether it is one or the other?  For what it’s worth, here’s the response that I sent back to him/her: Moral hazard and adverse selection are related,


Honorable Mentions

For what it’s worth, I am one of 4 Baylor professors “mentioned” in an article entitled “Honorable Mentions” which appears in the current issue of Baylor Magazine.


Christmas at Baylor

Just in time for Christmas, here is a 5 minute, 52 second clip from the “Christmas at Baylor” DVD produced and directed by David Byrd in December 2003. Enjoy!


Solutions for the sample final exam and the (optional) chapter 14-15 problem set

… are located at http://economics.garven.com/fall2009/ECO%205315%20Sample%20Final%20Exam%20Solutions.pdf and http://economics.garven.com/fall2009/ch1415problemset_solutions.pdf!


Sample final exam descriptive statistics

For your information, here are the descriptive statistics pertaining to the sample final exam:   Sample Final  count 34 mean 88.53 Standard Deviation 7.96 minimum 70 maximum 100 range 30     1st quartile 80.00 median 93.33 3rd quartile 93.33 interquartile range 13.33 mode 93.33


Hint on Question 19 from the sample final exam…

In question 19, since I.M. Hogg is risk neutral, this implies that his objective is to determine the number of negative campaign ads which will maximize the expected number of voters.  The number of negative campaign ads is represented by n, where n is an integer value ranging from 0 to 4. In order to solve this