I have decided to change the ECO 5315 midterm exam schedule so that the exam will be given on the evening of Thursday, November 12 rather than Thursday, November 5. The evening of Thursday, November 5 will be devoted instead to a review session for the midterm exam. This review session is optional in the sense that attendance is not required, although it is strongly encouraged.

I made this decision after consulting with Gary Carini, Dave Wallace, and Kirk Hansen. Obviously, we have covered quite a bit of ground to date, and I think that everyone will likely benefit from having more time for reflection and for asking questions/working through problems if we do this in a review session format prior to the midterm exam.

In the interest of making our time together on November 5 as productive as possible, I will give extra credit to students who submit (via email to eco5315@gmail.com) their own lists of questions and problems which they would like to see covered on the evening of November 5. If you take me up on this extra credit offer, then you may earn up to 20 extra points which will be added to your lowest problem set score in ECO 5315. This extra credit offer expires at midnight on Monday, November 2. You are welcome to send more questions and problems to me after November 2, but you only receive extra credit if you submit your questions and problems prior to the deadline. By imposing this deadline, this will give me time to select what I think is the best set of questions and problems to cover during the review session, and it will also help focus your attention and thinking about course content. Questions can pertain to any aspect of the class with which you need more help. For example, why does price equal marginal cost in a perfectly competitive market, or why does reducing the price of a price inelastic good cause revenue and profits to fall? Problems can include any of the problems from the textbook or study guide related to the chapters we have covered in ECO 5315.

I will begin the review session at 6 p.m. on November 5 with an overview based upon the email feedback that I receive from you, and then continue to take whatever questions you are inclined to ask. I will leave it up to the class to determine the length of the “general” session involving the entire class. If general session concludes prior to 9 p.m., then I will stay during the remaining time so that I can participate in impromptu discussions with individual students as well as student groups. You are also welcome to use this time to work with your group if you prefer.

I realize that it is possible that this change in schedule may conflict with work-related commitments; e.g., perhaps one or more of you will be traveling on business on November 12. If this is the case, then please call or email me and we’ll do our best to work something out.

Let me know if you have any questions or concerns, either about this schedule change, or any other aspect of the ECO 5315 course.

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