You are on page 1of 3

UNIVERSITY OF ESSEX DEPARTMENT OF ECONOMICS

SESSION 2013/2014 KATE ROCKETT

EC111- INTRODUCTION TO ECONOMICS

TEST 1

PLACE: DATE: TIME ALLOWED:

LTB02, LTB08, LTB09 Friday, 17 January, 2013 1PM 60 minutes

Instructions Section A accounts for 45% of the total mark for this test; Section B accounts for 55%. Please write your answers clearly. Please answer THREE questions in section A and ONE question from section B.

Section A: [45 marks; 15 marks per question] State whether each statement is TRUE or FALSE or UNCERTAIN, giving a brief explanation in the space provided. Use diagrams where appropriate. Your marks will depend entirely on the quality of this explanation. For example, even if it is correct, putting only TRUE will get you no marks unless you explain your answer. Answer only THREE (3) of the FIVE (5) questions.

1. 2. 3. 4. 5.

(Try to allocate about 20 minutes to this section, or about 7 minutes per question)

Please go on to the next page

SECTION B: [55 MARKS] Answer ONE of the following questions. EITHER: Problem 1:

OR Problem 2:

(each question will have 4 sub-parts, so allocate about 40 minutes to this section, about 10 minutes per sub-question).

***End of Test***