How many raw points (without the gambling correction) does one need to pass? Or in this case to get 4/8 points? I know, I should be able to do that on my own and I think I did but I'm a little confused and just want to double check :)
Without your presentations/open questions you indeed need 5.5/8 to pass which means you need 21/30 to be sure to pass with only the MCQ
If you want to calculate what your MCQ exam will amount to in your final grade what you do is : (your points from the exam/30) x 8 - to that they will add the points of the presentations/open questions
Every mc-exam at UM uses a gambling theory, the calculation for the mc-part is therefore:
((Number of question you got right) - (1/4 of the amount of total questions)) : (3/4 of the amount of total questions)
4 months ago
The mock exam was an absolute joke compared to the real one!!!
Permission is the extent to which you can perform something to which you have no obligation towards while competence is the extent to which a certain entity with legal status can bring about legal consequences
Can someone explain to me how the producer surplus on the mock exam is 0? Because to me it seems that there should be a producer surplus, since P-chip is willing to sell at 22 and the market price is 24 and there is still demand.
the market price is at 22
"To keep things relatively simple, we only consider three possible market prices: 20, 22 and 24 gaps. From the three prices under consideration, the domestic market price is the lowest price at which all demanded bags of chips are also offered"
the only price that is the lowest AND at which all demanded bags of chips are also offered is 22 : 250 000 offered and 250 000 demanded at that price
Since P-chip sells his bags at 22/bag and that theoretically he sells them all (since again, there is 250 000 bags demanded at the price of 22/bag, and he offers 250 000 bags) there is no producer surplus
Hope that helps! If not i can try to reformulate :)
Go through the summaries you can find on studydrive, and see if they more or less match what you have in your summaries, try to see what is repeated in the lecture and in the materials, and see what the questions for the tutorials were! That should already help a lot! :)
Work backwards. Try to get your hands on some past exams with the mark schemes and figure out what they want to see. Then read the cases for each week and go through them with the same 'scheme'. That will allow you to then go through the book with the right mindset that the markers want to see.
To find a solidary and common policy that would work fairly for all member states, the member states would have to give up on part of their sovereignty to grant the necessary powers to deal with the crisis
to the EU. But the Member States hold on too tightly to their sovereignty, and the EU can't do much… For example, the 4th Dublin regulation is still on the table, and the proposition for a "safe countries" list to which asylum seekers may be sent back has been abandoned in 2017
An asymmetric shock is when one country will experience a shock (such as the disease in the vineyards in Germany (syllabus example)), but an other country will not experience that shock - in this context, the shock affects the country's economy
- Shock : it affects the German economy
- Asymmetric : the shock doesn’t hit every country
Guys, I emailed the lecturer about question 3b (and also but to a lesser extent 3a) because the question asks for CAUSES but the answer key expects EFFECTS. The question(s) asks to describe the challenge (itself!) and not necessarily the consequences or effects of this. Please do the same! (if it applies to you, or if you're a Helpful Henry and want to help out!) Unfortunately the lecturer replied that the corrector for this question is gone until 16 april so we will have to wait a looooong time for the grade (and ofc that she will pass on the comment to him/her).