Exam Format and Contact Information
This sheet is intended to assist in the preparation for the exam scheduled for Thursday, July 11 at 10:00AM. This exam will be formatted in two parts, a closed-book non-quantitative part and an open-book quantitative part. Students will complete the closed-book non-quantitative part of the exam, return it to the instructor and then take the open-book quantitative part of the exam. Students may bring any written material only to the open-book portion of the exam. Students will also be permitted to bring a non-programmable calculator to the exam. No computers with Apple, DOS or Windows operating systems, or with alphabet keys will be permitted for either part. All questions on the exam will be drawn from material covered in the instructor's lectures and/or from the textbook. Material from other readings are likely to be useful in preparing for the exam. I suggest that you read it, at least part of it, particularly if you are experiencing difficulties with material covered in the course.

One should not assume that exam questions will involve simple duplication of material in the handouts, textbook, power point slides or notes or other material. Some ingenuity and analytical skills may be required to answer certain questions. In addition, it will be useful for students' grasp of the material to be strong enough to answer questions quickly, as time will be limited. This point is key; you must know the material well enough to be able to work fast. Be certain to understand derivations where applicable (such as geometric expansions) and be able to perform computations for all problem types. The practice version of the exam is intended to be representative of the style of actual examination questions and structures; actual exam coverage will extend to all material covered as of the class meeting immediately prior to the exam. Each exam, either practice version or actual version should be considered to only cover a limited "randomly selected" range of course material. Be certain to cover all required material in your preparations. Also note that many students feel that their actual exams are more difficult than the practice versions. This seems particularly true when solutions sheets are viewed along with the practice exams or when the practice versions of exams are not taken under actual exam conditions. Also, have a look at the page concerning student integrity.

Material covered by the exam will pertain to all lectures prior to and including the class meeting immediately prior. This will include all of the readings from Chapters 1 through 9 from the Coursepack subject to certain restrictions outlined below and subject to change as the term progresses and as actual course coverage varies from anticipated course coverage. Be certain to check the course syllabus and material below here so that you do not waste time reading material that will not be covered on the exam. Work through all appropriate problems (particularly in the Coursepack), being certain not to view solutions until you have completed your work. Wait until you have made your final preparations for the exam before attempting the practice exams, which may be found at the sample exam page. Allow 1 hour 40 minutes for each version of the sample exam, both parts.

Feel free to email me with your questions at jlteall@yahoo.com.
 
 

Exam Preparation, Coverage and Recommended Readings for the Exam
    Remember that the quantitative portion of this exam is of the open-book type. This means that simple memorization of formulas will not very useful. Knowing how to apply the models, how to derive and extend them along with how they relate to one another will be most useful. 

    Perhaps, you are tempted to ask "What do I need to know for this exam?" My answer would be: "If you know everything, and know it cold, you'll be just fine. Otherwise, the more you know, the better off you will be." Everything covered on the exam will be drawn from material or, in my opinion, can be inferred from material drawn from from course lectures or covered in the textbook.

    While much of the Lecture Spreadsheets might be useful in preparing  for the exam, those labeled Review or More Advanced may be skipped when preparing for the exam. You might save time by looking at this material after the exam instead.  Thre are several coursepack sections that you do not need to study for the exam:

     5.E: Efficiency And Dominance

     5.F: Construction of The Efficient Frontier

     5.G: The Risk‑free Asset

     5.H: The Capital Market Line

     Some additional optional material can be linked to from the Additional Readings page . This page provides a detailed description of materials and suggestions for its use. After studying the textbook, use this page. Also make use of this page if you are experiencing difficulties with the textbook.

    The content of the exam may well differ from the material given above as exact course coverage and exam timing cannot be predicted early in the term. Since the exam will be based on course lectures, and the textbook material closely parallels lecture material, first make certain that you are comfortable with lecture notes and textbook readings. This includes completing all relevant problems. If you are either encountering substantial difficulty with the material listed above or would benefit from working through additional material (as should be the case for most students), I suggest the material below.

Web Site and Other Handout Material
    The Elementary Mathematics Review sites will provide useful material for students experiencing difficulty with the lectures and the text book. Material in the textbook will also provide numerous solved exercises. First, students experiencing substantial difficulty with course material should cover any sections with which they may be uncomfortable in the eight chapters of the Elementary Mathematics Review . This includes working through all exercises.

    All relevant end-of-chapter problems may be helpful as well. These listings may change as the exam approaches due to actual coverage in the lectures. Make certain that you have a look at the Sample Exams. It is probably best to do this after you have completed all other exam preparations. 

Updated 07/01/2019