LSE Chat Thread

Hey guys, I've just finished up 1st year exams and am looking to get a headstart on 2nd year. Which textbook would you recommend for EC221?

The EC221 course guide says this:



Do most people get the book by Maddala or C Heij et al?

Hey guys, I've just finished up 1st year exams and am looking to get a headstart on 2nd year. Which textbook would you recommend for EC221?

The EC221 course guide says this:



Do most people get the book by Maddala or C Heij et al?

Macro exam today It's either do or die! Spent quite long trying to predict the questions, I reckon:

Short answer question on development accounting

Long answer section B: adverse selection in consumption, standard growth question with some emphasis on Malthusian, 3rd one I'm unsure but don't think it's gonna
be unemployment.

Long answer section C: question on money/credit cards and further linked with segmented markets, standard RBC linked with Keynesian or something, monetary policy.

Since I'm not gonna be online for much long, I'll post them anyway on the off chance they'll be useful.

Michaelmas Term

Quiz 1: Preferences, Utility Functions and Demand

1) No
2) Yes
3) 3x2/x1
4) x2/4x1
5) 3x2/x1
6) x2/4x1
7) 3x2/x1
8) x2/4x1
9) 3x2/x1
10) a,c,e,g generate the same preferences. b,d and f also generate the same preferences
11) Yes
12) No
13) The budget line did not change
14) min (x1, 10x2)
15) x1 = 10m/(10p1+p2)
x2 = m/(10p1+p2)
16) x1= 3/7m/p1,
x2= 4/7 m/p2


Quiz 2: Utility, Demand and Expenditure Functions

1) x1= u, x2 = 1/10 u
2) E(p1,p2,u) = ( p1 + 0.1p2)u
3) The utility function satisfies the nonsatiation and convexity assumptions.
4) x1= a m/p1,
x2 = b m/p2
5) The utility function satisfies both the nonsatiation and convexity assumptions.
6) x1 = p2/p1 – 1 ,
x2 = (m + p1 – p2)/p2
7) x1 = p2/p1 – 1 ,
x2 = u - ln (p2/p1)
8) E(p1,p2,u) = p2 – p1 + p2u - p2 ln (p2/p1)
9) 2&4
10) 1,2,3
11) 1,2,3,4
12) 1,3,4
13) No Change
14) 3
15) c



Quiz 3

1) 4
2) 5
3) 2
4) 4
5) 3
6) 1
7) 3
8) 1
9) (Irrelevant)
10) 1 & 5
11) 5
12) 1
13) 4
14) 5
15) 1



Quiz 4 (From NEW Class 4 Quiz – on moodle)
1) 2 & 4
2) 4
3) 1
4) 4
5) 6
6) 2 & 4
7) 1 & 3
8) 4 & 5
9) 4
10) 3
11) 4
12) 1
13) 2
14) 2
15) 2



There is no Quiz 5

Quiz 6

1) 4
2) 4
3) 5
4) 1
5) 3
6) 1
7) 2
8) 3
9) 2
10) 5
11) 3
12) 5
13) 2
14) 3
15) 5
16) 2
17) 2
18) 6
19) 4
20) 4
21) 5
22) 4
23)
24) 3


25) 3


26) - 30) Don’t have the answers

31) 1


Quiz 7

1) 2 & 4
2) 1
3) 1
4) 3
5) 5 None of the Above
6) 2
7) 3
8) 5
9) 5
10) 5
11) 3


Quiz 8

1) 3
2) 5
3) 2
4) 5
5) 5
6) 2
7) 5
8) 1
9) 1
10) 2
11) 3
12) 4
13) 4
14) 3
15) 1
16) 3
17) 2
18) 3
19) 3
20) 1


Quiz 9

1) 5
2) 2
3) 1
4) 2
5) 1
6) 4
7) 2
8) 4
9) 3
10) 5
11) 2
12) 3
13) 5
14) 2
15) 5
16) 2
17) 3
18) 1
19) 3


There is no Quiz 10


Lent Term
Quiz 11: Choices under uncertainty

1) c
2) e
3) d
4) c
5) c
6) a
7) b
8) c
9) d
10) c


Quiz 12

1) b & d
2) e
3) a, b & d
4) False
5) False
6) c
7) e
8) a
9) b
10) b
11) a
12) a
13) a
14) d
15) a
16) a


Quiz 13

1) a, e & g
2) a, c & d
3) False
4) False
5) True
6) c
7) c
8) c
9) c
10) d
11) d
12) d
13) a, b & d
14) d
15) b


Quiz 14

1) c
2) b
3) a
4) b
5) a
6) a
7) a
8) c
9) c
10) a
11) c
12) d
13) a, b & d
14) a, b, c & d


Quiz 15

1) b
2) a
3) b
4) d
5) a
6) a
7) b
8) d
9) c
10) e
11) d
12) b, c & d
13) d
14) b, c & d


Quiz 16

1) a & d
2) a & c
3) b
4) c
5) a & b
6) d
7) d
8) a
9) e
10) d
11) f
12) b


Quiz 17
1)
2)
3)
4)
5)
6)
7)
8)
9)
10)
11)
12)

Quiz 18

1) d
2) a
3) e
4) e
5) a & f
6) e
7) b
8) b
9) f
10) f
11) a
12) c
13) e

Pretty sure some of these solutions you have are incorrect. I've got different answers to you for MT quiz 6 questions.

You are awake at 5am? Crazy.

all answers were definitely correct at time of posting. They may have changed the way they ordered the questions now. I dunno. I'm one year out of uni, and have no idea where my econ stuff is.

Slept at 9 PM - trying a new sleeping pattern for exams.

Macro was AWFUL, really hard exam paper, made the sample exam/extra questions/some past exam questions look like a joke tbh. All the LT section A questions were really tricky.

Alright, is it working out?

And ouch, I gotta hope Kevin didn't set 321 as tricky as well. What have you got left?

Yeah it is but I broke the pattern already today - went to sleep from depression over macro.

Still got all my other exams left haha. Micro on Fri, then 4 half units in maths till the 9th. How about you? How are your exams going?

I had Econometric Theory on Monday which went rather well. I have Development on Friday which I am dreading. Section A of past papers looks very hard, and there is so much to go over. I finish on June 7 with Monetary, which is cool, 10 days to revise and I enjoyed LT of it a lot so should be good.

Yeah I was thinking of taking Development but now I don't think so, gonna stick with maths or possibly try finance.

Good luck with it though and Monetary

Just read on ceefax (yeah, I still read that ****. And what?) that 'LSE are the only elite university in the UK not to raise their tuition fees to £9000' and I was quite impressed considering how they're usually out to rip off anyone they can. But I read on and realised they were still putting fees up to £8500....much better

How does it work anyway -- do second years now have to pay £8500 for the next year or is it just in effect for the newbies?

Just read on ceefax (yeah, I still read that ****. And what?) that 'LSE are the only elite university in the UK not to raise their tuition fees to £9000' and I was quite impressed considering how they're usually out to rip off anyone they can. But I read on and realised they were still putting fees up to £8500....much better

How does it work anyway -- do second years now have to pay £8500 for the next year or is it just in effect for the newbies?