cse exam documentation

8/12/2019 CSE Exam Documentation

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Common Sense Economics

Exam documentation01/07/2013

All exam questions are drawn from the "B" pools. There are generally fewer questions in the A pools so there

will be greater variety for exams drawn from the "B" pools.

Name # Questions

on exam

# Questions

in poolExam 1: 40 questions, 2 points each

CSE Mod1B Incentives 3 12

CSE Mod1B Marginalism 3 10

CSE Mod1B Opportunity Costs 3 12

CSE Mod1B Scarcity 3 11

CSE Mod2B Demand Supply 3 10

CSE Mod2B Equilibrium 3 10

CSE Mod2B Gains from trade 3 10

CSE Mod2B Transaction costs 3 15

CSE Mod3B Helping others and receipt of income 2 8

CSE Mod3B Jobs versus the creation of wealth 2 8

CSE Mod3B Profits and loss 3 15

CSE Mod4B Market prices and the invisible hand 3 10

CSE Mod4B Secondary effects and unintended consequences 3 12

CSE Mod4B Sources of economic progress 3 12

Exam 2: 40 questions, 2.5 points each, 25 "new", 15 "old"






CSE Mod2B Equilibrium 1 10CSE Mod2B Gains from trade 0 10

CSE Mod2B Transaction costs 2 15

CSE Mod3B Helping others and receipt of income 0 8






CSE Mod5B Competitive process 3 13

CSE Mod5B Legal system and private ownership 1 7

CSE Mod5B Private property and incentives 3 12

CSE Mod6B Capital markets: wealth-creating versus inefficient projects 3 22CSE Mod6B Monetary policy and inflation 3 16

CSE Mod6B Regulation and gains from trade 2 9

CSE Mod7B Economic freedom, growth and income 3 13

CSE Mod7B Economics, politics, and trade restrictions 3 14

CSE Mod7B Gains from international trade 1 6

CSE Mod7B Taxes, incentives, and productive activity 3 17


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Exam 3: 40 questions, 3 points each, 25 "new", 15 "old"








CSE Mod2B Transaction costs 0 15CSE Mod3B Helping others and receipt of income 0 8









CSE Mod6B Capital markets: wealth-creating versus inefficient projects 1 22

CSE Mod6B Monetary policy and inflation 1 16

CSE Mod6B Regulation and gains from trade 1 9CSE Mod7B Economic freedom, growth and income 1 13




CSE Mod8B The opportunity cost of government 2 6

CSE Mod8B Political versus the market process 3 14

CSE Mod8B Protective and productive roles of government 3 14

CSE Mod9B Political incentives and short-sightedness 3 12

CSE Mod9B Special interest and political allocation 3 19

CSE Mod10B Central planning, politics, and resource allocation 2 9

CSE Mod10B Transfers, incentives, and the "welfare" of recipients 3 14

CSE Mod10B The unintended consequences of transfers and subsidies 2 8

CSE Mod11B Competition among governments, incentives, and resource allocation 2 8

CSE Mod11B Constitutional rules and sound economics 2 10


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Exam 4: 50 questions, 4 points each, 30 "new", 20 "old"








CSE Mod2B Transaction costs 0 15CSE Mod3B Helping others and receipt of income 0 8









CSE Mod6B Capital markets: wealth-creating versus inefficient projects 1 22

CSE Mod6B Monetary policy and inflation 0 16

CSE Mod6B Regulation and gains from trade 0 9CSE Mod7B Economic freedom, growth and income 1 13




CSE Mod8B The opportunity cost of government 1 6

CSE Mod8B Political versus the market process 1 14

CSE Mod8B Protective and productive roles of government 1 14

CSE Mod9B Political incentives and short-sightedness 1 12

CSE Mod9B Special interest and political allocation 1 19

CSE Mod10B Central planning, politics, and resource allocation 1 9

CSE Mod10B Transfers, incentives, and the "welfare" of recipients 1 14

CSE Mod10B The unintended consequences of transfers and subsidies 1 8

CSE Mod11B Competition among governments, incentives, and resource allocation 1 8

CSE Mod11B Constitutional rules and sound economics 1 10

CSE Mod12B Budgeting and getting more out of your income 2 6

CSE Mod12B Comparative advantage and discovery of career opportunities 2 8

CSE Mod12B Entrepreneurship and personal success 3 9

CSE Mod12B Introduction 1 5

CSE Mod13B Dangers of debt and credit card use 3 9

CSE Mod13B Strategic saving: planning for a "rainy day" 2 4

CSE Mod13B Sensible spending: used versus new 2 6

CSE Mod14B Diversification and reducing investment risk 3 10

CSE Mod14B Index versus managed equity funds 3 9CSE Mod14B The power of compound interest 2 6

CSE Mod14B Random walk theory and stock prices 1 5

CSE Mod14B Risk and return: stocks versus bonds 1 5

CSE Mod15B Portfolio adjustments and phases of life 3 11

CSE Mod15B Teach others sound financial principles 2 8

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