Exam 3 - Ch 8-10, 12
Quick links: What to know · Coverage guide · Exam structure · How to prepare · In-class practice · Slides · Practice exam
Coverage guide
The Exam 3 Coverage Guide summarizes everything you need to know for the exam — calculations, interpretations, and key concepts by chapter.
What should I know?
See the specific chapter guides from Chapter 8, Chapter 9, Chapter 10, and Chapter 12. You should understand all terms and definitions (be able to define and also apply them). You should also be comfortable interpreting regression output either written out in equation form or as Stata output. The level of PS4/PS5 problems is about right in terms of difficulty.
There will not be a Stata component to the exam.
I need more practice!
I recommend the following resources:
- Odd-numbered problems from Stock and Watson - solutions are available here
- In-class practice
- Practice exam
What is the structure of the exam?
The exam will be a lot like a math exam - solving some problems and showing your work. I would expect about 3 multi-part questions. There may be some questions that involve definitions and/or true-false.
The exam is closed book with a calculator allowed. You are allowed to bring your own one-page formula sheet.
What is allowed?
- Pen or pencil
- One page formula sheet (double sided)
- Calculator (basic, scientific, graphing)
- Drink and quiet snack
What is not allowed?
PhoneOther notesTextbookTablet/LaptopEarbuds/headphones
How can I prepare?
A few ideas, depending on where you’re feeling least secure:
- Work through problem sets and prevous in-class exercises (posted in their respective content section). Do them without looking at your past work!
- Make one-page chapter guides. These are handy resources for the exam and a good way to make sure you’ve thought about what’s important
- Make yourself a formula sheet. Useful to have, and also the act of creating it will help you
- Watch videos/review slides when you have gaps.
In-class practice
In-class practice activities:
- CH9 Activity: Activity · Solutions
- CH10 Activity: Activity · Solutions
- CH12 Activity: Activity · Solutions
Slides
Practice exam
Use this for additional practice and to get a sense of the format and difficulty of questions. It covers the same topics as this exam (panel data/fixed effects, instrumental variables, difference-in-differences).
(I strongly recommend completing the practice exams before reviewing the solutions)