The Twelve Published Questions, Mapped

The idea

The exam's publisher releases twelve sample questions, and they are worth using as a map rather than as practice, because twelve is too few to practise on and exactly enough to show the shape of the thing. *Their text is not reproduced here.* What follows is what each one tests and where this course covers it. Two are on comparative advantage and trade, from a table of production possibilities and from a currency movement raising exports — units one, thirteen and seventeen. Two are on a single market, one where an expected future price shifts both demand and supply and one where a price floor creates a surplus — unit two. Two are on aggregate supply and the Phillips curve, one asking what shifts short-run supply right and one asking about movement along the short-run curve — units eight, nine and twelve. One is on a price index built from a fixed basket — unit six. One is on the spending multiplier — unit nine. One is on loanable funds, where more private saving lowers the real rate — units two and fifteen. One is on the central bank fighting inflation — unit twelve. One is on human capital and long-run growth — unit four. One is on interest-rate differences driving capital flows — units seven and thirteen.