1) Seets Money demand question
I will argue that he did not even go through ISLM when setting this question about money demand and ISLM. I will also argue that he did not teach us what is economic activity, and after 90 percent of the people took the paper, they sounded confused by economic activity. Hence, as he did not teach us what is economic activity, it was vaguely set by him.
2) LM shifting in a flexible rate
I feel I got this one correct, as I was thinking that LM can move first (knee jerk) effect, and then IS shifts. I think too complicated in this question.
3) Tutorial on Asymmetric Information
This question, I have no excuses. I am weak thats all.
4) Cost curves (constant return to scale)
I feel I did not have enough time for this question (only 2 mins). If I had done it at home, I would have got it correct.
Overall, 1, 3, and 4 without the excuses, I could have got it correct.
But NO excuses. I got 4 questions wrong in 2 days. Thats no excuse. I have to face it, and MOVE ON. I shall now look forward to tackling my next question, and get it right from now.
If we were to think positively, these are HUGE learning points for me. Hence its a good thing that I got these questions wrong, as they will be engraved in my brain forever.
Lastly, I know Mark said I have quantum leap. However, on the bus ride home today, I know I have quantum leap. I could do question 4, but it was just a matter of time. I have quantum leap, but I cannot do it in a short period of time. Thats not good enough. I shall work on it. One example is the perfect competition question on market supply and individual firm supply. I eventually got the question right, when people cant. But i took 25/36 mins which was long enough. I have to work on this ability by practising more. Like my dearling said, I lack experience and practise now. I hope that ability and knowledge wise i'm there, but not exam wise.
- Bengbeng! :)
