Your midterm on April 5th will have two hands-on problems. You need to assume that I will give you any of the problems I haven’t assigned as homework from Chapters 4 and 5 of the New Perspectives textbook. That makes five problems that you should attempt to do ahead of time. These problems are not really difficult if you start early and pace yourself. By giving yourself enough time to work on each these five problems you will be well prepared for the exam.
I think the subject matter for our course lends itself nicely to short answer or short essay questions so the third part of the exam will be short answer and multiple choice questions. You will have three minutes to answer a multiple choice question and five minutes to answer a short answer question. Consequently there will be between 25 and 15 of these questions on the exam.
I would like you to write questions as well as the “correct answers”. You will then post your questions but not the answers on Financial Modeling blog. The authors of questions will be obliged to send me the answers to their questions. This will be accomplished by setting up a Live.com survey. I will select the questions that actually appear on the midterm exam and possibly add questions that I compose myself.
Since everyone will be able to read the questions in the pool (but not the answers) those who have been most thoughtful in terms of composing questions will automatically be rewarded (because they have written answers that I accept). You are also encouraged to collaborate as you prepare for the exam. An important criteria for doing well will be having an extensive “memory” of ideas and issues covered in the course. There are 3 PowerPoints on Bb, the initial PowerPoint from the Soubeiga book, the XBRL PowerPoint and the PowerPivot PowerPoint (not there yet). I will also give you hard copies of John Tjia’s handout. So there are 4 documents for you to take your questions from.
I read a book chapter describing this exam procedure for use in a class by Michael C. Elavsky, “You Can’t Go Back Now: Incorporating “Disruptive” Technologies in the Large Lecture Hall.” Social Media: Usage and Impact (2011): 75. You can read this book chapter on Google Books at this link (page 75): http://bit.ly/1fyu0K0
Naturally if nobody makes any question/answer contributions all of you will have to study all of the material I assigned as opposed to only studying the question/answer pairs created by the 29 students in my graduate level class and the 14 students in my Honors undergraduate class . I am making the midterm exam low stakes, only 20% of your final grade. But still a significant event that people who want a high course grade must pay attention to.
Please attach your questions without the answers as comments to this post on the course blog: https://blogs.baruch.cuny.edu/financialmodeling/. Please use this survey to submit your questions a second time, include the answers to your questions when responding to the survey: http://1drv.ms/1epYLCi. You can submit as many questions as you like.