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EXAM ANSWERS Microeconomics
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MICROECONOMICS FOR FINANCIAL STUDIES(21BSA020)
SKETCHED ANSWERS
January 2022 (1b) Exam paper
Answer ALL questions in SECTION A, which is COMPULSORY.
Answer ALL questions in SECTION B, which is COMPULSORY.
For each question in SECTION B the word limit is 400.
Answers to SECTION A should be written on the OMR answer sheet provided.
Answers to SECTIONS B should be written in the answer booklet.
Candidates may use any approved calculator.
Additional Instructions
This is a (1b) remote assessment examination, meaning you have a total of 2 hours plus an
additional 30 minutes to complete and submit this paper. The additional 30 minutes are for
downloading the paper and uploading your answers when you have finished. If you have extra
time or rest breaks as part of a Reasonable Adjustment, you will have further additional time as
indicated on your exam timetable.
For questions requiring quantitative or narrative answers, you are free to hand-write or type
them, the latter being preferred. A mix of hand-written and typed answers is also acceptable.
For questions requiring graphical answers, you are free to use a drawing tool (e.g. the
Shapes tool in MS Word) or hand-draw them, the latter being preferred.
You may use any calculator (not just those on the University’s approved list).
This is an open book exam and you may refer to module materials, notes or textbooks when
answering. You may not however copy or reproduce content wholesale from module
materials. Students who do this will be marked down for poor scholarship.
You must clearly identify the question and part as required in your answer. If you wish you may
include the relevant exam question and/or part as a heading.
You may include headings, bullet points etc to help with clarity as required. Graphs and images
may also be included and should be appropriately referenced.
Page 1 of 6
, In text citations should use the Harvard style in accordance with the School of Business
and Economics guidelines. You do not need to include a reference list.
All marks remain provisional until moderated
The overall grade distribution is as follows:
Bracket Count
0-40 11
40-50 38
50-60 118
60-70 44
70-100 3
Page 2 of 6
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